Walmart wants to meet its commitment to purchase an additional $250 billion in U.S.-made products through 2023. Here is an opportunity for companies to apply and qualify to be suppliers, says the Reshoring Initiative.
· Apply: Companies can apply at www.walmart-jump.com.
· Pick the right products to reshore: The Reshoring Initiative free online TCO Estimator to help companies quantify the hidden costs of offshoring.
The U.S. has made good progress bringing jobs back since 2010, with reshoring and FDI (Foreign Direct Investment) announcements by thousands of companies totaling over 300,000 manufacturing jobs. These jobs represent over 30% of the 939,000 manufacturing jobs added from the low of February 2010 until March 2017. Harry Moser, President of the Reshoring Initiative, commented: ³The Walmart $250 billion commitment is making them the largest driver of reshoring. The Reshoring Initiative is delighted to help Walmart reach this goal by helping suppliers produce more here. Any company needing help analyzing feasibility is encouraged to use the free TCO Estimator. Email email@example.com for help.
Tools for better decisions
The Reshoring Initiative offers many tools and resources to help companies make supply chain sourcing decisions. The Reshoring Initiative Total Cost of Ownership (TCO) Estimator is the best-known publically available tool for this purpose. It uses advanced metrics that allow 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.
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