YUCATAN, MEXICO - Transnational retail giant Walmart has set its sights on Mexico’s west coast. The company has decided to invest $1.2 billion USD in the Yucatan Peninsula in order to construct distribution centers to improve the supply of five of the company’s brands operating in the area.
According to local news source The Yucatan Times, the company’s investment is expected to generate roughly 10,000 jobs in the region.
Walmart Mexico and Central America’s Director of Corporate Communication Antonio Ocaranza Fernandez told The Yucatan Times that the group’s assets in the region include a line of six businesses and 39 commercial spaces in the state of Yucatan—with a 40th on the way, involving a 3.4 billion peso investment and 3,500 direct jobs. The company operates three Sam’s Club stores, one Superama, six Walmarts, ten Bodegas Aurreras, eleven My Bodega Aurrerá, five Bodega Aurrerá Express, and a Suburbia store.
The company’s plan involves “probing” local and municipal authorities throughout the peninsula in order to locate spaces and install infrastructure, and ultimately, Walmart aims to expend $1.2 billion in these logistics spaces to reduce supply times and costs involved in supplying the six brands.
Walmart first entered Yucatán 1995, and expanded significantly between 2012 and 2015. The company’s variously-branded stores are spread throughout 14 municipalities in the area.
Does this investment in logistics signify plans to grow its retail presence in the region and throughout Latin America? Stay tuned to AndNowUKnow for updates.
