When Walmart announced its commitment to increase its American-made purchases by $50 billion annually by 2023 , resulting publicity gave a big PR boost not only to the Reshoring Initiative but to Walmart as well. After decades of jobs moving overseas, the tide has turned in favor of reshoring , reports the Reshoring Initiative in its latest annual report. Together reshoring and related foreign direct investment by companies returning to the U.S. MORE

by 2023 between its different segments including roadways, waterways, railways, and airways. Forecast to grow by a CAGR of 7.5% by 2020 globally, the logistics industry is booming. MORE

The company said it would start building the first boat of the new order on May 1, with the 10th vessel due to be delivered in 2023. Discussion Questions: Read the following article carefully. What are the details of the contracts that that the Navy struck with General Dynamics and Huntington Ingalls? Would not it have been better if the Navy had only awarded one contract? What are the trade-offs associated with one versus two submarine suppliers? Navy Shipbuilders Share $17.6 MORE

trillion in 2023. Source: The Daily Dot. The global logistics market is predicted to reach US 15.5 The world runs on trade and traditionally the industry has been plagued by inefficient processes, middlemen, and archaic technology. MORE

per year on average through 2023, according to the organization’s just-released Freight Transportation Forecast, 2017-2028.” The low-hanging fruit has all been harvested by shippers using TMS and other logistics IT solutions increase efficiency and save costs in transportation. MORE

is set to provide it—up to 22 million metric tons per year by 2023. You’ve probably heard about America’s love affair with corn. We’re the number one producer of the agricultural hero, whose versatile structure goes into everything from ketchup, to coca-cola, to your car’s fuel. MORE

and Adidas AG shoes will move to more automated factories by 2023 due to a “buy now/wear now” shopping environment forced by the shift to e-commerce, per forecasts by Morgan Stanley. Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: There are differing opinions on the future of retail; omni-channel still has some bugs to work out; and a southeastern U.S. grocery delivery service has big plans for the future. MORE

After 2022, the amount of bonus depreciation will begin to be phased out with 80% in 2023, 60% in 2024, 40% in 2025, and 20% in 2026. In December 2017, Congress passed one of the largest tax reform bills since the 1980s. MORE

And with those words Harold Wicks kicked his 2023 Peterbuilt into gear and drove quickly to pick up his load ahead of the four other big rigs trying to catch up with him. “Look… I just found a Load over by the hockey arena!”. That’s the third load I found this week!’ said Wicks with great enthusiasm. It wasn’t a real load though – it was something quite new to the world of trucking. MORE

billion to help develop products for electric powertrains, forecasts that a fifth of vehicles will be hybrid or electric in 2023, with pure EVs being just 3% of sales. MORE