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The Latest Breaking News from Supply chain

Telsey Advisory Cuts Price Target On This Sporting Goods Maker- Read Why

Telsey Advisory Group analyst Joseph Feldman lowered the price target on Dick's Sporting Goods Inc (NYSE:DKS) to $125 (65% upside) from $153 and kept an Outperform rating on the shares. The analyst expects DKS to have a challenging Q1 as it faces a shift in consumer spending away from discretionary categories, elevated freight costs, and…

Benzinga

Supply chain delays and steel costs are part of ‘perfect storm’ stalling renewable energy growth

Covid disruptions in China and rising costs are affecting supplies of solar panels and wind turbine parts, while domestic energy prices climb

The Guardian - AU

Digital transformation sticks in new era

Digital consumer engagement, real-time data visibility, effective supply chain approaches and flexible working conditions are expected to be important permanent practices for companies amid a shift in their business mindsets in the digital era, says consultancy Deloitte.

Bangkok Post

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Here's Why Apple Remains Top Pick For Wedbush Amid Odds

Apple Inc's (NASDAQ: AAPL) iPhone demand is "better than expected" for the quarter, and its supply chain is proving "surprisingly resilient," Wedbush's Dan Ives said:

Benzinga

4 Top-Rated Auto Parts Stocks to Buy Right Now

While continuing supply chain disruptions and a semiconductor chip shortage are marring the auto parts industry’s growth, growing demand for EVs should help the industry recover in the coming quarters. Given this backdrop, we think it could be wise to bet on quality auto parts stocks Genuine Parts (GPC), Advance…

StockNews.com

Foot Locker Posts Mixed Q1 Earnings; Eyes Upper End Of FY22 Revenue, EPS Guidance

Foot Locker Inc (NYSE:FL) reported first-quarter FY22 sales growth of 1% year-on-year to $2.17 billion, missing the consensus of $2.20 billion. Comparable-store sales decreased by 1.9%, with apparel significantly outpacing footwear. Adjusted EPS of $1.60 beat the analyst consensus of $1.55. Gross margin declined by 80 basis points, driven by higher supply chain…

Benzinga

Biden hails US-South Korea alliance on tour of Samsung plant

President Joe Biden called the U.S-South Korea alliance “a lynchpin of peace, stability, and prosperity” during a visit Friday to a Samsung Electronics Co. semiconductor complex as he seeks to bolster supply chains that reduce reliance on China.

Tribune News Service

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Why TherapeuticsMD Shares Are Trading Higher Today

TherapeuticsMD Inc (NASDAQ:TXMD) shares are trading higher after FDA approved the supplemental application, including minor revisions to Annovera's in vitro release testing specification that allowed for normal manufacturing variability. The FDA approved Annovera in August 2018 as the only long-lasting, reversible, procedure-free birth control. With the approval of the supplemental application, the company believes…

Benzinga

Nio Says Supply Chain Disruption Is Its Biggest Problem: CNBC

Chinese electric car company Nio Inc (NYSE:NIO) Chief Executive Officer William Li said the biggest challenge right now is ensuring supply chain stability, CNBC reported. The resurgence of COVID-19 cases in China and the subsequent economic restrictions had a huge impact that Nio had to suspend production temporarily. Nio delivered 5,074 vehicles in April,…

Benzinga

Harley-Davidson Suspends Motorcycle Production, Shipping For Two Weeks

Harley-Davidson Inc (NYSE:HOG) said it has suspended all vehicle assembly and shipments, excluding its electric motorbike, LiveWire, for a two-week period. The motorbike maker has taken the decision in caution of a regulatory compliance matter relating to a supplier's component part. Related: Harley-Davidson Clocks 5% Revenue Growth In Q1; Margin Shrinks Due To Supply…

Benzinga

Why True Capitalism Is the Only Thing That Can Save America — Both Economically and Socially

Americans today are facing one of the worst economic environments we’ve seen in decades, with skyrocketing inflation, supply chain shortages, and the Great Resignation, to name just a few of our current challenges.

Benzinga

Abbott's Troubled Baby Formula Michigan Plant To Reopen In 1-2 Weeks: Reuters

Abbott Laboratories (NYSE:ABT) and the FDA are reportedly on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said. Abbott, the biggest U.S. supplier of powder infant formula, including Similac, agreed with the FDA on the steps needed to resume production at…

Benzinga

Why is there a baby formula shortage in America? The supply chain and contamination calamity that left parents scrambling

With parents scrambling to track down baby formula and some families even contemplating home-brews, the US government is going to great lengths to solve the spiralling crisis.

ABC News

Here's Why JP Morgan Downgraded Indian IT Sector To Underweight; Reiterated Overweight On Infosys

JP Morgan Chase & Co (NYSE: JPM) analysts said that soaring inflation, supply chain issues, and the Ukraine war would bring an end to the growth boom India's IT services industry enjoyed during the pandemic. The analysts downgraded the sector to "Underweight."

Benzinga

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Benzinga

Tesla Pushes Back Model X Orders Leaving Some Customers Waiting 2 Years For Delivery

The supply chain issues plaguing the globe have been particularly harsh on auto manufacturers. And while Tesla Inc (NASDAQ: TSLA) has still been increasing sales, even this company is not immune from the effects.

RideApart

Harley-Davidson Temporarily Halts Production Due To Supply Chain Issues

Harley-Davidson temporarily announced a stop to production at plants in Pennsylvania and Wisconsin due to supply chain issues in May, 2022.

The Conversation

Baby formula industry was primed for disaster long before key factory closed down

The conditions that led to a shortage of baby formula were set in motion long before the February 2022 closure of the Similac factory tipped the U.S. into a crisis.

Caixin Global

Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

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ABC News

Australia Institute disputes Victorian coal-to-hydrogen emissions claims

A think tank says a project to make hydrogen from coal is unlikely to meet its carbon reduction claims. But the criticism has been dismissed by project bosses who say the researchers have their numbers wrong.

Benzinga

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez, a leading provider of an enterprise cloud commerce platform for retail and supply chain operations in the cannabis market, will integrate with Tymber's e-commerce platform, which enables cannabis retailers to enhance the omnichannel experience with cashless payments, dynamic (ice cream truck) delivery, SEO optimized menus and native mobile

The Independent UK

Government to face court hearing over links to PPE supplier accused of modern slavery

The government is facing legal action over its decision to continue using Supermax as a supplier of disposable gloves for NHS workers

Benzinga

5 Walmart Analysts React To Mixed Q1 Earnings: 'Particularly Attractive Buying Opportunity'

Walmart Inc (NYSE: WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.

Tribune News Service

Vast swath of US is at risk of summer blackouts, regulator warns

A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid. Power supplies in much of the U.S. and part of Canada will be stretched, with…

Benzinga

Mizuho Remains Bullish On JD Post Q1 - Read Why

Mizuho analyst James Lee maintained a Buy on JD.com, Inc (NASDAQ:JD) with a price target of $90 (75% upside). JD beat top line and margins due to its competitive advantage in supply chain and logistics, which enabled the company to gain share. The COVID lockdown impact in 2Q22 was more than Lee's expectation at 5% YoY growth,…

WEKU

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

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