Walmart pledges to hire 100K veterans, buy $50 billion in U.S. goods
Walmart, the nation’s largest retailer, on Tuesday announced major initiatives focused on creating more jobs in an effort to help stimulate the economy.
Calling on the retail industry to work together, Walmart pledged to hire 100,000 honorably discharged military veterans over the next five years while making a bold commitment to buy more U.S. products through 2023.
Walmart announced that starting on Memorial Day veterans who have left active duty honorably within the past 12 months will receive priority applicant status for any open position.
“Let’s be clear: hiring a veteran can be one of the best decisions any of us can make,” Simon said in prepared remarks. “There is a seriousness and sense of purpose that the military instills, and we need it today more than ever. “
Walmart also announced plans to buy an additional $50 billion in U.S. products over the next 10 years in an effort to grow U.S. manufacturing and encourage the creation of U.S. jobs.
Walmart believes its pledge to source more U.S. goods would boost jobs for service providers — retail, medical, restaurant , uniforms – but also include adding roles for engineers, shipping, management and accounting.
Through this renewed strategy, Walmart plans buy more of what it already buys from domestic suppliers and to help boost “on-shore” U.S. production.
“According to data from our suppliers, items that are made here, sourced here, or grown here account for about two-thirds of what we spend to buy products at Walmart U.S.,” the company said in a statement published on its website.
Simon also offered up plans to convene a “manufacturing summit” this summer to bring together industry leaders and local, state and Federal government officials to discuss plans to “drive $500 billion in new purchases over the next ten years.”
First Lady Michelle Obama praised the veteran’s initiative and challenged every business in America to follow Walmart’s lead by finding innovative solutions.
“Given what we’ve seen from Walmart and so many other companies over the past two years, we know that they will,” the First Lady said.