What is the world’s largest company by turnover?

The world’s largest company by turnover is the US retail giant Walmart. Walmart has maintained its position as the world’s largest company by revenue for several years now. In 2022, Walmart’s revenue was over US$570 billion, making it by far the largest company in the world by this metric.

History and Growth of Walmart

Walmart was founded in 1962 by Sam Walton in Rogers, Arkansas. The company grew rapidly and went public in 1970. Walmart’s success is based on its ability to offer its customers a wide variety of products at affordable prices. The company is known for its efficient logistics and supply chain, which enables it to keep costs low.

Walmart’s business model

Walmart’s business model is based on high volume and low prices. The company operates both in physical stores and online, and has more than 11,000 stores in 27 different countries. Walmart stores offer a wide variety of products such as food, clothing, electronics and home goods.

Impact and Criticism of Walmart

Walmart’s impact on the global economy is significant. The company employs more than 2.2 million people, making it one of the world’s largest employers. However, Walmart’s actions have also attracted criticism. The company has been accused of, among other things, ill-treatment of employees, low wages and displacing local small businesses.

Future prospects

Walmart continues to grow and adapt to changing market conditions. The company is investing especially in e-commerce and digital services to meet the challenges of competitors such as Amazon. Walmart has also expanded into new markets and invested in sustainable development and environmentally friendly practices.

You can read more information about Walmart and its operations on, for example, Walmart’s official website and From Forbes Company Profile.