The Latest Breaking News from Supply chain

Electric cars sold in UK passes half a million despite supply chain issues

A fifth of the electric cars on British roads were made by Tesla, the US electric car pioneer

The Guardian - UK · Jul 3, 2022

Tesla's 2Q sales drop amid supply chain, pandemic problems

Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles

The Independent UK · Jul 2, 2022

Tesla Q2 Deliveries Fall, Hit by China’s COVID-Related Shutdown

Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain. Tesla, the world's biggest electric car maker, said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048…

Asharq Al-Awsat · Jul 2, 2022

General Motors Updates Guidance Following Supply Chain Disruptions: What Investors Need To Know

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

Benzinga · Jul 1, 2022

Here's Why VerifyMe Shares Are Trading Higher Today

VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU).  VerifyMe's board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on…

Benzinga · Jul 1, 2022

Safer supply chains

Supply chain attacks aren't new. If the past couple of years have taught businesses anything, it's that the impact of such attacks is now universal, from the fallout of the SolarWinds software breach, to the exposed Apache Log4j vulnerability and Kaseya last year.

Bangkok Post · Jun 30, 2022

1 Retail Stock to Pick Up and 1 to Avoid

Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to withstand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its…

StockNews.com · Jun 30, 2022

Greif Inc. Vs. Packaging Corporation of America: Which Packaging Stock is a Better Buy?

The growing e-commerce industry and reviving international trade have driven the demand for sustainable packaging solutions. Despite the persistent supply chain disruptions, technological advancement and rising demand should benefit packaging stocks Greif (GEF) and Packaging Corporation of America (PKG). But which of these stocks is a better buy now? Read…

StockNews.com · Jun 30, 2022

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga · Jun 30, 2022

Xerox Names COO Steve Bandrowczak As Interim CEO After John Visentin Dies Due To Ongoing Illness

Xerox Holdings Corp (NASDAQ:XRX) CEO John Visentin abruptly passed away on June 29 due to complications from an ongoing illness. Since joining Xerox in May 2018, John has been known for his "One Boat, One Team" call to action and mentality. COO Steve Bandrowczak will serve as interim CEO.  Xerox registered a first-quarter FY22 sales…

Benzinga · Jun 30, 2022