By positioning itself as a B2B tech provider, Walmart could command a higher valuation than traditional grocery retail. We break down how the retail giant built its tech offerings — and the 3 sectors it'll take on next.
Updated December 4, 2023.
With more than 10,500 stores in 24 countries and global annual revenues exceeding half a trillion dollars, Walmart has long shaped the world of brick-and-mortar commerce.
Now, it’s establishing itself as a tech provider — similar to the likes of Amazon — by launching high-margin, high-growth-rate tech businesses for the retail industry. This could change financial markets’ perception of the company’s growth potential and help it achieve a higher valuation than traditional grocery retail.
Armed with data from its 37M daily global customers and one of the world’s most efficient supply chains, Walmart has been rolling out a suite of omnichannel tech products. Just last month, the retail giant announced it would make several of its fulfillment and delivery tech products available to other retailers via Salesforce’s app marketplace.