Reshoring Initiative, Wal-Mart launch effort to help suppliers reshore

The Reshoring Initiative, Chicago, has announced a program in partnership with Wal-Mart to help companies manufacture more consumer products in the U.S.

Wal-Mart has committed to increase its U.S. purchases by $50 billion annually by January 2023. Harry Moser, founder and president of the Reshoring Initiative, estimates the company’s increased purchases will add 300,000 U.S. manufacturing jobs.

The new program provides direct, personal access to 35 manufacturing trade associations, companies, banks, and U.S. Commerce Department offices. Each group has assigned dedicated resources to help companies develop and implement plans to produce or source more domestically produced goods.