The Associated Press is reporting that Wal-Mart Stores plans to double its sales of locally sourced produce in the U.S. by the end of 2015.
The move by the world’s biggest retailer is part of a new sustainable agriculture strategy that looks to steer more business to small and medium-sized farmers globally while also reducing some of the negative environmental effects of farming.
If Wal-Mart meets its goals in the U.S., local produce will still make up only 9% of the produce it sells. But because of the retailer’s sheer scale, it has the potential for a sizable impact. More than half of Wal-Mart’s $405 billion is annual revenue is from food.
Wal-Mart plans to buy more of select U.S. crops. It also plans to train 1 million farmers and farm workers in emerging markets in crop selection, sustainable farming practices and other subjects and selling $1 billion in food sourced from 1 million small and medium-sized farmers.
Photo by greenliving.org.
|Even the Shopping Cart Needed Marketing|
|Entrepreneurs Take Too Many Showers|
|Science is Cool, Even the Science of Christmas Trees|
|3D Print Your Unborn Baby|
|How to Attract Better Clients|
|The Economics of North Dakota’s Oil Boom|
|What is 3D Printing?|
|They Started A Business Around Their Fashionable Dog|
|Sh*t Entrepreneurs Say|
|Unexpected Products by Brands We Trust|