Home / Knowledge / News / Textiles / Walmart invests in US textile manufacturing
Walmart invests in US textile manufacturing
21
Jun '16
Courtesy: Walmart

The Walmart US Manufacturing Innovation Fund has so far invested nearly $7 million in textiles, small motors, and plastic injection moulding, Cindi Marsiglio, vice president – US Manufacturing, Walmart, has said.

“With nearly 260 million customers shopping at a Walmart location each week, it is clear that the ability to get the right items at the right price is a benefit to many of us,” Marsiglio wrote on Walmart's blog.

In addition to providing affordable goods, Walmart has also heavily invested in the communities it serves. “One part of that is our commitment to source an additional $250 billion (by 2023) in products made, assembled or grown in the US,” she said.

“Not only does manufacturing products domestically create jobs – in many cases, it is more efficient. Manufacturing goods closest to the point of sale allows for quicker turnaround time from factory to shelf. It is good for business, good for customers and good for our stores,” she added.

To support growth of innovation in US manufacturing, the Walmart Foundation and the US Conference of Mayors are together awarding grants for research on ways to make manufacturing easier. This includes a project from Cornell University that is helping to turn recycled clothes into new ones.

Through this initiative of 'Investing in American Jobs', an estimated 1 million new US jobs will be created—with direct manufacturing job growth of about 250,000 and about 750,000 in the support and service sectors, according to Boston Consulting Group. (RKS)

 

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search