It makes one wonder – What made Walmart take that approach? What strategies did it use to overcome the challenges it had been facing? We did some digging and found a lot of insights that other businesses can take a lesson or two. It has shifted its focus and strategies to become a high-tech innovator.įor nearly a decade, Walmart has been investing heavily in technologies and startups and is one of the reasons that it still sits on the throne of the Fortune 500 Company List despite seeing immense competition from its rivals such as Amazon.įor the fiscal year 2022, Walmart set an investment of $14 billion for automation, technology, and other business areas like supply chain and customer-facing initiatives.Īnd not just in technology but the company is also planning to hire thousands of the workforce in 2022 including cybersecurity professionals, architects, developers, software engineers, data scientists, data engineers, technical program managers, and product managers.
Walmart, the world’s largest brick-and-mortar retailer, has been pushing the envelope for becoming a tech-centric company from being a traditional retailer.
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