Modelling A.I. in Economics

Walmart Goes Global: Doubling Down on International Growth

Walmart Inc. (WMT) reiterated its goal of doubling international gross merchandise volume (GMV) to $200 billion in five years, even as the global economy remains on shaky ground.

The company's international business has been a bright spot in recent years, growing at a faster pace than its domestic business. In the fiscal year 2022, international GMV grew 10%, while domestic GMV grew just 3%.

Walmart is investing heavily in its international business, opening new stores and expanding its online presence. The company is also investing in new technologies, such as artificial intelligence and machine learning, to improve the customer experience.

"We believe our international business is well-positioned for growth," said Doug McMillon, Walmart's CEO. "We have a strong team in place, and we are investing in the right areas to drive growth."

Walmart's international business faces some challenges, including rising inflation and supply chain disruptions. However, the company is confident that it can overcome these challenges and achieve its goal of doubling international GMV in five years.

"We are aware of the challenges, but we are confident in our ability to overcome them," said McMillon. "We have a long history of success in international markets, and we are committed to continuing that success."

Walmart's goal of doubling international GMV is ambitious, but it is not out of reach. The company has the resources, the talent, and the commitment to make it happen.

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