The weight of Walmart: A company with an annual revenue more than the GDPs 170 countries
Walmart is more than Earth’s largest retailer. Its finances, footprint and personnel dwarf entire industries and countries. Here’s a lowdown on the company.
Walmart is more than Earth’s largest retailer. Its finances, footprint and personnel dwarf entire industries and countries. Its epic $400-billion plus annual revenues eclipse the GDPs of more than 170 countries, and its 21,00,000 employees would form the second largest standing army on the planet. Here’s a lowdown on a company that may soon come to India.
1) REVENUE
Walmart’s 2010 revenues were bigger than the revenues of America’s largest oil company, largest manufacturer, and largest pharmaceutical company.
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2) COMPETITION
Walmart is Earth’s largest retailer with five times the sales of the second largest US retailer Costco, and 10 times the sales of largest online retailer Amazon.
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3) GEOGRAPHY
Lined up side by side, Walmart’s warehouses would cover all of Manhattan’s 880 million sq ft.
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4) MANPOWER
Walmart’s 21,00,000 employees would form the second largest active military in the world, equating the combined armies of North Korea (1.1 million) and Russia (1 million).
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5) TRADE
Walmart is the largest U S importer of Chinese goods. Around 15% of all US Chinese imports are Walmart’s.
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6) WELFARE
If Walmart were a national economy, they would rank first in the world for income inequality: CEO Michael Duke makes more in an hour than his sales associate will in a year.
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