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March 3, 2021 1:45 PM, EST

Walmart to Spend on US Products, Create 750,000 Jobs

A customer pushes a shopping cart after at a Walmart Inc. store in Burbank, Calif.A customer pushes a shopping cart after at a Walmart Inc. store in Burbank, Calif. (Bloomberg News)

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Walmart Inc. pledged to support American manufacturers by spending an additional $350 billion on items made, grown or assembled in the U.S. over the next 10 years.

The move will help create more than 750,000 U.S. jobs, Walmart U.S. CEO John Furner said March 3 in a blog post. The company will focus on investing in plastics, small electrical appliances, food processing, pharmaceuticals and medical supplies.

The investment also will cut an estimated 100 million metric tons of emissions by sourcing closer to customers, Furner said. This is part of the company’s pledge to be carbon neutral by 2040.

In 2013, the world’s largest retailer committed to investing $250 billion in U.S. products and has said about two-thirds of its goods are sourced in the U.S. This new spending would average $35 billion a year, compared with the chain’s cost of goods sold last year totaling $420 billion.

Walmart Inc. ranks No. 3 on the Transport Topics Top 100 list of the largest private carriers in North America.

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