Walmart has enlisted the Reshoring Initiative to be part of a company program that helps suppliers manufacture more products in the U.S.
Walmart has committed to increase its U.S. purchases by $50 billion annually by January 2023.
“We estimate the company’s increased purchases will add 300,000 U.S. manufacturing jobs,” said Harry Moser president of the Reshoring Initiative.
The new program provides direct, personal access to 35 manufacturing trade associations, companies, banks, U.S. Commerce Department offices and other groups. Each group has assigned dedicated resources to help companies develop and implement plans to produce or source more domestically produced goods.
The program launch was coordinated with Walmart's Open Call and U.S. Manufacturing Summit in Bentonville, Arkansas, which was attended by the U.S. Commerce Secretary, two governors and current and prospective suppliers.
The Reshoring Support page on Walmart’s JUMP (Jobs in U.S. Manufacturing Portal) site links to the Reshoring Initiative’sResources for Retail Suppliers page, which contains resources to facilitate and accelerate supplier efforts. Issues from product selection, to cost reduction, managing the transition to reshoring and financing are included for large, small, foreign and domestic companies. The resources offer guidance to help manufacturers select products and succeed in profitably producing or sourcing products in the United States.
“When Walmart committed to buy an additional $250 billion over 10 years in products that support American jobs, we knew we could also play an important role as facilitator and accelerator,” said Cindi Marsiglio, vice president of U.S. manufacturing at Walmart. “We created Walmart-Jump.com to help companies find resources on manufacturing in the U.S. The Reshoring Initiative’s support page is a great addition to that resource library.”
Harry Moser noted, “Based on published articles accessible in our Library, the Reshoring Initiative concludes that Walmart has supported at least 43 suppliers to add 4,579 or more U.S. manufacturing jobs so far, and is currently the largest force driving reshoring. The Reshoring Initiative is delighted to provide these resources to accelerate this effort. We call on other retailers to get on board.”
The Reshoring Initiative seeks to expand the scope and impact of the Resources for Retail Suppliers page by incorporating expertise from additional sources and adding more participating retailers.