This is as a result of a discussion that took place at the World Economic Forum in Davos between Minister of Trade and Industry Ebrahim Patel (who was then Minister of Economic Development) and the President and CEO of Walmart International Judith McKenna. This initiative represents an extension of the Massmart Supplier Development mandate to include assisting local suppliers to access Walmart’s global markets. The Massmart Supplier Development Programme (SDP), just prior to facilitating this export initiative, announced that it had surpassed the R1 billion procurement mark with small manufacturers who participate in the programme.
Commenting on the achievement of the R1 billion procurement milestone and the new export initiative Minister Patel said, ‘The Massmart SDP provides an example of the role the private sector – with government’s support – can play in bringing more South Africans into important value chains in the economy. I am encouraged by the levels of procurement so far from these small, local suppliers and look forward to seeing both the number of small business suppliers and the levels of procurement growing in the years to come; and also to seeing more South African suppliers integrated into the global supply chain of Walmart.”
For this first visit, the Walmart Global Sourcing delegation which includes the Chief Administration Officer of Walmart International JP Suarez, Walmart Global Sourcing Senior Vice President Ash Eisa and the Walmart Global Sourcing Director Sean Reber, are meeting with 18 South African suppliers that provide Massmart with products ranging from dried fruit, pepper dews and local wines, to flatpack furniture, gardening tools and cooler boxes.
With operations in 27 countries across six continents, the Walmart Global Sourcing team, supported by the Massmart SDP, will review participating suppliers’ products with the goal to match high potential export products to suitable Walmart markets.
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About the Massmart Supplier Development Programme
The Supplier Development Programme was established by Massmart to create opportunities for small to medium manufacturing enterprises. The objective for the programme is to improve local procurement linkages for new and existing small businesses to be able to sustainably trade with Massmart.
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit Walmart’s 11,300 stores under 58 banners in 27 countries and eCommerce websites.