BENTONVILLE, AR—Walmart says it is increasing its commitment to American jobs and communities by investing $350 billion over the next 10 years in U.S. manufacturing. The retailer estimates the spending to support more than 750,000 new American jobs.
In 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 and expand on it with this latest announcement.
Walmart 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).
The impact of this commitment could also result in an estimated reduction of as much as 100 million metric tons of CO2 emissions avoided by sourcing closer to customers, as well as an increase in spending with diverse suppliers based in the U.S.
In addition, Walmart will launch a new concept called “American Lighthouses,” 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.
Walmart’s announcement drew bipartisan support from federal officials who represent states that are home to Walmart suppliers.