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The Latest Breaking News from Supply chain

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

The Guardian - US

How should Joe Biden and Democrats address inflation before November? Experts respond

If president can’t get control of inflation and help working families, ‘Trump will have a certain “I told you so” vote’ in 2024

The Independent UK

Juniper Networks Stock Slides On Mixed Q1 Earnings, In-line Q2 Outlook, Supply Chain Issues

Juniper Networks, Inc. (NYSE:JNPR) reported first-quarter revenue growth of 9% year-over-year to $1.17 billion, beating the consensus of $1.16 billion. The operating margin grew to 5% in Q1 from 2.6% last year. The adjusted operating margin was 11.8%, a decrease from 12.1% in 1Q21. Adjusted EPS declined to $0.31 from $0.56 a…

Benzinga

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read the most diverse news in one place.

General Motors lifts 2022 profit forecast after mixed Q1

New York (AFP) - General Motors lifted its 2022 net income forecast Tuesday following a mixed quarter as it benefitted from strong consumer demand amid high vehicle prices despite lingering supply chain problems.

AFP

4 Medical Distributor Stocks That Deserve a Place in Your Portfolio

The rising demand for drugs and other medical products over the past few years has significantly increased the importance of healthcare distributors. Furthermore, the adoption of advanced and emerging technologies in the healthcare supply chain should help the medical distribution market grow robustly. So, we think the shares of fundamentally…

StockNews.com

Why NFI Group Shares Are Falling Today

NFI Group Inc (TSX:NFI) (OTC:NFYEF) has been downgraded to Market Perform from Outperform by BMO Capital analyst Jonathan Lamers. The analyst also lowered the price target to C$15.50, from C$21. Lamers stated that he is concerned with downside risk to the company's 2022 guidance as supply chain challenges are unlikely to improve in the near…

Benzinga

Daseke: A Growth Stock That's Undervalued

The price of shares of the premier North American transportation solutions specialist Daseke (DSKE) have gained in double digit percentage terms over the past year, outperforming the benchmark indexes. And as global supply chain disruptions continue, analysts expect DSKE's financials to improve in the coming months. We think that given…

StockNews.com

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Why Are Polaris Shares Trading Lower Today

Polaris Inc (NYSE:PII) reported first-quarter FY22 sales of $1.96 billion, missing the consensus of $2.12 billion. Sales for the quarter remained relatively flat to last year, impacted by continued supply chain pressures. Sales from Off-Road Vehicles rose 2%, Marine climbed 6%, and On-Road segment fell 4%. Adjusted EPS of $1.29 missed the consensus…

Benzinga

General Electric Q1 Print Shows Strong Orders, But One Issue Continues

General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.

Benzinga

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

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

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

Lucid Green Secures $10M In Financing To Power Intelligent Cannabis UPC Platform

Lucid Green — the intelligent UPC platform transforming the entire cannabis supply chain — has announced its $10 million Series B funding round led by Gron Ventures, with participation by Gotham Green Partners.

Benzinga

BMW And Audi Reportedly Halt Shipments To China By Rail: What You Need to Know

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics.

Benzinga

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StockNews.com

5 Stocks on the Dow Jones Transportation Average Worth Buying

Given the deepening supply chain crisis, the heightened need for transportation services and consequent rise in shipping rates should benefit companies in this space. The Dow Jones Transportation Average gained marginally over the past week compared to the Dow Jones Industrial Average’s 2.7% loss. So, prominent transportation stocks in the…

Newsroom.co.nz

Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Benzinga

Ryder Opens Third Multiclient Distribution Center In Columbus

Ryder System, Inc. (NYSE:R) opened a third multiclient omnichannel distribution center in Columbus, Ohio. The center is ~440,000 square feet and is the largest Ryder e-commerce distribution center in the Columbus area. "This latest expansion aligns with our broader strategy to get ever-closer to the end consumer to continually improve our customers'…

Benzinga

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…

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AFP

Philips take hit by supply problems, respirator recall

The Hague (AFP) - Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.

Benzinga

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…

The Guardian - UK

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

Asharq Al-Awsat

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…

AFP

China lockdowns, rate hike fears batter stock markets

Hong Kong (AFP) - Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains.

AFP

Markets hit China economy worries, rate hike fears

Hong Kong (AFP) - Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains.

Insider UK

Aberdeen to host second round of transatlantic trade talks

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

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