New York -- Walmart plans to significantly boost its sourcing from domestic suppliers over the next decade. The plan was announced during an address by Bill Simon, Walmart U.S. president and CEO, at the National Retail Federation's annual convention in New York. Simon also announced the company is committed to helping part-time associates who want to be full time, make that transition.
“We want all of our associates to find the career opportunities they want with Walmart," said Simon. "We will make sure part-time associates have full visibility into full-time job openings in their stores and nearby stores, and that they always have first shot at those jobs. We will also bring more transparency to our scheduling system so part-time workers can choose more hours for themselves."
On domestic sourcing, Walmart and Sam's Club will buy an additional $50 billion in U.S. products over the next 10 years. The company will grow U.S. manufacturing on two fronts: by increasing what it already buys here – in categories like sporting goods, apparel basics, storage products, games, and paper products, and by helping to onshore U.S. production in high potential areas like textiles, furniture and higher-end appliances.
"At the heart of our national political conversation today is one issue: creating jobs to grow the economy," said Simon. "We are meeting with our suppliers on domestic manufacturing and are making a strong commitment to move this forward."
To help achieve this commitment, Walmart has created a senior team within the company to lead this effort and it will sign longer term purchase agreements to give suppliers more certainty.