The Reshoring Initiative and Walmart Launch Effort to Help Suppliers Reshore – Business Wire (press release)

CHICAGO–(BUSINESS WIRE)–The Reshoring Initiative recently announced a program in partnership
with Walmart to help companies manufacture more consumer products in the
United States.

Walmart has committed to increase its U.S. purchases by $50 billion
annually by January 2023. Harry Moser, founder and president of the
Reshoring Initiative observed, “We were honored to be called on by
Walmart to support its Made in USA program. We estimate the company’s
increased purchases will add 300,000 U.S. manufacturing jobs. Helping
Walmart succeed fits our Mission perfectly.”

The new program provides direct, personal access to 35 manufacturing
trade associations, companies, banks, U.S. Commerce Department offices
and other groups. Each group has assigned dedicated resources to help
companies develop and implement plans to produce or source more
domestically produced goods. The program launch was coordinated with
Walmart’s Open Call and U.S. Manufacturing Summit in Bentonville,
Arkansas, which was attended by the U.S. Commerce Secretary, two
governors and current and prospective suppliers.

The Reshoring
Support page on Walmart’s JUMP
(Jobs in U.S. Manufacturing Portal) site links to the Reshoring
Initiative’s Resources
for Retail Suppliers page, which contains resources to
facilitate and accelerate supplier efforts. Issues from product
selection, to cost reduction, managing the transition to reshoring and
financing are included for large, small, foreign and domestic companies.
The resources offer guidance to help manufacturers select products and
succeed in profitably producing or sourcing products in the United
States.

“When Walmart committed to buy an additional $250 billion over 10 years
in products that support American jobs, we knew we could also play an
important role as facilitator and accelerator,” said Cindi Marsiglio,
vice president of US manufacturing at Walmart. “We created
Walmart-Jump.com to help companies find resources on manufacturing in
the U.S. The Reshoring Initiative’s support page is a great addition to
that resource library.”

Harry Moser noted, “Based on published articles accessible in our Library,
the Reshoring Initiative concludes that Walmart has supported at least
43 suppliers to add 4,579 or more U.S. manufacturing jobs so far, and is
currently the largest force driving reshoring. The Reshoring Initiative
is delighted to provide these resources to accelerate this effort. We
call on other retailers to get on board.” He added, “We thank the 35
groups that have volunteered as resources. Their personal commitment
will make this program a success.”

The Reshoring Initiative seeks to expand the scope and impact of the Resources
for Retail Suppliers page by incorporating expertise from additional
sources and adding more participating retailers. We call on
manufacturers to use the resources, other relevant groups to volunteer
to be listed and retailers that are interested in Made in USA to provide
a contact point to be displayed along with the Walmart JUMP site.

Companies can help improve manufacturing employment by consistently
utilizing advanced metrics for supply chain sourcing decisions. The
Reshoring Initiative’s Total Cost of Ownership (TCO) Estimator is the
best-known publically available tool for this purpose. The TCO Estimator
allows users to easily determine the total cost of offshoring by
accounting for and understanding the relevant offshoring costs, which
include inventory carrying costs, shipping expenses, intellectual
property risks and more.

About The Reshoring Initiative

A 48-year manufacturing industry veteran and retired President of GF
AgieCharmilles, Harry Moser founded the Reshoring Initiative to move
lost jobs back to the United States. For his efforts with the Reshoring
Initiative, he was named to Industry Week magazine’s Manufacturing Hall
of Fame in 2010. Additional information on the Reshoring Initiative is
available at www.reshorenow.org.