Is Walmart Committed to Building American Manufacturing? Find Out for Yourself
Americans have a love/hate relationship with Walmart. Manufacturers in particular have a love/hate relationship with Walmart. Earlier this year Bill Simons made a commitment to boost America's retail manufacturing by buying
"An additional $50 billion in U.S. products over the next ten years – a timeframe that reflects the lead times for bringing facilities online. We’ve appointed a senior team within Walmart to lead this effort. And we’ve decided we will sign longer-term purchase agreements when it makes sense to give suppliers the certainty to invest here.
Walmart and Sam’s Club will grow U.S. manufacturing on two fronts: by increasing what we already buy here – in categories like sporting goods, apparel basics, storage products, games, and paper products. And by helping on-shore U.S. production in high potential areas like textiles, furniture, pet supplies, some outdoor categories, and higher end appliances. These are just a few examples; we’re looking at many more."
Whether this is happening remains to be seen. For the full presentation CLICK HERE and judge for yourself. In a follow up to his first quarter speech Walmart is holding a US Manufacturing Summit Webcast THURSDAY, AUGUST 22, 2013 at 1pm ET. You can also follow the conversation on Twitter.