Walmart to reduce supply chain costs

Walmart has announced that it will reduce costs by decreasing the proportion of items purchased from third-party procurement companies or suppliers and dealing directly with manufacturers.
Walmart’s annual sales are estimated at $400B, including $100B from private label products. Eduardo Castro-Wright, the head of Walmart USA, anticipates savings of $4B to $10B if the company meets its objective of purchasing 80% of its requirements directly.