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Thread: Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

  1. #11
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    Re: Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

    Yeah, Walmart and the billionaire trustfund baby Walton siblings are going to save America!

    I guess the billionaires hope Americans don't remember this:


    Wal-Mart’s “Buy American” program proved to be “a public relations coup historic in its dimensions,” rued Discount Store News, reflecting the chagrin of the Bentonville retailer’s competitors. By 1986, Wal-Mart stores were festooned with red-white-and-blue “Buy American” banners and counter signs proclaiming: THIS ITEM, FORMERLY IMPORTED, IS NOW BEING PURCHASED BY WAL-MART IN THE U.S.A. AND IS CREATING OR RETAINING-JOBS FOR AMERICANS! Even today, long after the company’s formal abandonment of this campaign, Wal-Mart is thought of as a more “American” firm than some of its competitors, even though they actually import fewer goods. Wal-Mart never released firm figures on the proportion of its product costs coming from overseas, but Asian procurement rose steadily during the heyday of the “Buy American” program, as the corporate buying staff in East Asia more than doubled in size.

    The real import of the “Buy American” campaign lies elsewhere. Wal-Mart would increase domestic purchasing, but the company used the prospect of such procurement as a hammer to drive down supplier costs, including wages and profits, and to transform these vendors into Bentonville pawns. “One of our big objectives” in the “Buy American” program, a Wal-Mart board member told Walton biographer Bob Ortega, “was to put the heat on American manufacturers to lower their prices.” Wal-Mart recognized that labor costs were much higher in the United States than in Central America or East Asia, but it sought to make up the difference by freezing wages and forcing logistic and production efficiencies on its suppliers. “Our American suppliers,” said Sam Walton, “must commit to improving their facilities and machinery, remain financially conservative and work to fill our requirements, and most importantly, strive to improve employee productivity.”

    Thus an embittered spokesman for the National Knitwear and Sportswear Association complained that Wal-Mart used its “flag-waving” “Buy American” campaign “as a negotiating club that forces domestic manufacturers to compete, often unrealistically, with foreign suppliers who pay their help pennies an hour. As a result vendors see their gross sales skyrocket and their net profits plunge.”

    The Writing On The Wal » Blog Archive » Remember Wal-Mart’s “Buy American” program?

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    Re: Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

    If Americans fall for another Walmart scam, they deserve it.


  3. #13
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    Re: Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

    Quote Originally Posted by hawke812 View Post
    Good news? Walmart going H.A.M. on it's competitors? Low blow? Government conspiracy?

    U.S. Manufacturing
    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.

    Veterans
    Beginning Memorial Day, Walmart will offer a job to any honorably discharged veteran in his or her first 12 months off active duty. Most of these jobs will be in Walmart stores and clubs, and some will be in distribution centers and the Home Office.

    Walmart’s pledge is not the end of this effort; it’s the beginning. The company projects it will hire more than 100,000 veterans during the next five years.


    Walmart Corporate - Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

    http://www.nytimes.com/2013/01/16/op...rans.html?_r=0

    Wal-Mart pledges to hire any returning veteran who wants a job - latimes.com
    I worked at Sam's club for 6 years starting just 2 weeks after Sam Walton died. Sam was a very big proponent of his stores buying American and buying local. After he was 6 feet under when the warmth of his body had barely left, they abolished that as fast as they could and moved their HQ's of purchasing to China. I'm not buying into this bull**** propaganda. If they wanted to do it they'd just do it. The fact that they are telegraphing this move to me screams phony. At best they'd noisily boost spending on american products then quietly shrink it even faster.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  4. #14
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    Re: Walmart to Boost Sourcing of U.S. Products by $50 Billion Over the Next 10 Years

    Quote Originally Posted by hawke812 View Post
    So damned if they do, damned if they don't, huh?
    Nope, it is PR. Apples "US made Mac" is 99% made in China, with the final assembly being in the US and creating a handful of jobs. In fact they are already selling "made in the US" Macs in New York, where it is 99.9% made in China but they add one bit and then claim it is made in the US.. it is not even assembled here.

    Same thing for Walmart.. repackage their goods and wupti "Made in the US"!
    PeteEU

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