Wal-Mart and the U.S. government have announced plans to start tracking the sustainability profile of their suppliers as well as their products and services. As two of the largest buyers in the world, the directives from these companies have the potential to impact many companies in the U.S. and around the globe.
The U.S. government buys more than $500 billion worth of products and services each year from roughly 230,000 different companies, according to USAspending.gov. It is the world’s largest buyer of goods and services. Wal-Mart, as the largest consumer products retailer in the world, buys roughly $300 billion each year in products that it sells in its retail stores from more than 100,000 different companies.
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