The Latest Breaking News from Supply chain

Kolkata: The West Bengal Pollution Control Board (WBPCB) — which asked the 191 plastic carry bag manufacturers to stop producing single-use plastic (SUP) bags or anything below the thickness of 75-micron — also started monitoring the units to stop the supply chain of SUP. The WBPCB has identified 1,194 plastic…

The retail industry has been facing significant macroeconomic headwinds, including unprecedented supply chain disruptions and rising prices. Amid slowing consumer demand, Wells Fargo suggests avoiding retail stocks of Bed Bath & Beyond (BBBY), JOANN (JOAN), and Wayfair (W). These stocks are also rated Strong Sell or Sell in our proprietary…

Bed Bath & Beyond Inc (NASDAQ:BBBY) reported a first-quarter FY22 sales decline of 25% year-on-year to $1.46 billion, missing the consensus of $1.54 billion. Comparable sales declined 23%. Adjusted gross margin contracted 1,110 basis points to 23.8%. Adjusted EBITDA loss was $(224) million, with the adjusted EBITDA margin at (15.3)% versus 4.4% last…

General Mills Inc (NYSE:GIS) reported fourth-quarter FY22 sales growth of 8% year-on-year to $4.89 billion, beating the consensus of $4.81 billion. North America Retail segment sales increased 11% Y/Y to $3 billion. Pet segment sales increased 37% to $610 million, while International segment sales fell 21% to $750 million. Adjusted EPS of $1.12…

Renesas Electronics Corp (OTC:RNECY), a premier supplier of advanced semiconductor solutions, collaborated with Tata Motors Ltd (NYSE:TTM) and Tejas Networks Ltd. (Tejas), both Tata Group companies. The partnership builds on their longstanding relationship as technology and business partners.  Also Read: More Trouble For Semiconductor Industry's Revival as Japanese Chipmakers See Engineers Shortage Renesas, with deep…

Australian egg producers say there are plenty of eggs in the market despite disruptions to the industry supply chain.

Soaring supply chain costs and a cut in household spending is sending inflation sky high.

Cognyte Software Ltd (NASDAQ:CGNT) reported a first-quarter FY23 non-GAAP revenue decline of 24.7% year-on-year to $86.7 million, missing the consensus of $112.6 million. Segments: Software revenue declined by 51.8% Y/Y to $24.9 million.  Software service revenue fell 9.7% Y/Y to $45.8 million.  Professional service and other revenue increased 27.8% Y/Y to $15.7 million. The…

Some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues.