Walmart=Made in USA?
I will believe it when I see it.
Is US manufacturing heading for a revival? The world’s largest retailer, Wal-Mart, is leading a new effort to bring more manufacturing jobs back to this country. The company’s many critics may see this as more than a little ironic as Wal-Mart’s decades-long push for low prices were part of the trend that sent production and jobs overseas to low-wage suppliers.With rising American productivity, increases in Chinese labor costs and falling energy prices, there could be good reasons to bring more work home. “We are entering a new era of opportunity to boost American manufacturing,” US Commerce Secretary Penny Pritzker told a two-day conference in Orlando. The goal of the event was to work out how to “drive investment in American manufacturing,” said Bill Simon, CEO of the US division of Wal-Mart. What remains to be seen is whether this is more of a PR campaign than the start of a major shift after three decades of decline for many sectors of US manufacturing.