Walmart has recently launched an initiative to strengthen their commitment to American manufacturing by investing over $350 billion on products made, grown or assembled in the US. This support is expected to create more than 750,000 jobs in six priority categories: plastics, textiles, small electrical appliances, food processing, pharmaceutical and medical supplies, and Goods Not For Resale (GNFR).
In a statement
yesterday, Walmart's President & CEO John Furner discusses the company's long history of investing back into American soil. This initiative is intended to be a continuation of Sam Walton’s “Bring it Home to the USA” campaign, which launched in 1985.
In 2013, Walmart invested a monumental $250 billion in home-grown products but still believes there is more to do today. Now more than ever, businesses are choosing to establish their manufacturing operations domestically, resulting in A LOT more jobs for Americans.
In addition to creating jobs, the commitment will help avoid a monstrous 100 million metric tons of CO2 emissions by sourcing products closer to home. This will also catalyze an increase in spending and support for US-based small businesses and diverse suppliers.
Entrepreneurs also have the opportunity to become a Walmart supplier by taking part in the company's annual Open Call
events, where anyone with a shelf-ready product that supports American jobs can pitch. This year’s event will be held virtually on June 30. -Walmart