Wal-Mart will invest 350 billion U.S. dollars to support local industries such as textiles
Recently, American retail giant Wal-Mart stated that the group will invest 350 billion U.S. dollars to support six major product categories in the United States, including the textile industry in the United States.
In addition, the other five product categories also include plastics, home appliances, food, pharmaceuticals, and care. Wal-Mart said that this huge sum of money will be invested in batches within 10 years and is expected to create more than 750,000 jobs in the United States and reduce 100 million tons of carbon dioxide emissions.
Previously, Wal-Mart stated in 2013 that the company would successively invest US$250 billion in US manufacturing, and this plan would be combined with the current US$350 billion investment plan.
In addition, the US$350 billion will be used to support the six local product categories mentioned above. Wal-Mart will also launch a program called Lighthouses, which will have a broader scope and a longer investment cycle. But Wal-Mart said that the ultimate goal of the Lighthouses plan is also to revive the US manufacturing industry.
"The Lighthouses project will have more participants entering, and these participants are the new forces of American manufacturing in the future. In addition, we will also cooperate with American universities and local economic development organizations to jointly promote the revival of domestic manufacturing in the United States. "
In addition, during the COVID-19 pandemic, the United States temporarily cut off external transportation and suffered a shortage of imported materials, which caused problems in the purchase of goods by the American society as a whole. Wal-Mart launched this plan at this point and also deliberately took advantage of this public opinion to promote the "Made in America" business forward.