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Start-ups drive digitisation in Switzerland

Start-ups drive digitisation in Switzerland
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Switzerland , Alexandra-beckstein , Judith-ellens , Tej-tadi , Julia-carpenter , Start , Ups , List , Digital , Shapers , People

Talking Business

others. it might hurt everyone on the planet. many, many people around the planet. many, many people around the world also shop using my next guest's company. we are talking walmart, the biggest company in the world. it's the biggest retailer in the world, and she's in charge of the entire business outside of the united states. judith mckenna, a real pleasure having you on my show. and judith, on this week's show, we've been talking about the impact of extreme weather on food prices, including the ban of most rice exports from india. and just at a time, judith, when we started to see food prices falling, do you think prices will inevitably start rising again? hi, aaron. it's a pleasure to be here. listen, i think the world, the economy, this confliction of events that have happened between weather, the challenges in europe with ukraine and everything that's been going on is putting real pressure around the world on pricing forfood.

World , People , Company , Guest , Many , Everyone , Planet , Walmart , Others , Retailer , Charge , Food-prices

Talking Business

that we have around the world, you know, our businesses reach out to about 40% of the world's population through the countries that we operate in. i think that we're still very confident about being able to get there. and as we know, walmart, it's very well known for keeping prices low. but... and judith, you'll know this, some will say, perhaps the critics will say, that isn't always fair and sustainable on your suppliers. i'm just wondering, do you have a duty to them as as well as to your customers? you know, i don't think in the world, our relationships with our suppliers have ever been so important. as we seek to create value for the customers, we want to do that in partnership with suppliers. you know, we're intent on making long term investments, having strategic partnerships to help both people, both companies be able to operate effectively, efficiently, and still be able to produce great quality products which customers want. judith, let's look at india. i mean, one of the biggest

World , Businesses , Countries , Walmart , Around-the-world , Population , 40 , Some , Judith , Keeping-prices , Customers , Value

Talking Business

really fit with this flight to value, is that people still want to know exactly where their products came from, trust in those products is really critical for them. so we're conscious still about thinking about where we source and how we source for people. and then, finally, a trend that is true everywhere is that when there's a seasonal event, so i think about christmas or easter or any kind of festival or holiday, people still want to treat themselves. and i think some of that may well still be a hangover from the pandemic where everybody was unable to do those things. and judith, i'm just wondering, do you see the rising costs threatening your targets? because, and correct me if i'm wrong here, but you've said you want to double your volume of business to around $200 billion in five years. i'm just wondering, again, if these international events could impact on that target? world events, economies, always have an impact on businesses. but when you look at the target we set for that, which is over a five—year period, and think about the businesses

People , Products , Value , Trust , Flight , Some , Everywhere , Kind , Trend , Event , Holiday , Festival

Talking Business

get a delivery to their local area, and handing it out to everybody that's there. they're saving on fuel by doing that. the other piece that's really interesting, and it somehow doesn't really fit with this flight to value, is that people still want to know exactly where their products came from, trust in those products is really critical for them. so we are conscious still about thinking about where we source and how we source for people. and then finally, a trend that is true everywhere is that when there is a seasonal event, so i think about christmas or easter or any kind of festival or holiday, people still want to treat themselves. and i think some of that may well still be a hangover from the pandemic where everybody was unable to do those things. and judith, i'm just wondering, do you see the rising costs threatening your targets? because, and correct me if i'm wrong here, but but you've said you want to double your volume of business to around $200 billion in five years. i'm just wondering, again, if these international events

People , Area , Everybody , Value , Piece , Doesn-t , Delivery , Flight , Products , Everywhere , Trend , Trust

Talking Business

could could impact on that target. world events, economies, always have an impact on businesses. but when you look at the target we set for that, which is over a five year period, and think about the businesses that we have around the world, you know, our businesses reach out to about 40% of the world's population through the countries that we operate in. i think that we're still very confident about being able to get there. and as we know, walmart, it's very well known for keeping prices low. and judith, you'll know this, some will say something that perhaps the critics will say that isn't always fair and sustainable on your suppliers. i'm just wondering, do you have a duty to them as as well as to your customers? you know, i don't think in the world, our relationships with our suppliers have ever been so important. as we seek to create value for the customers, we want to do that in partnership with suppliers. you know, we're intent on making long term investments, having strategic partnerships to help both people, both companies be able

Impact , Economies , Businesses , Target , World-events , Around-the-world , Five , World , Countries , Walmart , Keeping-prices , Population

Talking Business

to operate effectively, efficiently, and still be able to produce great quality products which customers want. judith, let's look at india. i mean, one of the biggest markets in the world, you own a majority of flipkart, that's the biggest online retailer there. is the indian consumer spending as much as you'd hoped? yeah, india is an amazing market. in fact, i'm going there next week. it is 1.4 billion people, an average age of about 28. growing middle class and increasing digital adoption. i think what we're seeing, both of our businesses there, we have two businesses. we have a flipkart business, which is a online marketplace business, and we have phonepay, which is the market leading payments business there. both have done incredibly well since we made the original investments about five years ago. and what's interesting to me there, and a bit of an insight onto the world, is the way that that country is digitising. set out from some of the actions that the government took

World , One , Products , Customers , Markets , Judith , Flipkart , Majority , Let-s-look-at-india , People , Fact , Market

Talking Business

so so far in the show, we've been talking about the new threats to food supply and how they could drive up prices. and that could mean anything from starvation for some to rising costs of living and interest rates for others. one thing is that it might touch everyone on the planet. and i tell you what, many, many people around the world also shop using my next guest company. we're talking walmart. it's the biggest retailer in the world, and she's in charge of the entire business outside of the united states. judith mckenna, a real pleasure having you on my show. and judith, on this week's show, we've been talking about the impact of extreme weather on food prices, including the ban of most rice exports from india. and just at a time, judith, when we started to see food prices falling, do you think prices will inevitably start rising again? hi, aaron. it's a pleasure to be here. listen, i think the world, the economy, this confliction of events that have happened between wheather, the challenges

Prices , Show , Costs , Some , Interest-rates , Anything , Threats , Food-supply , Starvation , Others , World , People

Talking Business

threatening your targets? because and correct me if i'm wrong here, but but you've said you want to double your volume of business to around $200 billion in five years. i'm just wondering, again, if these international events could could impact on that target world events. economies always have an impact on businesses. but when you look at the target we set for that, which is over a five year period and think about the businesses that we have around the world, you know, our businesses reach out to about 40% of the world's population through the countries that we that we operate in. that we that we operate in i think that we're still very confident about being able to get there. and as we know, wal—mart, it's very well known for keeping prices low. but... and judith, you'll know this, some will say something that perhaps the critics will say that that isn't always fair and sustainable on your suppliers. i'm just wondering, do you have a duty to them as as well as to your customers? you know, i don't think in the world, our relationships with our suppliers have ever been so important as we seek to create value for the customers

Impact , Events , Economies , Business , Businesses , World-events , Targets , Volume , 00-billion , Five , 200-billion , World