Mexico’s major grocery store chain, Walmart Mexico and Central America, will invest 650 million pesos ($36 million USD) in the construction of a new Distribution Center (Cedis) in Yucatan, which seeks to expand — as well as strengthen — its logistics network in the country.
“This new business unit will positively impact the state’s production infrastructure, since it will not only generate more than 500 direct and 250 indirect jobs, but it will also expand its supply network to the states of Campeche and Quintana Roo. This will reach more places in less time, which will eventually boost the investment made and attract more local suppliers”, Walmart’s executives stated.
Currently, Walmart Mexico and Central America has 36 business units in Yucatan; 10 Bodega Aurrera stores, 11 “Mi Bodegas Aurrera”, five “Bodegas Aurrera Express”, three Sam’s Club, one Superama, and six Walmarts. This means that the approximate historical investment of the company in Yucatan amounts to more than $3,138 billion pesos. The company reported that Walmart México and Central America has generated 3,457 permanent jobs in 14 municipalities of the state: Mérida, Halacho, Hunucma, Izamal, Motul, Kanasin, Oxkutzcab, Tekax, Tixkokob, Tizimín, Ticul, Uman, Valladolid and Progreso.
Miguel Cavazza, vice-president of the Logistics and Distrution area at Walmart México and Central America, mentioned that the company has been a pioneer in integrating logistics into its business model, as well as looking for the best places and conditions to invest in. “The outcome has resulted in significant growth accompanied by unprecedented productivity rates in the commercial industry,” he expressed.
Likewise, Rolando Zapata Bello, Governor of Yucatan, indicated that this investment confirms the good economic direction of the state.
SOURCE: El Financiero
more recommended stories
Altars exhibition will return to the tourist corridor of Calle 59, in Campeche
CAMPECHE, (October 23, 2021) .- After canceling.
Guides will participate in “alternative tourist tianguis” in the park of Santa Ana in Mérida
They will offer new attractions to.
Ticul Hospital will be ready in 2023, says Mauricio Vila
Merida, Yucatan, (October 23, 2021).- The.
KFC restaurant in eastern Mérida catches fire
Mérida, Yucatán, (October 23, 2021).- This.
Migrants change their course, leave Chiapas bound to Mexico City
Around three thousand migrants left Tapachula,.
Germany issues travel alert to Mexico after killings of foreigners in Tulum
The alert is in addition to.
Man is shot and wounded just a few steps from Fifth Avenue in Playa del Carmen
Quintana Roo, (October 23, 2021).- The.
Shootings, fires, and blockades, at least 3 injured in Matamoros, Tamaulipas
In Matamoros, Tamaulipas, México a series.
Oaxaca Giant ‘Alebrijes’, conquer New York City with their magic
The giant alebrijes placed in New.
Bomb Cyclone – Atmospheric River coming to blast the Western US
A series of potent storms is.