{"id":449771,"date":"2021-03-03T10:33:11","date_gmt":"2021-03-03T15:33:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449771"},"modified":"2021-03-03T10:33:11","modified_gmt":"2021-03-03T15:33:11","slug":"walmart-announces-350-billion-commitment-to-u-s-manufacturing-supporting-more-than-750000-american-jobs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-announces-350-billion-commitment-to-u-s-manufacturing-supporting-more-than-750000-american-jobs\/","title":{"rendered":"Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs<\/b><\/p>\n<p class=\"bwalignc\"><i>Walmart strengthens its commitment to U.S. manufacturing with a $350-billion investment over the next 10 years and announces the launch of \u201cAmerican Lighthouses,\u201d a collaborative program to better sustain manufacturing in strategic regions of the country<\/i><\/p>\n<p>BENTONVILLE, Ark.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday, 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. The retailer estimates that this spend will support more than 750,000 new American jobs.<sup>1<\/sup><\/p>\n<p>\nIn 2013, Walmart made a commitment to invest $250 billion in products made, grown, or assembled in America. Walmart is on track to deliver on that commitment \u2013 and expand on it with today\u2019s announcement.\n<\/p>\n<p>\n\u201cU.S. manufacturing really matters,\u201d said John Furner, President &amp; CEO, Walmart U.S., who made the announcement at Techtronic Industries (TTI) in Anderson, S.C. \u201cIt matters to our suppliers, to entrepreneurs and to the environment. It matters to our customers \u2013 more than 85 percent of which have said it\u2019s 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.\u201d\n<\/p>\n<p>\nWalmart 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).\n<\/p>\n<p>\nThe impact of this commitment goes beyond products and jobs. It could result in an estimated reduction of as much as 100M metric tons of CO<sub>2<\/sub> emissions avoided by sourcing closer to customers,<sup>2<\/sup> as well as an increase in spending with diverse suppliers based in the U.S.\n<\/p>\n<p>\nIn addition, Walmart will launch a new concept called \u201cAmerican Lighthouses,\u201d with the goal of supporting U.S. manufacturing in a sustainable, long-term way. The retailer plans to unite key stakeholders in specific regions of the country to identify and overcome barriers to U.S. production. 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.\n<\/p>\n<p>\nWalmart\u2019s announcement drew bipartisan support from federal officials who represent states that are home to Walmart suppliers.\n<\/p>\n<p>\n\u201cIt is an honor to have Walmart\u2019s CEO John Furner launch the company\u2019s 10-year investment from TTI\u2019s Anderson, South Carolina, facility,\u201d said U.S. Senator Tim Scott, a Republican from South Carolina. \u201cI am passionate about bolstering the American supply chain and creating more high-paying jobs in South Carolina and for folks all across the country. Congratulations and thank you to Walmart for the great impact you will continue to make on our nation\u2019s economy.\u201d\n<\/p>\n<p>\n\u201cI want to congratulate Walmart on increasing its commitment to U.S. manufacturing,\u201d said U.S. Senator Chris Coons, a Democrat from Delaware, home to Zenith Home Corp.\/Maytex manufacturing. \u201cZenith\/Maytex manufactures and assembles home fashion products we can see on store shelves in our local Walmart, and the company has been able to strengthen its operations with help from the Delaware Manufacturing Extension partnership. We\u2019re proud that Zenith\u2019s story of investing in the U.S. is one today\u2019s announcement aspires to replicate across the country.\u201d\n<\/p>\n<p><b>About Walmart<br \/>\n<br \/><\/b>Walmart Inc. (NYSE: WMT) helps people around the world save money and live better &#8211; anytime and anywhere &#8211; in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.walmart.com%2F&amp;esheet=52389990&amp;newsitemid=20210303005696&amp;lan=en-US&amp;anchor=corporate.walmart.com&amp;index=1&amp;md5=06dcae476166308b4d5a3a07115c1d3e\">corporate.walmart.com<\/a>, on Facebook at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Ffacebook.com%2Fwalmart&amp;esheet=52389990&amp;newsitemid=20210303005696&amp;lan=en-US&amp;anchor=facebook.com%2Fwalmart&amp;index=2&amp;md5=69cbdd16e605757f086db4252609d520\">facebook.com\/walmart<\/a> and on Twitter at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2Fwalmart&amp;esheet=52389990&amp;newsitemid=20210303005696&amp;lan=en-US&amp;anchor=twitter.com%2Fwalmart&amp;index=3&amp;md5=13647e3017dd6e63f0657cbb28c435b3\">twitter.com\/walmart<\/a>.\n<\/p>\n<p><sup>1<\/sup><i>Per Boston Consulting Group using data from the Economic Policy Institute and Bureau of Labor statistics.<br \/>\n<br \/><\/i><sup>2<\/sup> Calculated based on total spend of $350B from FY21 \u2013 FY31. Sources: Environmental Defense Fund, United Nations Conference on Trade and Development (NCTAD). Boston Consulting Group analysis.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210303005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210303005696\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210303005696\/en\/<\/a><\/span><\/p>\n<p>\nWalmart Media Relations<br \/>\n<br \/>1.800.331.0085<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fnews.walmart.com%2Freporter&amp;esheet=52389990&amp;newsitemid=20210303005696&amp;lan=en-US&amp;anchor=http%3A%2F%2Fnews.walmart.com%2Freporter&amp;index=4&amp;md5=70eda1349216d49bf0f4c1ab22f06055\">http:\/\/news.walmart.com\/reporter<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Delaware South Carolina Arkansas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Chemicals\/Plastics Discount\/Variety Environment Manufacturing Other Manufacturing Textiles<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs Walmart strengthens its commitment to U.S. manufacturing with a $350-billion investment over the next 10 years and announces the launch of \u201cAmerican Lighthouses,\u201d a collaborative program to better sustain manufacturing in strategic regions of the country BENTONVILLE, Ark.&#8211;(BUSINESS WIRE)&#8211; 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. The retailer estimates that this spend will support more than 750,000 new American jobs.1 In 2013, Walmart made a commitment to invest $250 billion in products made, grown, or assembled in America. Walmart is on track to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-announces-350-billion-commitment-to-u-s-manufacturing-supporting-more-than-750000-american-jobs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449771","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-announces-350-billion-commitment-to-u-s-manufacturing-supporting-more-than-750000-american-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walmart Announces $350 Billion Commitment to U.S. Manufacturing, Supporting More Than 750,000 American Jobs Walmart strengthens its commitment to U.S. manufacturing with a $350-billion investment over the next 10 years and announces the launch of \u201cAmerican Lighthouses,\u201d a collaborative program to better sustain manufacturing in strategic regions of the country BENTONVILLE, Ark.&#8211;(BUSINESS WIRE)&#8211; 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. The retailer estimates that this spend will support more than 750,000 new American jobs.1 In 2013, Walmart made a commitment to invest $250 billion in products made, grown, or assembled in America. 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The retailer estimates that this spend will support more than 750,000 new American jobs.1 In 2013, Walmart made a commitment to invest $250 billion in products made, grown, or assembled in America. 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