The impact of COVID-19 on Walmart's profitability
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Huiting Lin
CoPIs:
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College:
College of Business and Public Management
Major:
Finance
Faculty Research Advisor(s):
Huaibing Yu
Abstract:
The COVID-19 pandemic has had a huge impact on the world economy, bringing both challenges and opportunities. In this context, Walmart as one of the world's largest retailers, is a key case study. The COVID-19 pandemic has affected Walmart in many ways. The pandemic has prompted a shift in consumer behavior, with lockdowns and social distancing measures forcing consumers to change their shopping habits. Consumer demand for cleaning supplies and personal protective equipment such as masks has surged. At the same time, COVID-19 has prompted Walmart to beef up its e-commerce capabilities, strengthen in-store security measures, and optimize its supply chain (because COVID-19 caused disruptions to global supply chains, leading to challenges in sourcing products and increased transportation costs). That's why the coronavirus pandemic will have an impact on Walmart's profitability. Therefore, this paper will study the impact of COVID-19 on Walmart's profitability by analyzing four values: revenue, profit margin, return on assets (ROA), and return on equity (ROE).