Walmart said it plans to spend an additional $350 billion on products made, assembled or grown in the U.S. over the next decade.
A worker delivers groceries to a customer's vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020.said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown or assembled in the U.S.
As the world's largest retailer by revenue, Walmart has faced criticism from labor advocates and others for driving down prices in a way that pushes more manufacturing and jobs oversees. The company responded in 2013 by pledging to buy $250 billion in U.S. goods by 2023. Wednesday's announcement represents a step up from that commitment.
In a post on the company's website on Wednesday, Walmart U.S. CEO John Furner said the effort benefits the environment and economy. He said it will reduce the company's carbon footprint by sourcing goods closer to customers, create demand for more U.S. jobs and spark opportunity for more American entrepreneurs to become Walmart suppliers or sellers.
That’s a laughable amount. $7 million per state = nothing.
it's called purchasing power for a reason
😂this is a 20 year old promise...
supply chain problems ?
Do you think this is what people really need right now?
Components for the final product MAY STILL be manufactured in China. That is the REAL SECRET which is NOT being REVEALED
Well that will be inflationary for sure.
dd