Gian Carlo Nucci, Executive VP and COO of Walmex, subsidiary of Walmart, largest global retailer and 1 on the Fortune 500
The coveted N1 spot on the Fortune 500 list is consistently occupied by none other than retail giant Walmart
. It is the largest public corporation ranked by revenue and the world's 18th largest public corporation according to the Forbes Global 2000 list. Employing over 2 million people worldwide, it is the largest retailer in the world with 10,130 stores in 27 countries. In 2011, Walmart of Mexico and Central America
experienced its highest level of sales in its history of 26 billion USD, representing an increase of 13.3% from the previous year. It also created more than 50,000 new jobs with plans of developing an additional 25,000 positions in 2012.
Walmart's contributions are not limited to the sphere of corporate success, it is also a leader in global philanthropy. Walmart launched its Women in Factories program in order to empower 60,000 women working in the factories that supply products to Walmart and other retailers in India, Bangladesh, China, and Central America. The program will include classes on critical life skills related to communication, hygiene, reproductive health, occupational health and safety, identifying personal strengths, and gender sensitivity. Up to 8,000 women will also receive leadership training to develop the work and life skills necessary for personal and career development. Empowering women not only improves their lives but it is also good for customers and business across the industry
, says Michelle Gloeckler, senior vice president of Home for Walmart. By educating and empowering women in factories and creating a stronger supply chain, suppliers realize greater efficiencies in their factories, which should result in higher quality products, lower prices, and more reliable product availability for customers
Along the same lines, U.S. Secretary of State Hillary Clinton and Walmart have created an initiative to economically empower up to 55,000 women in Latin America and the Caribbean. According to Walmart President and CEO Mike Duke, These partnerships will not only change the lives of the women we'll reach, but also improve the lives of their families and their entire communities. By working with leaders like Secretary Clinton, we're bringing that mission to life
. The 12 million USD that Walmart committed will go towards projects such as Secretary Clinton's International Fund for Women and Girls, designed to provide financial support to women entrepreneurs in rural and indigenous communities, Vital Voices, an NGO focused on women's leadership potential and long-term support to grow small businesses, and the New Employment Opportunities Initiative, aimed at education as a means for young people to take control of their futures.
Collaboration with prominent world leaders is not limited to Secretary Clinton
, Walmart has also joined with First Lady Michelle Obama to launch the companys Nutrition Charter. As America's largest grocer, Walmart has the capability of transforming the food consumption habits of families across the nation by offering more nutritious food products at lower prices and better informing consumers about healthier options. At first, First Lady Michelle Obama had doubts about the viability of making an impact on a problem as large and complicated as childhood obesity, but she stated, When I see a company like Walmart launch an initiative like this, I feel more hopeful than ever before that the answer to these questions is yes
. According to Bill Simon, CEO of Walmart US, We have the tools at our disposal, all we need is the motivation, the opportunity, and the willpower to do what needs to be done
of Mexico and Central America is the largest subsidiary of the mega retailer outside of the U.S. with 6.81 billion USD in sales and 2,765 stores in Costa Rica, Guatemala, Honduras, El Salvador, Mexico and Nicaragua. It is the second most important company in the Consumer Price Index of Mexico and the third largest market value on the Mexican Stock Exchange.
Walmart's continued commitment to improving not only the quality of their business processes and products, but also the quality of life as a whole for the entire global community has been honored by BID
Gian Carlo Nucci, the Executive Vice President and Chief Operating Officer in Mexico and Latin America, received BID Awards in subsequent years from Jose E. Prieto, President and CEO of BID
, at the 2010 convention in London, and the 2011 convention in Geneva.