OREANDA-NEWS.   Nearly 1,500 government officials and suppliers convened today at the Walmart U.S. Manufacturing Summit to advance American renewal in manufacturing and help rebuild opportunities for America’s middle class. The summit at the Orlando Convention Center underscoredWalmart’s commitment to buy an additional USD 50 billion in U.S.-made products over the next 10 years and featured announcements from suppliers that, combined, are expected to infuse more than USD 70 million into factory growth and create more than 1,000 domestic jobs.

“Jump-starting the manufacturing industry and rebuilding the middle class requires a national effort by companies, industry leaders, lawmakers and others,” said Bill Simon, president and CEO of Walmart U.S. “Together, we can help spark a revitalization of U.S.-based manufacturing, using new technology and new innovations to make production in the United States affordable and feasible.”

The summit brought together representatives from across industries – including 500 supplier companies, 32 state governments, major retail industry leaders and other retailers. Governors and state officials had the opportunity to speak directly with hundreds of manufacturers who are ready to create jobs in their local communities. For supplier companies, Walmart’s summit provided an opportunity to present potential projects and learn about the resources available in different states.
 

“At the Department of Commerce, we are leading the Administration’s efforts to support American manufacturing and expand our exports,” said U.S. Secretary of Commerce Penny Pritzker. “I applaud Walmart for convening this summit and all of the participating companies for the commitment they’ve made to expand their manufacturing activities in our country. Right now, companies in America are making and selling products around the world at an all-time record pace, and the incentives to make things here and hire American workers is only getting stronger. A summit like this one, which brings multiple organizations from the public and private sectors together, is exactly the type of cooperation that’s needed to grow businesses, create jobs and keep America competitive.”

As the economics of manufacturing are shifting and goods are increasingly being produced closer to where they are consumed, the numbers work to manufacture more in America.

GE Chairman and CEO Jeff Immelt said, “GE and Walmart understand how to bring together the best people and the best technologies to make the world work better. Today’s announcement builds on the history of collaboration between GE and Walmart, and reinforces our belief that manufacturing is a competitive advantage, allowing U.S. companies to compete and win in every corner of the world.”