Walmart has announced that it will be investing $1 billion in its global supply chain as a part of its new commitment to sustainable agriculture.The retail giant hasn't been favored among proponents of sustainable supply chains, who have accused Walmart of everything from contributing to deforestation and climate change to putting smaller stores out of business. However, the Arkansas-based company is doing what it can to change that perception by revamping its supply chain to include more local and small-scale farmers and producers and to source products in a more responsible way by 2015.
At least $1 billion worth of goods sold at Walmart stores will come from these smaller operations - a change that will increase the incomes of these small-scale farmers by 10 to 15 percent.
"More than 1 billion people around the world rely on farming and hundreds of millions of them live on less than $2 a day," said Walmart president and CEO Mike Duke. "Globally, with a booming population, food production must increase roughly 70 percent to feed 9 billion people in 2050. Through sustainable agriculture, Walmart is uniquely positioned to make a positive difference in food production - for farmers, communities and customers. Our efforts will help increase farmer incomes, lead to more efficient use of pesticides, fertilizer and water, and provide fresher produce for our customers."
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