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| India-Pakistan | |
| Walmart Pivots from Chinese Suppliers, Triples Imports from India | |
| 2020-12-17 | |
| [Breitbart] Walmart announced on Monday that it will triple the value of goods imported from India to the United States by 2027, a pivot away from Chinese suppliers that will add up to $10 billion per year. "As an international retailer that brings value to customers and communities worldwide, Walmart understands that local entrepreneurs and manufacturers are vital to the success of the global retail sector. We see huge potential for Indian suppliers to grow their businesses by leveraging the unique scale and global distribution opportunity Walmart provides," Walmart CEO Doug McMillon said. "By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers while creating jobs and prosperity at home in India. It is also a way for Walmart to bring more high-quality, India-made goods to millions of customers all across the world," McMillon said. "Make in India" is Prime Minister Narendra Modi’s effort to bolster Indian manufacturing and encourage stronger, more diverse international investment in Indian markets ("more diverse" investment in practice means "not from China"). India’s hunger for a more potent manufacturing sector grew more acute as tensions between India and China across their Himalayan border increased. Newsweek saw the announcement as part of a "nationwide pivot" away from China to other trade partners, noting that overall U.S. goods imports from China have declined by "a stark 16.2 percent between 2018 and 2019: Currently, Walmart estimates Chinese suppliers make up 70-80 percent of its U.S. merchandise, according to the Alliance for American Manufacturing. Newsweek cited analysts who expected U.S. trade with India to continue growing under the Biden administration, in part because low-cost retail chains seek to diversify supply chains that have grown too dependent on Chinese products, and India is appealing as a huge market and stable democracy with "pragmatic" leadership. Despite China’s relentless efforts to mitigate political fallout from the coronavirus or even turn the virus to its advantage, Newsweek’s analysts suspected the urge to diversify away from Chinese supply chains grew much stronger because of the pandemic, and even if Biden takes a far softer stance toward Beijing than Trump did, the tendency to pivot away from China will continue.
Made in USA would be better but I guess it's too much to expect. | |
| Posted by:Abu Uluque |
| #18 6 months ago I bought a Cannon TS3322 printer. Wireless or can be used with a USB cable. 2 weeks ago the wireless option quit, "wifi has been disabled". I didn't disable it and I can't find any way to re-enable it. Plugged it in with the cable. It quit 2 days ago. Nothing I do will get it going again which is a shame because the photo print quality was top notch. My nearest neighbor has the same model and hers did the same thing. Not made in China though, made in Viet Nam. |
| Posted by: Deacon Blues 2020-12-17 15:21 |
| #17 MS was/is a shitty old-fashioned monopolist. F&C is talking about real stuff made by normal companies that are competing fairly and on the merits in a well-regulated marketplace. Nothing in common with MS |
| Posted by: Glailet Schwarzeneggar5100 2020-12-17 12:50 |
| #16 Vernal has a point but what if you have an old computer running an elderly version of Windows? Fine, they won't support the old version. I could live with that. But if that old computer is on the Internet, Microsoft will reach out and render that old operating system inoperable. It happened to me. When I tried to boot it a message appeared on my screen advising me that I needed to migrate to a new operating system. Nevermind that the old computer would not meet the new operating system's hardware requirements. They broke that old system out of pure greed. I should have installed BSD on it. |
| Posted by: Abu Uluque 2020-12-17 12:31 |
| #15 Bialetti all the way! made in Italy |
| Posted by: 746 2020-12-17 12:21 |
| #14 Yeah, they like making the cheap stuff a whole lot better because it wears out and breaks much sooner than the good stuff and that keeps their cash flow going. I think they know exactly how long each type of material will last and will always use the cheapest plastic available. If they have to use metal it will also be the cheapest and flimsiest tin they can find. You'll pay a lot more for the good stuff initially but in the long run you'll save. |
| Posted by: Abu Uluque 2020-12-17 12:16 |
| #13 Software obsolescence is different. It just is. You don't have to plan for it so much as know that it's coming. Computer hardware from twenty years ago is so dramatically different from what we have now, it isn't even funny. Windows 2000 (or even XP 3, which isn't 20 years old) couldn't hope to effectively run the most modern hardware. |
| Posted by: Vernal Hatrick 2020-12-17 12:15 |
| #12 /\ Obviously not a apologist for 'built-in obsolescence'. What version of Windows are you using F&C ? |
| Posted by: Besoeker 2020-12-17 11:23 |
| #11 #8 $0.01 wise, £ foolish... Buy American or European. Spend the extra money. Keep the product and use it with satisfaction for 10, 15, 20 years. Stop buying disposable Chink garbage |
| Posted by: Flutle and Company7956 2020-12-17 11:13 |
| #10 Not a bad interim move, but manufacturing needs to be brought back to the U.S. |
| Posted by: JohnQC 2020-12-17 10:32 |
| #9 I use the aeropress Raj. I can't go back to a drip maker now. Coffee is sooooo much better and smoother. |
| Posted by: DarthVader 2020-12-17 09:01 |
| #8 Great - I now have hope I can find a fuckin' coffee maker not made in China for under $50. I went shopping a few months ago and all six brands had that label on it. Or - I could go to some foofy place like Williams-Sonoma and spend half a paycheck on the German model that also does lattes, espressos and all that other bullshit. |
| Posted by: Raj 2020-12-17 07:47 |
| #7 ^^ It's culture. Way back in the 60s it was noted how Indian and Chinese immigrants prospered in free market economies vs those of decidedly socialist or communist flavors. Have you seen the same effect with the Latin community? It's not saying that they are not a hard working community, but that there is something missing that drives them in the classical capitalistic pursuit in many foreign lands. |
| Posted by: Procopius2k 2020-12-17 06:54 |
| #6 /\ China currently holds the contract and has agreed to continue to buy our bonds. |
| Posted by: Besoeker 2020-12-17 05:19 |
| #5 With Wally World and a host of other US F-1000's having already fed the CCP Military Dragon. Changing to India and other sources maybe too late. Question: Given the MILLIONS South of the Border always seeking to ILLEGALLY enter the USA. Why hasn't Wally World and/or Others setup shop in South America? |
| Posted by: NN2N1 2020-12-17 05:14 |
| #4 /\ Not just the light bulbs, but the fixtures as well. Add to that nearly anything associated with plumbing hardware and fasteners of any type. You want an example of economic betrayal, visit any Home Depot or Lowes store. |
| Posted by: Besoeker 2020-12-17 04:47 |
| #3 ^1972 Oldsmobile delta. |
| Posted by: g(r)omgoru 2020-12-17 04:44 |
| #2 I long for some American made products that have stopped being made in the USA. The Weiler Abrasives old 71078 dust pan (They now sell a cheap replacement made in Sri Lanka) Corningware Visions Pyrexware GE incandescent light bulbs Electricord (Leviton) 250W brooder clamp light All now replaced by foreign made cheap junk. |
| Posted by: boomerc 2020-12-17 04:09 |
| #1 Baby steps. Eventually we do indeed have to get back to Made in the USA. Less stuff, better stuff built to last. More jobs, fewer profits and billionaires, stronger communities and healthier families. |
| Posted by: Chesney Bucket3208 2020-12-17 03:20 |