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Walmart taps new suppliers in India

February 14, 2024 by Scott Martin

NEW DELHI: As US retail giant Walmart tries to diversify its supply chain and reduce its reliance on markets like China, it is leaning on India, one of its key growth markets and wants to tap into new suppliers in the country. The company which is chasing a target of sourcing $10 billion worth of … Read more

Toyota: Toyota’s Daihatsu to compensate suppliers over output halt

December 25, 2023 by Scott Martin

TOKYO: Toyota Motor’s small car unit Daihatsu Motor will compensate 423 domestic suppliers with which it has direct business relations as its plants in Japan remain idled due to a safety scandal, a spokesperson said on Monday. The small car specialist has halted production in Japan until the end of next month, the spokesperson said. … Read more