Walmart will back U.S. manufacturers with $350bn in business

Walmart said it plans to spend an additional $350 billion on products made, assembled or grown in the U.S. over the next ten years.

Walmart said Wednesday that it plans to support American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown or assembled in the U.S.

Nearly two-thirds of Walmart’s current product offerings were made, assembled or grown in the U.S., as of FY2020, according to a company spokesman.

The retailer said that with its latest move, U.S. products will become an even larger part of its supply chain. The company said it will focus the effort on buying more materials and merchandise from domestic manufacturers, including plastics, textiles, pharmaceutical and medical supplies, food processing, and small electrical appliances.