A new warehouse robot known as Chuck has been developed to speed up split case picking operations.
Politico (7/26, Cook) reports that the “Big Six” tax reform group, consisting of Treasury Secretary Mnuchin, National Economic Council Director Gary Cohn, House Speaker Ryan, Senate Majority Leader McConnell, Senate Finance Chairman Orrin Hatch (R-UT), and House Ways and Means Chairman Kevin Brady (R-TX), is planning to unveil a “broad-brush” tax proposal on Friday “before the House leaves for its August recess, according to six sources close to the administration.” The Wall Street Journal (7/26, Rubin, Subscription Publication) reports that the tax proposal will contain broad principles – lower tax rates in a deficit-neutral tax code overhaul – instead of legislative text and will reflect areas of agreement among Republicans. Sources did not clarify how the proposal would address the House Republican plan for border-adjusting the corporate tax, an idea that has drawn criticism from retailers and some senators in recent months. Congress will draft the legislation based on the proposal after returning from recess, and members of the Big Six say they hope to pass the final tax reform law by the end of the year. The Hill (7/26, Jagoda) reports that the Big Six “have reached an agreement on six tax-reform principles and are briefing congressional staff about the plan.” Reuters (7/26, Gibson, Morgan) reports that Grover Norquist, the president of the anti-tax Americans for Tax Reform who has close ties to Republican leadership, said that the Big Six “was targeting the end of this month for producing a basic framework for a bill that would be introduced in September.”
Wal-Mart Stores Inc (WMT.N) on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.
Over the last two decades, the relationships that individuals expect to have with their employers and their roles at work have begun to shift.
Now, not only do we seek to practice our skills in order to earn a paycheck, we strive to gain recognition for our contributions, and we yearn to experience a deep sense of fulfillment and meaning from our work. In short, we place a whole lot of emphasis on where and how we’re willing to spend that irretrievable 85,000 hours of our professional life; and smart leaders understand that fact.
The Trump administration recently released its NAFTA negotiating objectives, which outline its goals in priority areas for manufacturers, such as goods market access, rules of origin, customs, trade facilitation, investment, intellectual property rights, government procurement, regulatory barriers to trade, digital trade and energy. In a press release, NAM Vice President of International Economic Affairs Linda Dempsey responded, saying, “The number-one issue is jobs—jobs for manufacturing workers in communities across this country.” She also noted, “We have the opportunity to strengthen the rules and secure the strongest possible tools to enforce those rules.” On Tuesday, the House Ways and Means Trade Subcommittee held a hearing on the Modernization of NAFTA, which included testimony by Cummins Chairman and CEO Tom Linebarger, as well as other industry executives. The NAM will continue to work closely with the administration and Congress to ensure the best possible outcome for manufacturers in the renegotiation.
Manufacturers moved one step closer to achieving one of our highest priorities this week. The House of Representatives passed the Ozone Standards Implementation Act of 2017 by a vote of 229–199. The bill would create a more flexible glide path for manufacturers to comply with the 2015 ozone standard by changing the five-year review cycle to a more reasonable 10-year cycle, which is the typical time the Environmental Protection Agency (EPA) needs to complete reviews. The bill also addresses two NAM priorities: manufacturers’ permitting challenges and examining the impact of international air pollution on domestic ozone levels. Earlier this month, at the urging of the NAM, the EPA announced it was giving states more flexibility in meeting the standard, another major win for manufacturers. Manufacturers are calling on the Senate to take swift action on this issue.
Politico (7/20, Dawsey, Warmbrodt) reports President Trump “is reconsidering his nomination of former Rep. Scott Garrett to lead the Export-Import Bank and may drop him amid growing resistance from industry, according to West Wing aides and Trump advisers.” The nominee “has become a political headache for the White House and its economic agenda thanks to intensifying lobbying against the nomination by companies that rely on the agency to guarantee loans for foreign buyers of US exports.” Moreover, “Treasury Secretary Steven Mnuchin has also been pressing for the president to dump him, according to White House officials.”
Politico also mentions that “National Association of Manufacturers President and CEO Jay Timmons called out the administration in a Wall Street Journal op-ed last week.” Crain’s Chicago Business (7/20, Hinz) reports that the Illinois Manufacturers’ Association (IMA) requested that Trump withdraw Garrett’s nomination, pointing out that “IMA’s action followed that of other groups and companies, including the National Association of Manufacturers and Chicago-based Boeing, a major recipient of low-cost bank financing.” In addition, the Iowa Association of Business and Industry (7/20), reports that “Trump’s selection of former U.S. Rep. Scott Garrett of New Jersey to lead the Export-Import Bank is drawing criticism from manufacturers and influential business organizations.”
The article adds that “one of ABI’s national partners, the National Association of Manufacturers (NAM), has been leading efforts to urge the U.S. Senate to reject Garrett,” and notes that “many ABI and NAM members and their suppliers have used the Ex-Im Bank to get American products overseas.” The Association also writes that “NAM President Jay Timmons wrote an op-ed in the Wall Street Journal urging the Senate to reject Garrett’s nomination,” and that “Timmons highlighted Garrett’s past votes against the bank’s reauthorization and statements displaying opposition to the bank he seeks to head.” The article also links to additional resources from the NAM on the topic.
When company owners prepare for a sale or transfer of leadership, they must be able to clearly and effectively communicate with the next generation about how to best steer the organization through these choppy waters.