Sorry I haven't been following lately...and I have to add this to this thread due to the relation it has to buying american from big companies. I am not a big fan of Walmart especially not the local one here but in filing a complaint against them in the Tire Department this morning I did find this article on their website: Momentum Builds for Domestic Sourcing Initiative Michelle Gloeckler is senior vice president of the home category at Walmart U.S. Walmart U.S. president and CEO Bill Simon laid out a grand vision for reviving the national economy earlier this year when he delivered a keynote speech at the National Retail Federation annual meeting. Simon's plan involved increasing hiring.... increasing consumer spending through the sourcing of an additional $50 billion in domestically manufactured goods over the next 10 years. WSN: FIFTY BILLION IS A BIG NUMBER. HOW DID WALMART ARRIVE AT THAT FIGURE AS A DOMESTIC SOURCING GOAL? MG: The $50 billion we’ve committed over 10 years is additional growth on top of the two-thirds we’re already spending to buy products that are made, sourced or grown in the United States. That growth will include dollars that we aren’t currently spending on products that we’re not offering today, as well as growth in existing products and shifting existing items to U.S. production. As an industry, with other retailers’ participation we could set our sights higher to drive $500 billion in new purchases over the next 10 years. That’s what an American renewal looks like. MG: Growing the economy and creating jobs are at the heart of our national political conversation today. It will take all of us doing our part — business, government, labor, nonprofits and private citizens. The retail industry must help lead, and we need to start now.
WSN: ARE THERE CERTAIN CATEGORIES WHERE IT MAKES MORE SENSE THAN OTHERS TO ONSHORE PRODUCTION?
MG: 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 create U.S. production in key areas like textiles, furniture, pet supplies, some outdoor categories and higher-end appliances. These are just a few examples. We are looking at many more. WSN: THE $50 BILLION IS A 10-YEAR GOAL, SO HOW DO YOU SEE THE OPPORTUNITIES UNFOLDING ACROSS CATEGORIES IN THE SHORT TERM VERSUS THE LONG TERM? MG: This 10-year timeframe reflects the longer lead times for bringing facilities online. We’re having discussions with suppliers about their challenges, and offering our guidance and facilitation to move this initiative forward. At the same time, we’ve already seen some successes. WSN: ARE THERE OTHER EXAMPLES? MG: As a result of Walmart’s partnership with Sleep Studio, 20% of Walmart’s memory foam mattress topper business will now be manufactured in the United States in 2013. Previously 100% of Walmart’s 1.5-in. memory foam topper was produced by two suppliers overseas. It’s worth noting that the in-country demand for these items was rising, so the previous overseas factories are still producing 1.5-in. memory foam. In addition, by partnering with retailers such as Walmart, Coleman has brought valuable manufacturing back to the United States for its hardside cooler and personal floatation device businesses. Overall these two initiatives have resulted in more than 160 incremental manufacturing jobs in the United States and will result in more than 1.8 million units of product for Walmart domestically.
Keep up the effort. Remember I didn't think you'd make it past April!!!
YAY!!!! I know I can't claim to be the catalyst, never shop at Walmart, and really only have 3 followers - lol, but am glad to see this change in our country. It's what made us who we are. I've heard Chevron & BP are also putting a lot of money back into our country. What a great trend! Keep it up America!!!!
Sorry I haven't been following lately...and I have to add this to this thread due to the relation it has to buying american from big companies. I am not a big fan of Walmart especially not the local one here but in filing a complaint against them in the Tire Department this morning I did find this article on their website:
ReplyDeleteMomentum Builds for Domestic Sourcing Initiative
Michelle Gloeckler is senior vice president of the home category at Walmart U.S.
Walmart U.S. president and CEO Bill Simon laid out a grand vision for reviving the national economy earlier this year when he delivered a keynote speech at the National Retail Federation annual meeting. Simon's plan involved increasing hiring.... increasing consumer spending through the sourcing of an additional $50 billion in domestically manufactured goods over the next 10 years.
WSN: FIFTY BILLION IS A BIG NUMBER. HOW DID WALMART ARRIVE AT THAT FIGURE AS A DOMESTIC SOURCING GOAL?
MG: The $50 billion we’ve committed over 10 years is additional growth on top of the two-thirds we’re already spending to buy products that are made, sourced or grown in the United States. That growth will include dollars that we aren’t currently spending on products that we’re not offering today, as well as growth in existing products and shifting existing items to U.S. production. As an industry, with other retailers’ participation we could set our sights higher to drive $500 billion in new purchases over the next 10 years. That’s what an American renewal looks like.
MG: Growing the economy and creating jobs are at the heart of our national political conversation today. It will take all of us doing our part — business, government, labor, nonprofits and private citizens. The retail industry must help lead, and we need to start now.
WSN: ARE THERE CERTAIN CATEGORIES WHERE IT MAKES MORE SENSE THAN OTHERS TO ONSHORE PRODUCTION?
MG: 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 create U.S. production in key areas like textiles, furniture, pet supplies, some outdoor categories and higher-end appliances. These are just a few examples. We are looking at many more.
WSN: THE $50 BILLION IS A 10-YEAR GOAL, SO HOW DO YOU SEE THE OPPORTUNITIES UNFOLDING ACROSS CATEGORIES IN THE SHORT TERM VERSUS THE LONG TERM?
MG: This 10-year timeframe reflects the longer lead times for bringing facilities online. We’re having discussions with suppliers about their challenges, and offering our guidance and facilitation to move this initiative forward. At the same time, we’ve already seen some successes.
WSN: ARE THERE OTHER EXAMPLES?
MG: As a result of Walmart’s partnership with Sleep Studio, 20% of Walmart’s memory foam mattress topper business will now be manufactured in the United States in 2013. Previously 100% of Walmart’s 1.5-in. memory foam topper was produced by two suppliers overseas. It’s worth noting that the in-country demand for these items was rising, so the previous overseas factories are still producing 1.5-in. memory foam. In addition, by partnering with retailers such as Walmart, Coleman has brought valuable manufacturing back to the United States for its hardside cooler and personal floatation device businesses. Overall these two initiatives have resulted in more than 160 incremental manufacturing jobs in the United States and will result in more than 1.8 million units of product for Walmart domestically.
Keep up the effort. Remember I didn't think you'd make it past April!!!
YAY!!!! I know I can't claim to be the catalyst, never shop at Walmart, and really only have 3 followers - lol, but am glad to see this change in our country. It's what made us who we are. I've heard Chevron & BP are also putting a lot of money back into our country. What a great trend! Keep it up America!!!!
ReplyDeleteMainly because my refrigerator is starting to make noises....
ReplyDelete