Walmart Latin America: 'Sustainagility' as key to profitable growth
Miami -- Walmart Latin America CEO Eduardo Solorzano said Thursday in a speech that Walmart is using the company's expertise in sustainability as a means for profitable growth.
In his address at the annual "Outlook of the Americas" luncheon of the Association of American Chambers of Commerce in Miami, Solorzano said, "We are sharing best practices across markets and developing new formats to serve the unique customs and needs of Latin America customers, but it will take leveraging the company's expertise in sustainability to manage costs."
According to Solorzano, Walmart will move more aggressively to integrate a holistic sustainability plan that will bring the company to 100% renewable energy and zero waste. “We call it 'sustainagility,'” he said.
Walmart opened its first store in Latin America, a Sam's Club, in Mexico 20 years ago.