Walmart concern for Made in USA......How nice!
Amazing what happens when the profit dries up, and the stock price goes down.
After decades of leading the charge to end manufacturing in the United States, now suddenly WalMart is having a change of heart.
Maybe a country full of unemployed people really isn’t going to be great for business after all. Maybe we should rethink our incredibly stupid ideas.
After shoving humpty dumpty off the wall (and laughing as he splattered on the ground below) the Walmart executives now scratch their head wondering if maybe they could put humpty back together again. You guys scrape up some of that goo, and I will grab these pieces of shell. Maybe we can make this happen.
Walmart Stores (WMT), which has pledged to buy an additional $250 billion in U.S.-made goods over the next decade, is hitting a snag as it tries to meet that promise: Some vendors keen to participate in the initiative complain that after decades of offshoring it has become impossible to domestically source even commonplace components for their products.
(All the factories have been boarded up (just like Walmart wanted) and all the employees are standing in the unemployment line. Companies want to buy made in the USA, but no such thing exists anymore. What to do….what to do……)
America's largest retailer has invited dozens of small- and midsize manufacturers that aren't necessarily interested in having a direct relationship with Walmart to come to Denver this week for a two-day matchmaking event.
The goal? To connect Walmart vendors hungry for key parts with manufacturers that have idle plants -- and to put those plants back to work cranking out components, such as small electric motors or polyester yarn, that have become hard to find. (The parts are not hard to find….They are in China. Exactly where Walmart told them to go.)
"We're going to try to match up [vendors] who are looking for component parts with factories that have capacity in the hopes that we can rebuild that supply chain that doesn't exist anymore," said Michelle Gloeckler, the Walmart senior vice president in charge of the initiative. (A supply chain that doesn’t exist anymore thanks to Walmart….They always leave out the important information. Luckily I am here to fill in all the blanks. You’re welcome!)
Critics of the retailing giant (Andrew) are quick to claim that Walmart, which built its empire on low prices, is partially (A lot more than partially) to blame for the sorry state of U.S. manufacturing.
Mary Bottari, a former trade analyst for Public Citizen's Global Trade Watch, says Walmart's push for cheap goods "has fueled a global race to the bottom in wages and working conditions." And the Economic Policy Institute, a union-friendly think tank, estimates Walmart's trade with China alone has cost the United States 200,000 jobs. (They are missing a lot of zero’s)
Walmart disputes those claims, (of course they do) and spokeswoman Brooke Buchanan says Boston Consulting Group has estimated that the domestic-sourcing initiative will create 1 million jobs (more like 12 ) in manufacturing and related service jobs.
The "Made in USA" program was conceived as a way to help Walmart win back customers (Nah…I am still not going to shop at Walmart)
Walmart says the 18-month-old program is a winner with customers. It hopes the Denver event, which has attracted 100 component part manufacturers as well hundreds of existing and wannabe Walmart vendors, will allow it to rapidly increase the number of U.S.-made products available in its more than 4,200 U.S. stores.
(If Walmart was serious about fixing the “made in USA” problem they would simply say all products sold in our store need to be made in the USA by 2018. If not they will no longer be sold at Walmart. Problem solved. If thye do that then you can get your resume ready, because an economic boom is about to happen. The fact that Walmart doesn’t say that lets you know they are not really serious. They are just trying to get people (like me) to stop bashing them. But I am going to continue bashing them because it brings me such joy.)
http://www.dailyfinance.com/2014/08/14/walmart-plan-boost-usa-made-goods/
After decades of leading the charge to end manufacturing in the United States, now suddenly WalMart is having a change of heart.
Maybe a country full of unemployed people really isn’t going to be great for business after all. Maybe we should rethink our incredibly stupid ideas.
After shoving humpty dumpty off the wall (and laughing as he splattered on the ground below) the Walmart executives now scratch their head wondering if maybe they could put humpty back together again. You guys scrape up some of that goo, and I will grab these pieces of shell. Maybe we can make this happen.
Walmart Stores (WMT), which has pledged to buy an additional $250 billion in U.S.-made goods over the next decade, is hitting a snag as it tries to meet that promise: Some vendors keen to participate in the initiative complain that after decades of offshoring it has become impossible to domestically source even commonplace components for their products.
(All the factories have been boarded up (just like Walmart wanted) and all the employees are standing in the unemployment line. Companies want to buy made in the USA, but no such thing exists anymore. What to do….what to do……)
America's largest retailer has invited dozens of small- and midsize manufacturers that aren't necessarily interested in having a direct relationship with Walmart to come to Denver this week for a two-day matchmaking event.
The goal? To connect Walmart vendors hungry for key parts with manufacturers that have idle plants -- and to put those plants back to work cranking out components, such as small electric motors or polyester yarn, that have become hard to find. (The parts are not hard to find….They are in China. Exactly where Walmart told them to go.)
"We're going to try to match up [vendors] who are looking for component parts with factories that have capacity in the hopes that we can rebuild that supply chain that doesn't exist anymore," said Michelle Gloeckler, the Walmart senior vice president in charge of the initiative. (A supply chain that doesn’t exist anymore thanks to Walmart….They always leave out the important information. Luckily I am here to fill in all the blanks. You’re welcome!)
Critics of the retailing giant (Andrew) are quick to claim that Walmart, which built its empire on low prices, is partially (A lot more than partially) to blame for the sorry state of U.S. manufacturing.
Mary Bottari, a former trade analyst for Public Citizen's Global Trade Watch, says Walmart's push for cheap goods "has fueled a global race to the bottom in wages and working conditions." And the Economic Policy Institute, a union-friendly think tank, estimates Walmart's trade with China alone has cost the United States 200,000 jobs. (They are missing a lot of zero’s)
Walmart disputes those claims, (of course they do) and spokeswoman Brooke Buchanan says Boston Consulting Group has estimated that the domestic-sourcing initiative will create 1 million jobs (more like 12 ) in manufacturing and related service jobs.
The "Made in USA" program was conceived as a way to help Walmart win back customers (Nah…I am still not going to shop at Walmart)
Walmart says the 18-month-old program is a winner with customers. It hopes the Denver event, which has attracted 100 component part manufacturers as well hundreds of existing and wannabe Walmart vendors, will allow it to rapidly increase the number of U.S.-made products available in its more than 4,200 U.S. stores.
(If Walmart was serious about fixing the “made in USA” problem they would simply say all products sold in our store need to be made in the USA by 2018. If not they will no longer be sold at Walmart. Problem solved. If thye do that then you can get your resume ready, because an economic boom is about to happen. The fact that Walmart doesn’t say that lets you know they are not really serious. They are just trying to get people (like me) to stop bashing them. But I am going to continue bashing them because it brings me such joy.)
http://www.dailyfinance.com/2014/08/14/walmart-plan-boost-usa-made-goods/
posted by res17 at
August 15, 2014
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