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TheStreet Open House

Remarks By Walmart U.S. President And CEO Bill Simon At The U.S. Manufacturing Summit

"Think about it – just today...we've announced commitments that will create more than 1,000 new jobs.

"Together, we can help spark a revitalization of U.S. manufacturing, using new technology and new innovations to make production in the United States affordable and feasible.

"I want to say personally that Walmart is here to work with you.

"We've appointed a senior team to lead this effort. And we've decided we will sign longer-term purchase agreements when it makes sense to give manufacturers more certainty.

"As you go off to your meetings tomorrow, I hope you will know that we want to do everything we can to help bring these plans to life.

"You can always call me, call Duncan, call your buyer. We will work with you.

"The best part is that we can just do this. We can. We don't need to wait on anyone.

"Business can lead the way.

"In fact, in this country...in this economy...in this political climate - business must lead the way.

"Some categories are easy to bring back, and we should go after them. There's low hanging fruit that we're already starting to pick. Others will be a stretch, but we should reach for those too.

Making Things is Part of Who We Are

"I tell my team all the time that our $50 billion commitment is our starting point.

"If we put our minds to it, there's no question to me that we can achieve it and exceed it.

"I want us to think bigger.

"Many experts believe that steel could be made here again. And if you can make steel, you can make bicycles and other items that might seem out of reach today.

"I want those big, iconic items to be made in America again.

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