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The Latest Breaking News from Supply chain

2 Steel Stocks to Buy on the Dip: Nucor and United States Steel

Amid depressed demand due to China’s ongoing COVID-19-related lockdowns and disrupted global supply chains owing to geopolitical tensions, steel prices have witnessed a significant decline over the past month. However, amid the market sell-off, we think buying the stocks of fundamentally sound steel companies Nucor (NUE) and United States Steel…

StockNews.com

New airline Bonza off to a bumpy start with launch delays

Australian budget airline Bonza has again postponed its launch after global supply chain disruptions delayed the delivery of its first aircraft.

The New Daily

Explainer: Is Thai supply chain anchored to China?

China's Covid containment measures, especially in the world's largest port city of Shanghai, have influenced Thailand's supply chain security and could cast a shadow on local manufacturers' decisions in the medium term.

Bangkok Post

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Don't make baby formula at home

Amid a shortage, recipes for baby formula proliferate online. But doctors say it's not safe. Here's why

Salon

EXCLUSIVE: GXO Logistics CIO Provides Update On Global Supply Chain Challenges

U.S. consumers are showing resilience in the face of high inflation, according to retail sales numbers from Tuesday morning, which came in higher month-over-month.

Benzinga

Summer Infant Q1 Sales Drop 5% On Supply Chain Issues

Summer Infant Inc (NASDAQ:SUMR) reported a first-quarter FY22 sales decline of 5% year-on-year to $34.38 million, versus $36.20 million the previous year. The company attributed the revenue decline to ongoing supply chain disruptions, including some COVID-19 caused production delays. The gross profit decreased 31.8% Y/Y to $7.3 million and the profit margin contracted…

Benzinga

3 High-Quality Stocks in the Industrial Sector to Buy at a Discount

The industrial sector was impacted severely by COVID-19-pandemic-induced supply chain disruptions and productivity losses. But on the efforts made by the Biden administration to ease supply chain constraints, and with economic activities picking up, industrial production growth and capacity utilization should improve. Against this backdrop, we think the stocks of…

StockNews.com

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Beware of These 3 Stocks That Issued Lower Guidance for 2022

Amid various current macroeconomic and geopolitical concerns, including interest rate increases, raging inflation, deepening supply chain constraints, the Russia-Ukraine war, and an economic slowdown, the stock market has been under immense pressure of late. As a result, many hard-hit companies have released lower guidance for 2022. So, considering their bleak…

StockNews.com

Why Greenland Technologies Shares Are Jumping Today

Greenland Technologies Holding Corp (NASDAQ:GTEC) reported a first-quarter FY22 revenue increase of 19% to $29.3 million, beating the consensus of $24.36 million. The company attributed the top-line growth to higher sales volume, driven by continued product demand and effective supply chain management. The number of transmission products sold was 41,902 units, up…

Benzinga

Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

Stabilizing trading companies’ business operations, and building more secure industry and supply chains are issues of paramount importance

Caixin Global

Tech firm Kromek to post £1.2m loss after supply chain issues push back orders

The firm says supply issues have now eased and its expects demand to rise over the coming year

Birmingham Post

Made.com shares plummet on profit alert and finance chief exit

The retailer warned supply chain issues would lead to a £5 million earning hit this year and said losses could be as much as £35 million for 2022

Evening Standard

Climate change squeezes the supply chain

The baby formula shortage is one manifestation of a supply chain crisis worsened by climate change

Salon

There's a shortage of graduation garb

Staff shortages, supply chain issues from the past year and new shutdowns in China related to COVID-19 are all to blame.

Axios

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Wales Online

Public swimming pools forced to close amid 'Europe-wide' chlorine shortage

A 'global supply chain' issue has been blamed

StockNews.com

5 Top-Rated Stocks Under $5 to Buy This Month

Surging inflation and the probability the Federal Reserve will tighten its monetary policy further have driven a massive market sell-off lately. Amid ongoing geopolitical tensions and intensifying supply chain disruptions, investors fear that rising interest rates could push the economy into a recession. Therefore, we think it could be wise…

StockNews.com

3 Hard-Hit Engineering & Construction Stocks to Buy Right Now

Amid rising raw material costs, supply chain constraints, and labor shortages, the engineering and construction industry took a hit over the past few months. However, with a steady increase in spending across the construction sector and rising federal investments, the industry is expected to rebound soon. Given this growth prospect,…

Benzinga

Why Applied UV Shares Are Surging Today

Applied UV Inc (NASDAQ:AUVI) subsidiary MunnWorks, a custom manufacturer of luxury mirrors and furniture for the hospitality market, has received a model room order from the Renaissance Cleveland Hotel. Upon successful acceptance of the Model Room order, a follow-on $2 million order is expected. The furnishing will be done in a 100,000 square…

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Benzinga

Lightning eMotors Clocks 18% Revenue Growth In Q1

Lightning eMotors Inc (NYSE:ZEV) reported first-quarter revenue growth of 18% year-over-year to $5.4 million, missing the consensus of $5.53 million. The gross loss expanded to $(2.31) million, compared to $(0.727) million a year ago. EPS loss narrowed to $(0.14) from $(0.83) in 1Q21. Adjusted net loss was $(18.7) million, compared to $(6.8) million…

Benzinga

Why FIGS Shares Are Trading Lower Today

FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew 31.1% to 2 million, and the average order value increased 16% to $116. The gross margin contracted by 40 basis points to 71.2%, driven by higher air freight spending and…

Asharq Al-Awsat

Iran Arrests at Least 22 Protesting Staple Food Price Hikes

Iranian authorities have arrested at least 22 demonstrators who had been protesting sudden price hikes of subsidized staple foods in two southern cities, state media reported early Friday. The arrests follow Iran's announcement this week that the cost of cooking oil, chicken, eggs and milk would rise by as much…

Benzinga

Technology Is Key To Weathering The Inflation Storm

By Martin Kotula

ABC News

Billion-dollar infrastructure budget blowout highlights impact of labour, supplies shortages

While much has been made of the effects rising costs and labour shortages are having on housing construction in Perth, the state budget lays bare the impact on the state's finances — and it's a billion-dollar problem.

Benzinga

Holley Tops Q1 Amid Supply Chain Disruptions, Inflationary Headwinds

Holley Inc (NYSE:HLLY) reported first-quarter FY22 sales growth of 24.8% year-on-year, to $200.1 million, beating the consensus of $189.97 million. The gross profit increased 25.9% Y/Y to $82.7 million, with the margin expanding 30 basis points to 41.3%. Selling, general and administrative expenses increased 43% to $34.3 million. The operating margin was 18%,…

Benzinga

Better Choice Clocks 57% Revenue Growth In Q1; Plans Buyback

Better Choice Company Inc (NYSE:BTTR) reported first-quarter FY22 sales growth of 57% year-on-year, to $17 million, beating the consensus of $15.24 million. The gross profit increased 10.1% Y/Y to $4.7 million with a profit margin of 27.7%. Operating expenses declined 7.9% to $8.7 million. The operating loss narrowed to $(3.96) million versus a…

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