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COMING UP:Share Opener Variant 2

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00:00:00
food suppliers in Mexico were eager to do business with Amazon last fall when the economist giants started selling non perishable food in the country but is competition between Amazon and wal Mart's Mexico unit heated up some of those suppliers say they felt they had to pick sides Reuters correspondent Dana best Solomon , even though suppliers said they had no say in how much Amazon was charging for their products as a result of that pressure and the worry that Walmart could just pull them out all together some suppliers pull their products off of Amazon to suppliers to stop selling to Amazon told Reuters that Walmart accounts for more than half of their supermarket sales in Mexico the tough tactics below the southern border come as these two giants battle for supremacy in one of their most important regions Mexico is a critical foreign market for both Amazon and Walmart for Walmart its biggest overseas market by number of stores and the second biggest in sales after the U. K. right in line with Canada meanwhile Amazon is in ramping up you're very quickly since getting started in two thousand fifteen and even though it's not selling fresh foods yet Walmart still sees it as a threat to its dominance Amazon declined to comment and Walmart would not discuss its competition with the online retailer in Mexico nor the allegations made by suppliers it told Reuters it does not dictate whom vendors can do business with but it it knowledge did always presses for the lowest prices particularly if competitors are giving shoppers a better deal one analyst told Reuters Walmart wants to avoid a repeat of its US experience where Amazon quickly took the lead in online grocery sales