Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

Right to Work South Carolina Attracts Massive Investment from Walmart

December 4, 2020 By E.J. Smith

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:

  • Right to Work South Carolina is Flooded in Jobs
  • Where to Live to Make a Living? Try this Southern Gem
  • The Workers of Boeing in SC Reject Forced Unionization Drive
  • You Can Find a Better America in the South
  • BMW Breaks Records in Right to Work South Carolina

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.

Originally posted on Your Survival Guy.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • BMW Breaks Records in Right to Work South Carolina
  • South Korea Coronavirus Update
  • Walmart Prime?
  • Author
  • Recent Posts
E.J. Smith
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 Zilldjians. 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@youngresearch.com
Latest posts by E.J. Smith (see all)
  • I’ve Been in Richard Young’s Maximizers for Years - January 20, 2021
  • Smith Family Robinson in Live Free or Die, NH - January 19, 2021
  • The Fed is Sacrificing Retirees to Save the Banks - January 15, 2021

Search Young Research

Most Popular

  • The Fed is Sacrificing Retirees to Save the Banks
  • Dick Young’s Safe America: Chapter 1, Part I
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Do You Remember When NASDAQ Dropped by 82%?
  • I’ve Been in Richard Young’s Maximizers for Years
  • The Power of a Compound Interest Table
  • The Highest Yielding S&P 500 Stocks
  • Gavekal Chairman: Renewables Bubble is "Stupidest" Ever
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • Don’t Be on Their Radar, Get Out of Debt Now

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • This Guy Is America’s New President: Shotgun Joe
  • Progressives Steal White House/Demolish Their Foundation
  • The Route 209 Pennsylvania Presidential Election Mystery.
  • A President Speaks: “Hard Work Never Killed Anybody”
  • Trump Clobbers Biden In Pennsylvania, Day #2
  • VIDEO: Joe Biden, “Buy a Shotgun,” the Remix
  • Pennsylvania – Trump Buries Biden Day #3
  • Biden Seeks to Expand Inefficient and Unsafe Transport of Oil by Rail
  • Shotgun Joe Biden: Crackin’ Up
  • The Recklessness of Arnold Schwarzenegger

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.