We were unable to send the article.
Walmart Inc. of Bentonville announced Wednesday it will spend an additional $350 billion over the next 10 years on items made, grown or assembled in the U.S.
This action will support an estimated 750,000 new American jobs, John Furner, president and CEO of Walmart U.S., wrote in a blog post announcing the new investment.
“U.S. manufacturing really matters. It matters to our suppliers, to entrepreneurs and to the environment. It matters to our customers — more than 85% of which have said it’s important for us to carry products made or assembled in the U.S.,” he said. “And most of all, because of the jobs it brings, it matters to American communities and the people who live in them.”
Furner said company will focus on six item categories:
- small electrical appliances;
- food processing;
- pharmaceutical and medical supplies; and
- Goods Not For Resale.
He also said the retailer expects to avoid an estimated 100 million metric tons of CO2 emissions by sourcing closer to customers, providing an opportunity for 9,000 entrepreneurs to become Walmart suppliers and sellers through the company’s annual Open Call events.
“Open Call is one of my favorite days of the whole year at Walmart. We invite basically anyone with a shelf-ready product that supports American jobs to pitch it to us,” Furner said. This year’s event will be held virtually on June 30.
Walmart is launching a concept called “American Lighthouses” as well, which Furner described as a bringing together of suppliers (including manufacturers and non-governmental organizations), academics, government and economic development groups in specific regions to identify and overcome top-down barriers to U.S. production.
The plan aims to make the supply chain more efficient and bring U.S. manufacturing back in a sustainable, long-term way, the company said.
This is not the first time Walmart has made this kind of investment. In 2013, it made a $250 billion commitment to invest in products made, grown or assembled in America.