Walmart to invest $25m in China food safety research

accreditation

Shanghai - Walmart and its foundation are investing $25m over five years in food safety research in China, as the world’s largest retailer seeks to strengthen its foothold in the country more than two years after it was hit by high-profile product scandals.

The funding together with the Walmart Foundation will support projects in applied science, education and communications, according to the Bentonville, Arkansas-based retailer at a briefing held in Beijing, where it also launched the Walmart Food Safety Collaboration Center to bring together local and international research.

“By bringing together the best food safety thinkers from across the food ecosystem, from farmers to suppliers, retailers to policy regulators, we’ll accelerate food safety awareness and help make Chinese families safer and healthier,” Walmart chief executive officer Doug McMillon said at the event in Beijing on Wednesday.

Walmart, which is overhauling its business globally to meet the challenge from ecommerce, had struggled over the years to adapt its stores to meet Chinese consumers’ tastes and compete with local online grocery providers.

The retailer earlier this month boosted its stake in China’s second-largest ecommerce website JD.com, strengthening its China presence after its sales were hit in 2014 by a series of food scares.

The new center will facilitate research in areas such as the root causes of food-borne illnesses, and developing solutions for China’s food supply chain.

It also announced on Wednesday three projects including one that brings US and China academics together with local poultry producers Fujian Shengnong Food, New Hope Liuhe and Guangzhou Jiangfeng Industry to study safety in poultry supply chains.

Read Fin24's top stories trending on Twitter:

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.35
-0.0%
Rand - Pound
19.81
-0.0%
Rand - Euro
17.08
-0.0%
Rand - Aus dollar
10.76
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,764.62
0.0%
Silver
25.81
0.0%
Palladium
2,467.49
0.0%
Platinum
1,038.50
0.0%
Brent Crude
73.51
+0.6%
Top 40
59,504
-1.5%
All Share
65,635
-1.4%
Resource 10
60,958
-1.7%
Industrial 25
87,956
-1.3%
Financial 15
12,995
-2.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should government have assigned a majority shareholding in SAA to the private sector?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, It's a good decision
64% - 148 votes
Not a good move
10% - 22 votes
Too early to tell
26% - 61 votes
Vote