But providing affordable goods isn’t the only way we aim to make an impact. We’re also heavily invested in the communities we serve. One part of that is our commitment to source an additional $250 billion in products made, assembled or grown in the U.S.
Not only does manufacturing products domestically create jobs – in many cases, it’s more efficient. Manufacturing goods closest to the point of sale allows for quicker turnaround time from factory to shelf. It’s good for business, good for customers and good for our stores.
While products are a big part of this commitment, innovation is another key way we can make a difference. Along with the Walmart Foundation and the U.S. Conference of Mayors, we’re awarding grants for research on ways to make manufacturing easier, such as this project from Cornell University that is helping to turn recycled clothes into new ones.
Here’s a quick look at the key points of our pledge.
On June 28, Walmart will host its U.S. Manufacturing Summit and Open Call for products that support American jobs. Learn more about these two events here.