Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs
Summary
BENTONVILLE, Ark.--(BUSINESS WIRE)--Today, Walmart is announcing a strengthened commitment to American jobs and communities, with a goal of investing $350 billion in the future of U.S. manufacturing over the next 10 years. It matters to our customers – more than 85 percent of which have said it’s important for us to carry products made or assembled in the U.S. And most of all, because of the jobs it brings, it matters to American communities and the people who live in them.” Walmart has identified six priority categories on which to focus its investment: textiles; plastics; small electrical appliances; food processing; pharmaceutical and medical supplies; and Goods Not For Resale (GNFR). It could result in an estimated reduction of as much as 100M metric tons of CO emissions avoided by sourcing closer to customers,2 as well as an increase in spending with diverse suppliers based in the U.S. These Lighthouses will bring together participants from the supplier community, including manufacturers and NGOs, as well as others from academia, government, and local economic development groups. “It is an honor to have Walmart’s CEO John Furner launch the company’s 10-year investment from TTI’s Anderson, South Carolina, facility,” said U.S.