Walmart Will Help U.S. Onshoring of Appliance Production
Walmart committed to increase domestic U.S. sourcing of the products it sells, including taking steps to help onshore manufacturing of appliances.
Walmart U.S. President and CEO Bill Simon made the announcement while speaking at the National Retail Federation's annual BIG Show.
Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. The retailer will help grow U.S. manufacturing on two fronts:
* By increasing what it already buys in the United States.
* By helping to onshore U.S. production in high potential product areas