‘Made in the USA’ Goods
Walmart shoppers might have noticed this development already, but WMT has become a leader in the onshoring trend thanks to its recent “Made in America” campaign.
WMT has pledged to buy an additional $50 billion worth of U.S.-made goods over the next decade. Walmart stores in the states get around two-thirds of their goods from domestic sources, plus many of the company’s suppliers have already made similar shifts.
This development won’t just bring jobs back to the U.S., according to WMT, but could also have a concrete impact on Walmart earnings as well. A few reasons: Once-cheap wages in countries like China have been climbing, affecting the cost of goods produced there, while domestic production also lowers shipping costs.
Plus, some patriotic publicity is a nice change for WMT, considering Walmart is generally a target of criticism — not praise.