Wal-Mart to boost US apparel sourcing

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The world’s biggest retailer used the National Retail Federation’s annual BIG show as a platform to announce that it is aiming to purchase $50bn in goods from domestic US suppliers over the next decade as part of a fundamental shift in its sourcing patterns. The full text of president and chief executive Bill Simon’s speech can be found here, while procurement analyst Jason Busch gives his initial take here. If Wal-Mart keeps to its promise, there could be seismic implications for the logistics industry.