Executive Briefings

Walmart Chief Vows to Increase U.S. Sourcing, Promote Onshoring Appliance Manufacturing

Walmart committed to increase domestic U.S. sourcing of the products it sells, including taking steps to help onshore manufacturing of appliances.

Walmart U.S. President and CEO Bill Simon made the announcement while speaking at the National Retail Federation's annual BIG Show.

Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. He says the retailer will help grow U.S. manufacturing on two fronts:

* By increasing what it already buys in the United States.
* By helping to onshore U.S. production in high potential product areas, such as higher-end appliances.

"At the heart of our national political conversation today is one issue: creating jobs to grow the economy," said Simon. "We are meeting with our suppliers on domestic manufacturing and are making a strong commitment to move this forward."

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Walmart U.S. President and CEO Bill Simon made the announcement while speaking at the National Retail Federation's annual BIG Show.

Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. He says the retailer will help grow U.S. manufacturing on two fronts:

* By increasing what it already buys in the United States.
* By helping to onshore U.S. production in high potential product areas, such as higher-end appliances.

"At the heart of our national political conversation today is one issue: creating jobs to grow the economy," said Simon. "We are meeting with our suppliers on domestic manufacturing and are making a strong commitment to move this forward."

Read Full Article