Walmart Aims to Invest $350 Billion in U.S. Manufacturing Over Next 10 Years
By Michael Dabaie
Walmart said it aims to invest $350 billion in the future of
U.S. manufacturing over the next 10 years.
The retailer said it estimates this spending will support more
than 750,000 new U.S. jobs.
Walmart said that in 2013 it committed to invest $250 billion in
products made, grown, or assembled in the U.S. The retailer said it
is on track to deliver on that commitment and expand on it with
The company said it 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, such as equipment, fixtures and
Walmart will launch a new concept called "American Lighthouses"
with the goal of supporting U.S. manufacturing. The retailer plans
to bring together key stakeholders in specific regions of the
country to look at barriers to U.S. production.
These will bring together participants from the supplier
community, including manufacturers and NGOs, as well as others from
academia, government and local economic development groups.
Write to Michael Dabaie at firstname.lastname@example.org
(END) Dow Jones Newswires
March 03, 2021 11:32 ET (16:32 GMT)
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