Apple Strengthens Growing US Supply Chain With ‘SupplierPay’ Pledge
In an unusual move for a company that is notoriously secretive when it comes to revealing details about its supply chain, Apple (NASDAQ:AAPL) recently touted its substantial investment in U.S.-based suppliers over the past year. Apple’s U.S. supply chain disclosure came on the heels of the company’s decision to join President Obama’s recently announced “SupplierPay” initiative. Soon after the White House’s announcement, Apple revealed how much money it already spends on U.S.-based suppliers in a statement given to TechCrunch. “Last year, Apple spent more than $3 billion with over 7,000 suppliers running small and diverse businesses, creating tens of thousands of U.S. jobs,” said Apple.
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