The Latest Breaking News from Supply chain

Rayonier Advanced Materials Inc (NYSE:RYAM) updated its FY22 Adjusted EBITDA guidance to ~$160 million, subject to supply chain volatility and timing of sales recognition. The company delivered $128 million of Adjusted EBITDA in FY21. "With the completion of the planned maintenance outages at all four of our manufacturing facilities by the end of…

Kennametal Inc. (NYSE:KMT) appointed Patrick S. Watson as Vice President and Chief Financial Officer (CFO), effective immediately. He is currently Vice President of Finance and Corporate Controller. Watson succeeds Damon Audia, who is leaving to pursue another opportunity. Watson has over 25 years of global finance and business experience. Before Kennametal, he held…

The Launch Academy North East is a seven month project designed to boost the region's offshore wind supply chain industry

Analysis: US to examine with fresh urgency easing reliance on China as pandemic disruptions expose global economic vulnerabilities

Krispy Kreme Inc (NASDAQ:DNUT) has promoted Josh Charlesworth to Global President and Chief Operating Officer. This newly created role will oversee the expansion of the company's global footprint and growth strategy. Charlesworth has served as Krispy Kreme's CFO since April 2017 and COO since May 2019. The company has engaged a search firm…

United Rentals (URI) reported better-than-expected first-quarter 2022 results and raised its full-year guidance. But it is expected to suffer from inflationary environment and supply chain issues. So, let’s evaluate if it is wise to bet on the stock now.

Daktronics, Inc. (NASDAQ:DAKT) reported fourth-quarter FY22 net sales growth of 38.8% year-over-year to $162.2 million, beating the consensus of $146.10 million. Orders for the quarter increased 67% Y/Y. The gross margin was 18.5% for Q4 compared to 23.6% a year earlier, and the operating margin was breakeven, compared to 1% for 4Q21. EPS…

Demand outstrips delivery with directors smarting over Covid-linked supply chain issues that stifled even higher growth

COVID-19 pandemic-led supply chain issues significantly disrupted the semiconductor industry. However, the industry is now rebounding strongly, and given semiconductors varied uses across sectors, the industry’s prospects look impressive. Against this backdrop, we think growth stocks in the semiconductor industry that currently look undervalued—Micron Technology (MU), United Microelectronics (UMC), and…

TreeHouse Foods Inc's (NYSE:THS) Executive Vice President and Chief Financial Officer William J. Kelley Jr. will step down to pursue another professional opportunity. To assist with the transition, Kelley will remain with TreeHouse through June 30, 2022. He will be succeeded on an interim basis by Chief Accounting Officer Patrick O'Donnell. The company…

The immediate future of the global supply chain rests on a bargaining table in San Francisco, where the union representing all West Coast dockworkers is hashing out a new contract with the assembled bosses of maritime shipping.