More than 500 suppliers pitching products that support American jobs; very likely some products to be signed on the spot
BENTONVILLE, Ark., July 8, 2014 – For the first time ever, Walmart is opening its doors to more than 500 manufacturers today at its world headquarters during the company’s first-ever “Made in the USA” open call. During the event, suppliers will meet with the company’s senior leaders and merchants to pitch their products for stores, clubs and online.
To watch the general session webcast, which begins at 9 a.m. CDT, go to corporate.walmart.com. To watch highlights from the event, click below.
“In an unprecedented event, we are opening our doors and making our buyers available to meet with suppliers with one goal in mind: buy more American products,” said Bill Simon, president and chief executive officer of Walmart U.S. “When we buy new products, suppliers hire people to make those products. These American jobs build families and communities, and they help our country thrive. That’s really what our domestic manufacturing commitment is all about.”
10 years, Walmart will spend an additional $250 billion on products supporting
domestic manufacturing and American jobs. Walmart will accomplish this goal by pursuing a multi-pronged
approach that includes increasing what it already buys of U.S. manufactured
goods, sourcing ‘new to Walmart’ U.S. manufactured goods, and supporting the
re-shoring of manufacturing of the goods it currently buys.
Examples of products being pitched today include:
- Sleeping Bags
- Bed Sheets
- Shower Curtains
- Trash Bags
- TV Wall Mounts
- Car Adaptors for Electronics
- Office Supplies
- Plastic Toys
“By hosting the open call, we will be able to discover new products that we didn’t know were out there,” added Simon. “We’re excited to find new items that will delight our customers at prices they can afford. This is not a program or a promotion – this is economics. For many products, the math simply works.”
The Open Call is about more than just manufacturers pitching products. One of Walmart’s goals for the event is for people to leave better informed than when they arrived. To help achieve this aim, the company’s experts will host a series of educational breakout sessions on key merchandise topics, including:
- Labeling and Packaging
- Product Compliance
- Supplier Administration
- The Walmart Customer
- Supplier Diversity
“Increasing Walmart’s purchases that support American jobs makes sense for our customers, our communities and our company,” said Michelle Gloeckler, Walmart’s executive vice president of consumables and U.S. manufacturing. “Our customers have told us they want to buy products that support their communities, and with changes in energy and automation processes overseas, it is increasingly cost-effective and efficient to manufacture closest to the point of consumption. We can better respond to trends and customer demand while providing great products at affordable prices.”
According to data from Walmart’s suppliers, items that are made, sourced, assembled or grown in America already account for about two-thirds of what Walmart U.S. spends to buy products.
To find out how the day went and learn about deals that happen, RSVP by 2 p.m. central time today to join the media conference call at 4 p.m. central. RSVP to Katie Cody at 1-800-331-0085 or news.walmart.com/reporter.
Learn more about Walmart’s domestic manufacturing commitment at http://corporate.walmart.com/global-responsibility/us-manufacturing, and to find more details on becoming a Walmart supplier, visit http://www.corporate.walmart.com/suppliers/apply-to-be-a-supplier/.
Join the conversation about Open Call at #WalmartOpenCall. Click here to view photos from the event.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our almost 11,000 stores under 71 banners in 27 countries and ecommerce websites in 10 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.