US retail giant Wal-Mart has revealed that it will be more readily pursuing a policy of supporting US manufacturing firms by purchasing US manufactured goods.
The firm put forward a further $250bn until 2023 that will be used to support American jobs through the purchase of US manufactured products.
“American manufacturers are essential to building and maintaining a robust economy,” said Dan Bartlett, Walmart Vice President for Corporate Affairs, speaking to Dayton Daily News about the program.
“We are committed to doing our part to support American manufacturers and the U.S. based jobs they create by continuing to source more U.S. made products and we want to do more.”
Wal-Mart’s initiative, “A policy roadmap to renew US manufacturing” has been running since 2013, and after four years is now geared towards ensuring that government and industry leaders work together to ensure that the US manufacturing sector continues to flourish.
“By investing in products that support American jobs, we are able to bring new products to our shelves that our customers want and new jobs to the communities we serve,” said Greg Foran, President and CEO of Wal-Mart US.
“Increasing domestic manufacturing will help create additional jobs in the US, and that’s good for American businesses.”
The company’s policy roadmap includes 10 policy actions, including tax reform and trade agreements, that it believes need to be worked towards.