The Latest Breaking News from Supply chain

Morrisons in McColl's 'rescue talks' as chain warns 1,100 stores are at risk

The retailer has been in discussions with potential lenders - including Morrisons - to shore up the business, which struggled badly during the pandemic due to supply chain issues, inflation and a heavy debt burden

Daily Mirror · May 6, 2022

Tesla Raises Model Y Prices Again In Canada Amid Inflation, Supply Chain Woes

Tesla, Inc.'s (NASDAQ: TSLA) Model Y SUVs have become more expensive in Canada following another round of price hikes in the country.

Benzinga · May 6, 2022

Glasgow jobs at risk as McColl's teeters on brink of collapse

The retailer has been in discussions with potential lenders to shore up the business, which struggled badly during the pandemic due to supply chain issues, inflation and a heavy debt burden.

Glasgow Live · May 5, 2022

Wrangler, Lee Parent's Q1 Earnings Exceed Street View; Cuts Q2 EPS Outlook

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

Benzinga · May 5, 2022

Cardinal Health's Shares Fall as Inflation and Supply Chain Constraints Hit Q3 Earnings

Cardinal Health Inc (NYSE:CAH) has reported Q3 FY22 adjusted EPS of $1.45, down 5% Y/Y, missing the consensus of $1.52 Q2 sales increased 14% Y/Y to $44.8 billion, beating the consensus estimate of $43.16 billion. The pharmaceutical segment increased 17% to $41 billion, driven primarily by branded pharmaceutical sales growth from large…

Benzinga · May 5, 2022

Xinjiang cotton found in Adidas, Puma and Hugo Boss tops, researchers say

Traces in shirts and T-shirts appear to contradict German firms’ promises to revise supply chains

The Guardian - UK · May 5, 2022

ChipMOS Clocks 4% Revenue Growth in Q1; Margin Expands Amid Inflation, Supply Chain Woes

ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) reported first-quarter FY22 revenue growth of 4% year-on-year to $235 million. Revenue decreased by 1% Q/Q. The gross margin expanded 80 bps amid global inflation and supply chain constraints. Net non-operating income was $8 million versus $0.9 million a year ago.  Earnings per basic ADS were $1.18 versus $0.92…

Benzinga · May 5, 2022

Not enough houses: a look at why South Florida is suffering from a severe lack of inventory

A severe shortage of housing has plagued South Florida home buyers, helping fuel the insane real estate market.

Tribune News Service · May 5, 2022

Phibro Animal Reports Mixed Q3 Earnings, Lifts FY22 Sales Outlook

Phibro Animal Health Corp (NASDAQ:PAHC) posted Q3 FY22 sales of $239.6 million, +13% Y/Y, beating the consensus of $226.26 million. Adjusted EPS decreased 3% to $0.33, missing the consensus of $0.35. The gross margin decreased 280 basis points to 29.9%. Adjusted EBITDA of $28.0 million, comparable to the prior year. "Our fiscal…

Benzinga · May 5, 2022

China's Covid controls prompting firms to consider moving elsewhere

SHENZHEN: European businesses in China are increasingly looking to shift their investments to other markets due to the country's strict Covid-19 containment measures and supply chain disruptions, the European Chamber of Commerce in China said on Thursday.

Bangkok Post · May 5, 2022