Walmart Is Helping Its Suppliers Get Loans
Walmart (NYSE: WMT) has been an essential retailer during the coronavirus pandemic. The company has kept its stores open and has stepped up delivery to keep its customers supplied with the items they need to get by during an extended period of isolation.
But while the chain is selling a lot of food, cleaning supplies, and other essentials, it may not be moving many items that typically fly off its shelves. That could hurt some of its 18,000 suppliers -- two-thirds of which are small and medium-sized companies -- and Walmart is taking action to help them.
Walmart is helping its smaller suppliers get access to capital. Image source: Walmart.
Source Fool.com
