Walmart Inc. Presents at COVID-19: Supply Chain Risk Management, May-22-2020 - NYSE:WMT

NYSE:WMT

Certainly. Below are the detailed statements made by Joshua Buchanan, the Former Director of Supply Chain Design & Innovation at Walmart International, during the COVID-19 Supply Chain Risk Management presentation:

1. Introduction:

   • "Good morning, everyone. My name is Josh Buchanan. I work for Walmart International in Bentonville, Arkansas."
   • "In all of our 10 international markets, this crisis has affected us differently and the same. We have some common problems and different problems."
   • "Super excited to be here this morning. I work in supply chain design and innovation with our partners in our international markets."

2. On Risk Appetite and Contingency Planning:

   • "I'm not sure that I think that risk appetite inside our organization will change."
   • "I do know that in our processes of refreshing supply chain strategies annually for our international partners, we're going to see all the leaders that are reviewing those strategies are going to have this as a lens for the very near future, right?"
   • "It's going to be a value on agility and contingency planning and those supply chain strategies, right?"
   • "The ability to react to something that we would have said was completely off the board just 6 months ago."
   • "Now suddenly, there's not going to be a dismissal of what people would say would be impossibilities."

3. On Network Design and Contingency Planning:

   • "What Gary just said, right, we're accelerating how often and how fast we need to do it."
   • "We're looking at scenarios that we've never contemplated before, right? We're doing a lot of worst-case scenarios about turning off different nodes if they're impacted, what that would mean."
   • "How we would react and writing up contingency plans that hopefully never get used."
   • "It's giving us also probably a lot better insight in all levels of the organization."
   • "All in all, how critical or the – basically, the critical nature of each node, right?"
   • "There are some that if they went down, wouldn’t – would bother us, but wouldn't be a disaster, and there's others that would be a serious issue for our partners in international, right?"
   • "And so as we weigh the difference between those type nodes and we start looking at the ability to react, if we lose a [indiscernible] distribution center, for example, much harder than if we lost an [indiscernible] distribution center somewhat, right?"
   • "Much harder to replace space in a short period of time."
   • "And so we're starting to think about inter network design on about how we would approach contingency and ability in that particular vein, right?"

4. On Inventory Policies:

   • "Inside Walmart, you are seeing – think of as modeling channel shifts, right, moving things from being cross-docked to being stable-stocked based on the nature of the products and the ability to source it."
   • "As we are working on how we change that from a – in this environment versus where we were last year, right?"
   • "And how we'd be able to dynamically or change those type settings faster in order to be able to react faster in one of these crises."

These statements provide insight into Walmart International's approach to supply chain design and innovation, particularly in the context of contingency planning and network design.