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

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

Textiles | On 18th Oct 2018

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

The revenue from the petrochemicals segment of Reliance Industries...

Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search