The US economy is at a monumental position of gaining economic profits and to do away with unemployment as well. Walmart’s huge investment creates 10,000 jobs in various stores. Job vacancies and opportunities have also been created in e-commerce as well. This bold move by the company is also a point of credit to be taken by the US president Mr. Donald Trump.
Expansion, extension and relocation of stores under the organisation are parts of the plan to be implemented in US. 59 new Wlamart and Sam’s club stores are to be created and approximately 24.000 construction jobs will pave the way to curb unemployment in the country. The further plans of expansion of business by the company will spread across the United Nations and the innovative textile industry will support the growth of economy there.
Estimated 1 million jobs are too created when the import, export, production is conducted by the nation itself. On the other hand strict and rigid laws are to be enacted when products are imported from abroad and on violation of this act Mr. Trump might take strict steps and actions. This economic boost will also help out the education system when grant in aid is to be provided to 6 universities by the Walmart Company.
The methodology of production is also different from other textile unit’s i.e. The dyeing methods will not use salt or alkali and hence, introducing an innovation. The perks also include saving of water and energy by the production units. The company is also going to provide training before employment. This way the whole is scheme is really modernised and systematic.