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The Latest Breaking News from Supply chain

Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been cancelled, postponed or rerouted to…

The Conversation

VW CEO Follows GM's Lead, Reiterating Goal To Overtake Tesla By 2025

VW Group CEO Diess shared that once the supply chain issues are resolved, it should help Volkswagen to start ramping up momentum once again.

InsideEVs

Who Can Beat Tesla On EV Sales? This Company CEO Believes So

Volkswagen AG (OTC:VWAGY) CEO Herbert Diess said Volkswagen can overtake Tesla, Inc. (NASDAQ:TSLA) as the world’s largest seller of electric vehicles by 2025, CNBC reported. Stabilizing supply chain woes would help the German carmaker to increase production in the coming months, the CEO said. He expects some relief from the semiconductor supply market to…

Benzinga

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Caladrius Biosciences Stops Enrollment In Mid-Stage Heart Disease Study

Caladrius Biosciences Inc (NASDAQ:CLBS) suspended patient enrollment in its Phase 2b FREEDOM Trial of Xowna for coronary microvascular dysfunction (CMD). As previously communicated, the pandemic impacted the enrollment in the FREEDOM Trial coupled with supply chain issues making enrollment much slower and challenging to accelerate. The FREEDOM trial enrolled approximately one-third of the…

Benzinga

Davos 2022: EU eyes ban on Russian oil as leaders discuss energy independence

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

France 24

31 energy companies beg PM not to hit them with a windfall tax

There are calls for a one-off tax on companies making billions of pounds a month to help families unable to afford gas and electricity

Wales Online

Read How Analyst Reacted To Deere's Q2 Results

Deere & Company (NYSE:DE) reported second-quarter FY22 results on Friday; below are the reactions from the analysts. Wells Fargo analyst Seth Weber lowered the price target for Deere to $410 (an upside of 22%) from $455 while maintaining the Overweight rating on the shares. The analyst understands angst around the rebalance but doesn't…

Benzinga

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5 Stocks to Buy on the Next Market Pullback

Persisting factors like the multi-decade high inflation, deepening supply chain constraints, and the expectation of a recession due to the Federal Reserve’s aggressive policy tightening could lead to a further market pullback. So, it could be wise to bet on fundamentally sound stocks Nutrien (NTR), Centene (CNC), Itochu (ITOCY), Steel…

StockNews.com

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

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

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Tribune News Service

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.

Benzinga

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…

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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…

ABC News

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.

Benzinga

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

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.

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