Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

Right to Work South Carolina Attracts Massive Investment from Walmart

By

Port of Charleston, South Carolina, USA. By Nataliya Hora @ Shutterstock.com

You know that giving employees the Right to Work makes a big difference. Companies that can negotiate one-on-one with employees can invest in the most promising talents, and remove anyone trying to get a free ride. Giving employees the Right to Work kills the disease of forced unionism.

It’s possible no state has done a better job of capitalizing on its reputation as free from Big Labor’s negative influences than South Carolina. Just take a look:

Now the state is notching another great success in attracting business. Walmart has broken ground on a massive new distribution facility near the Port of Charleston that will create 1,000 jobs. Caitlin Byrd reports on the project in The State:

Construction of the Ridgeville Industrial Campus began in 2016 with the goal of being a major job creator for the Lowcountry. Two years later, in 2018, the South Carolina Ports Authority purchased that 1,000-acre industrial park to create a site for port-dependent businesses. The Walmart import distribution center will be the first tenant.

The distribution center, when operating at full capacity, is also expected to increase volumes at the Port of Charleston by 5% since it will use the port to supply six Walmart regional distribution centers and support approximately 850 Walmart and Sam’s Club stores across South Carolina and beyond.

Smith said Walmart envisions the facility being a part of “the economic success of this region” and will ultimately help the retail giant serve its customers better.

“Our business has changed pretty dramatically at Walmart,” said Smith, who arrived at the groundbreaking wearing a royal blue mask emblazoned with the Walmart logo on the lower right of the face mask.

“When you think about what’s happened with COVID-19, in the last eight months, we have seen an advancement of e-commerce and digital operations,” he said. “In the past, you used to think about supply chains as being in the back and basically not being seen. What we’re learning through the pandemic is, quite frankly, that supply chains are a lifeline. They have to be healthy. They have to be robust.”

Walmart, which is America’s largest private employer and the world’s largest retailer, recently reported its e-commerce sales grew 79% year over year during its third quarter. Smith said the company is finding more and more that it must modify its supply chains to meet the needs of its customers.

Smith called Ridgeville a “great example” of investments Walmart has made to be able to continue not only servicing its stores but to grow and expand its e-commerce business.

Action Line: If you own a business in a big-tax, big-labor state where governors have gone wild with COVID restrictions and mandates, consider moving your business to a Right to Work, low tax state where governors are working with citizens, rather than against them, to get through COVID-19 and keep their businesses going.

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.