Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

Escrito el 22 Jan 2013
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NEW YORK - PRNewswire-HISPANIC PR WIRE/ -- Walmart today announced bold commitments to increase domestic sourcing of the products it sells and help veterans find jobs when they come off active duty. Speaking at the National Retail Federation's annual BIG Show, Walmart U.S. President and CEO Bill Simon also announced the company is helping part-time associates who want to be full time, make that transition. "We want all of our associates to find the career opportunities they want with Walmart," said Simon. "We will make sure part-time associates have full visibility into full-time job openings in their stores and nearby stores, and that they always have first shot at those jobs. We will also bring more transparency to our scheduling system so part-time workers can choose more hours for themselves."
On domestic sourcing, Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. The company will grow U.S. manufacturing on two fronts: by increasing what it already buys here – in categories like sporting goods, apparel basics, storage products, games, and paper products, and by helping to onshore U.S. production in high potential areas like textiles, furniture and 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." A popular misconception about Walmart is where the majority of the products on its shelves are sourced. According to data from its suppliers, items that are made here, sourced here, or grown here account for about two-thirds of what the company spends to buy products at Walmart U.S. The company sees room to do more.
To help achieve this commitment, Walmart has created a senior team within the company to lead this effort and it will sign longer term purchase agreements to give suppliers more certainty. "We can do so much more by working in partnership – as an industry and with governments," said Simon. "I've talked with a number of governors, including the incoming chair of the National Governors Association, Oklahoma Governor Mary Fallin, about how governors and retailers and manufacturers can drive this issue together. Governors from both sides of the aisle are enthusiastic about getting their constituents back to work." This summer, Walmart will help convene a manufacturing summit for stakeholders to work together and help accelerate these changes.
Beginning Memorial Day, Walmart will offer a job to any honorably discharged veteran in his or her first 12 months off active duty. Most of these jobs will be in Walmart stores and clubs, and some will be in distribution centers and the Home Office. "Hiring a veteran can be one of the best business decisions you make," said Simon. "Veterans have a record of performance under pressure. They're quick learners and team players. They are leaders with discipline, training, and a passion for service. There is a seriousness and sense of purpose that the military instills, and we need it today more than ever."
Walmart's pledge is not the end of this effort; it's the beginning. The company projects it will hire more than 100,000 veterans during the next five years.
"We believe Walmart is already the largest private employer of veterans in the country, and we want to hire more," added Simon. "I can think of no better group to lead in revitalizing our economy than those who have served in uniform. Through their service, veterans give us a land of freedom. When they return, it must be to a land of possibility."Walmart has spoken with the White House about this commitment.

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