ARKANSAS – US retailer Walmart has pledged US$350 billion to support the nearshoring of product manufacturing over the next decade.
The company has identified six product categories that it’ll focus on, including textiles, plastics and ‘goods not for resale’. According to data it cites from Boston Consulting Group, by manufacturing closer to home it could eradicate upwards of 100 million metric tonnes of CO2 from its supply chain in the next 10 years.
John Furner, CEO of Walmart US, said: “US manufacturing really matters. It matters to our suppliers, to entrepreneurs and to the environment. It matters to our customers and most of all, because of the jobs it brings, it matters to American communities and the people who live in them.”