How Walmart Could Look Very Different In 10 Years
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By Joey Keogh/July 16, 2020 10:55 am EST
After investing $3.3 billion into buying Jet.com (another e-commerce site) and putting its CEO Marc Lore in charge of Walmart’s U.S. digital operations, it seemed clear that the retail giant wasn’t playing around. The move forced major changes at the company, leading Walmart to cease charging for the delivery of orders over $35 and to re-jig its supply chain accordingly. Looking to the future, though, will Walmart continue to make changes to run with the big dogs, or are its days at the top numbered?
Walmart knows it needs to evolve to survive
Walmart’s future could depend on its online success
McMillon explained the company is well aware that customer needs come first and even keeps a copy of Forbes from the ’90s on his desk to remind him that it could all go away in the blink of an eye (via CNBC). As far as the ambitious CEO is concerned, if Walmart is to continue growing as a business, it must adapt to the changing world accordingly.
