The Latest Breaking News from Supply chain

What Elon Musk's new side job could mean for Tesla

Tesla's on a hot streak, posting several quarters of record sales and profit despite the supply chain crunch.

Axios · Apr 26, 2022

UPS Stock Gains After Beating Q1 Estimates, Plans $2B Share Buyback In FY22

United Parcel Service, Inc.(NYSE:UPS) reported first-quarter FY22 revenue growth of 6.4% year-over-year to $24.4 billion, beating the consensus of $23.79 billion. U.S. Domestic Segment revenue increased by 8% Y/Y to $15.12 billion, driven by a 9.5% increase in revenue per piece. The adjusted operating margin was 11.3%, up by 83 bps.…

Benzinga · Apr 26, 2022

Entegris Registers 27% Revenue Growth In Q1 Aided By Growth Across All Divisions

Entegris, Inc (NASDAQ:ENTG) reported first-quarter FY22 sales growth of 27% year-on-year to $649.6 million, beating the consensus of $640.9 million. Revenue from Specialty Chemicals and Engineered Materials segment rose 17.9% Y/Y to $196.4 million; Microcontamination Control expanded 28.7% Y/Y to $266.6 million; Advanced Materials Handling improved 33.4% Y/Y to $198.1 million. Margins: The adjusted…

Benzinga · Apr 26, 2022

VerifyMe Scoops Assets Of Logistics Management Company PeriShip To Gain New Entry Point In Pharma Market

VerifyMe Inc (NASDAQ:VRME) acquired the assets of PeriShip, LLC in a transaction worth $10.5 million. The consideration consisted of $7.5 million cash, $1.0 million in VerifyMe shares, and a $2.0 million promissory note. PeriShip is a value-added service provider of shipping and logistics management for the perishable healthcare and food industries. PeriShip was…

Benzinga · Apr 25, 2022

Lennox Q1 Earnings Beat Estimates; Margin Contracts On Supply Chain Woes

Lennox International Inc (NYSE:LII) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.01 billion, beating the consensus of $961.61 million. Revenue in the Residential Heating & Cooling business segment increased 13% Y/Y to $682 million, Commercial Heating & Cooling business declined 6% to $188 million, and the Refrigeration business jumped 15% to…

Benzinga · Apr 25, 2022

Guilt-free apparel: the ethical clothing brand providing an alternative to fast fashion

One day at a time, Huel is working to overcome exploitation further up the supply chain, while making clothes that last – which is why each of its garments is backed by a five-year guarantee

The Guardian - UK · Apr 25, 2022

Graphic Chip Price Drop Raises Questions on Whether End of Shortage Is in Sight

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. As Intel, Qualcomm and others report, investors will weigh how…

Asharq Al-Awsat · Apr 25, 2022

Aberdeen to host second round of transatlantic trade talks

Negotiations will focus on digital innovation, green trade, supporting SMEs and supply chain resilience

Insider UK · Apr 25, 2022

Pharmacists in England face abuse from patients due to drug shortages

Brexit, Covid and supply chain problems have disrupted availability of medicines

The Guardian - UK · Apr 25, 2022

Shanghai Covid Lockdown Threatens New Export Delays

Nearly a third of goods leaving the Port of Shanghai are held up due to a strict lockdown. The delays are set to exacerbate a supply chain crisis that has caused shortages and price rises across the world.

The News Lens · Apr 25, 2022