Walmart Gets Behind U.S. Manufacturing With 10-Year, $350 Billion Investment

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Walmart gets behind U.S. manufacturing with a 10-year, $350 billion investment

In 2013, Walmart pledged to spend $250 billion over 10 years on products made in the U.S. At the time, the retailer said that two-thirds of what it bought was already made or grown in the U.S. “We’re on track to deliver this promise, but we can do more,” said John Furner, president and CEO of Walmart U.S. The retailer launched the 2013 effort after criticism from unions and others who said its emphasis on low-priced goods was undermining U.S. jobs.

Citing supplier Techtronic Industries in Anderson, South Carolina, which assembles items sold in Walmart stores and on Walmart.com, Furner said the 1,500-person plant plans to double its headcount over the the next two years. “We want more American communities to see these benefits,” Furner said. “That’s why we’re strengthening our commitment to U.S. manufacturing.”

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That should make for an excellent tax write-off!

I am recently in your country, looking for new friends

Solid!

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