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The Latest Breaking News from Supply chain

Stocks Edge Lower, Jackson Hole, Dell, Gap And Marvell Technology In Focus - Five Things To Know

Stock futures slip ahead of key Jackson Hole speech; Fed inflation gauge may give Powell more evidence of peak price pressures; Dell shares tumble after muted PC demand outlook; Gap shares surge after Banana Republic drives solid Q2 sales and Marvell shares move lower on supply chain caution in chip…

The Street

Bega Cheese profits slide but revenue grows to $3 billion as company announces full-year results

Bega Cheese shares have soared by 12 per cent after the company revealed a "milestone" revenue jump and a positive outlook for the coming year, despite a 69 per cent drop in statutory profits.

ABC News

Peloton Stock Slumps On Wider Q4 Loss, McCarthy Bets On Turnaround

"Q4 will be the high water mark for write-offs and restructuring charges related to inventory and supply chain issues and the beginning of the comeback story for Peloton." said CEO Barry McCarthy.

The Street

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Woolworths hopes for return to normalcy

Woolworths says supply chain disruptions, shortages, absenteeism and flooding led to financial performance that was below the supermarket giant's aspirations.

AAP

Nvidia Stock Slips Lower After Weaker Q2 Earnings, Muted Near-Term Outlook

“We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” said CEO Jensen Huang.

The Street

A Major Heatwave In China Is The Next Global Supply Chain Disruptor

A heatwave that's lasted for over two months as of late August, 2022, has been making things more difficult for local people, as well as multiple industries.

RideApart

UK port strike threatens to deepen supply chain and price woes

London (AFP) - A strike over pay at Britain's largest container port threatens to spark fresh delays and rising costs for companies and consumers alike, but logistics experts say there should be no product shortages.

AFP

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Supply Chain start-up WIZ Freight to spend ₹300 crore on R&D

CHENNAI

The Hindu

Iceland boss warns food prices will get worse as we face 'perfect storm'

The boss of the frozen food chain said he expects to see further supply chain issues in the coming months

Wales Online

Germany, Canada partner on transatlantic hydrogen trade

Ottawa (AFP) - The leaders of Canada and Germany signed a green hydrogen deal on Tuesday, laying a path for a transatlantic supply chain as Europe seeks to lessen its dependence on Russian energy.

AFP

2 Industrial Stocks That'll Help Build Your Portfolio

The industrial sector is still struggling with supply chain constraints dampening productivity. However, strong demand for goods and acceleration in advanced technology adoption should support growth in the sector. Given the backdrop, we think investing in fundamentally sound industrial stocks Ryerson Holding (RYI) and Tennant Company (TNC) could help build…

StockNews.com

What Are The Most Innovative Cannabis Brands Out There? Benzinga's Cannabis Capital Conference Aims To Find Out

Strictly speaking, innovating in cannabis represents the improvement of a function of production or the introduction of a new material that creates value for markets. Cannabis innovation can be seen along the cannabis supply chain.

Benzinga

If factories don't return to US now, they never will

The Chips and Science Act that President Biden signed earlier this month is just the latest indication that the planets are aligning for a return of manufacturing to the U.S. Proponents have pushed for so-called reshoring for years, but it has never quite panned out. With the supply chain crisis…

Tribune News Service

Kromek raises £1.14m from shareholders to counter future supply chain issues

The radiation tech company has now raised £2.84m from existing shareholders in two separate fundraises

Birmingham Post

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Evening Standard

4 of the biggest cyber security risks we face in the UK today, according to experts

From cloud account compromise to supply chain risk, we ask security leaders in private and governmental roles about the biggest threats facing our businesses today

AFP

UK dock workers' union threatens further strikes

London (AFP) - A trade union on Monday warned of more strikes at the UK's largest container port if pay demands are not met, threatening to cause further disruptions to the supply chain.

Evening Standard

Felixstowe: Fears strike at major port will cause shortages in run-up to Christmas

Unite boss admits there will be ‘severe’ disruptions to the supply chain caused by the strike

Evening Standard

Price of a pint of of beer in London surging towards £14, according to analysis

A pint of beer in London is on track to hit £14 in just two and a half years if inflation and energy costs continue to surge, new research predicts.Higher energy costs, wages and supply chain issues have meant businesses have been forced to pass on costs to customers with…

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Dynamite News

Vegetable prices soar in Bhubaneswar amid Odisha flood

Prices of vegetables have shot up in the markets of Bhubaneswar as several districts of Odisha have been reeling under flood, leading to crop damage and supply chain disruption. Read more on Dynamite News:

Tribune News Service

Car repair delays have dealerships, customers equally frustrated

The auto industry, like many others, is in the midst of a perfect storm of misfortunes.

The Conversation

UK strikes: how industrial action at a major port could disrupt supplies of clothing, cars and canned food

The ability to move products from A to B has been affected by COVID and Brexit-related bottlenecks in recent years, as well as rising concerns about the environmental impact of how companies supply our goods. The unpredictability of global markets has continued to affect logistics in 2022. In addition to…

The Street

Deere Stock Tumbles As Supply Chain Pressures Bring Q3 Earnings Miss, Profit Forecast Cut

Deere's third quarter profits "reflected higher costs and production inefficiencies driven by the difficult supply-chain situation," said CEO John May.

Crikey

Climate change to hit food supply chains

Climate change will impact food supply chains with income, food and nutrient availability, with rural communities to be hit hardest, a study shows.

The Street

Cisco Systems Stock Leaps On Q4 Earnings Beat, 2023 Sales Outlook As Supply Chain Pressures Ease

"Overall supply constraints began to ease slightly at the back half of the fourth quarter and continuing into the start of the first quarter," said CEO Chuck Robbins.

Reason

The Pandemic Home-Building Boom Is Over

Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.

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