New Delhi: Walmart is now offering Indian manufacturers and merchandise companies the opportunity to expand internationally as cross-border sellers on the Walmart Marketplace, where they can reach a growing market of over 120 million US consumers every month. Along with Flipkart and cross-border commerce company Payoneer, Walmart recently rolled out a detailed roadmap for local sellers with export ambitions at the Walmart Global Seller Summit in the capital. The roadmap is part of Walmart’s efforts to increase its sourcing from India to $10 billion annually by 2027.
Michelle Mi, Walmart Vice President, Emerging Markets and Business Development – Global Sourcing attended the summit along with 650 Indian vendors. In a statement, she said, “Now is the ideal time for sellers in India to start as exporters on the Walmart Marketplace. It is already one of the top online marketplaces in the US, and we are looking forward to helping new sellers find the best products on the platform.” and are investing heavily to help bring the service.As one of the first batch of Indian sellers on the Marketplace, those who join us now have them as part of a curated community of trusted sellers in the US This will be a great opportunity to be successful.”
The Walmart Marketplace is another growing pillar of the US retail landscape, offering nearly 170 million unique items to a loyal base of customers. Walmart is looking to bring 40,000 new sellers to the marketplace this year and expand the range to over 200 million items on offer. Walmart sees great potential for products made in India in highly explored categories like furniture, bedding, home decor, and more.
“Digitalization and e-commerce are a gateway to amazing opportunities in India and in markets across the world. Over the past decade, Flipkart has helped build a strong supply chain ecosystem in India, helping hundreds of thousands of local businesses start selling online as part of India’s digital retail revolution. This is not only great for local consumers and companies, but also expands the pool of export-ready Indian businesses that can now take advantage of this opportunity on the Walmart Marketplace,” said Rajneesh, Chief Corporate Affairs Officer, Flipkart Group. Kumar said in a statement. ,
At the grassroots level, Walmart and Flipkart are providing training and support to Micro, Small and Medium Enterprises (MSMEs) with export ambitions through the Walmart Growth Supplier Development Program. A cross-border trade training program is now being developed as part of Vridhi to help sellers take advantage of the digital supply chain to sell overseas.
Indian sellers on the Walmart Marketplace will be guided every step of the way by a new Walmart Cross Border Trade team in India. Sellers will have a dedicated account manager to help them onboard and take advantage of tools like Walmart Fulfillment Services, which offers Walmart warehousing and delivery as well as returns as well as two-day delivery to most of the US . Sellers in India will also be able to use the Walmart Connect media platform to help drive impactful advertising and marketing campaigns.
In addition, they will be able to call an ecosystem of solution providers like Payoneer. As a global digital commerce enabler, it provides multi-currency payment solutions and India-centric innovations such as Automated Foreign Inward Remittance Certificate (FIRC), as well as legal, tax and compliance support, access to global shipping and logistics services. does.
“Walmart’s Global Seller Summit in India is an example of Payoneer’s effort to connect cross-border sellers with marketplaces so that they can thrive in the global digital economy,” said Gaurav Shisodia, Country Manager, Payoneer in a statement.
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