He says that Walmart would invest heavily in shops, create jobs, plough profits back into food-supply and cold-storage infrastructure and help to tame food inflation by keeping prices for staple foods low.
While price pressures have eased for most commodities, food inflation is still accelerating at a worrying pace due to inefficient storage and distribution facilities for farm produce, which lead to regular supply shortages.
The recent Food Safety Modernization Act extends these guidelines with new requirements for FDA regulated food companies to establish food defense plans to protect these highest risk production and storage areas.