Walmart Aims To Cut Global Supply Chain Costs

Walmart is launching a drive this year to cut billions of dollars of costs from its supply chain by combining its store purchasing across national frontiers in a new stage in the globalization of its business.

The effort is part of plans by the world's largest retailer to increase the proportion of goods that it buys directly from manufacturers, rather than through third-party procurement companies or suppliers.

Eduardo Castro-Wright, the head of Walmart's US stores, has said that the retailer sees the opportunity to consolidate global sourcing as "a major source of leverage for the company in years to come."

To read more about Walmart's efforts, click here.