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The Latest Breaking News from Supply chain

Germany records first monthly trade deficit since 1991 as inflation soars

May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base

The Guardian - UK

McDonald's warns some items could be pulled from its menu due to supply chain issues

One poster in the Kings Road branch McDonald's reads: "Due to supply chain issues, some menu items may be served with some ingredients missing and others may be temporarily unavailable."

Daily Mirror

Electric cars sold in UK passes half a million despite supply chain issues

A fifth of the electric cars on British roads were made by Tesla, the US electric car pioneer

The Guardian - UK

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Tesla's 2Q sales drop amid supply chain, pandemic problems

Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles

The Independent UK

Tesla Q2 Deliveries Fall, Hit by China’s COVID-Related Shutdown

Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain. Tesla, the world's biggest electric car maker, said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048…

Asharq Al-Awsat

NIO Set New Electric Car Sales Record In June 2022

NIO announced that the supply chain and vehicle production have fully resumed in June, which allowed the company to achieve record results.

InsideEVs

Time to Buy Winnebago Industries After Q3 Beat?

Outdoor lifestyle product manufacturer Winnebago (WGO) recently reported impressive third-quarter financials, surpassing the consensus estimates. However, is it wise to buy the dip in stock amid ongoing supply chain disruptions? Let’s find out….

StockNews.com

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Rivian Delays Deliveries In Canada Another Year, To H2 2023

Rivian continues to face difficulties related to the supply chain, which is forcing it to delay deliveries in Canada by as much as another year.

InsideEVs

GM Holds ~95,000 Vehicles Manufactured Without Certain Components - Here's Why

General Motors Co (NYSE:GM) provided a business update for 2Q22 and said its vehicle wholesale volumes were impacted by the timing of certain semiconductor shipments and other supply chain disruptions. The company said it had approximately 95 thousand vehicles in its inventory, manufactured mostly in June, without certain components. GM expects to complete…

Benzinga

General Motors Updates Guidance Following Supply Chain Disruptions: What Investors Need To Know

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

Benzinga

Here's Why VerifyMe Shares Are Trading Higher Today

VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU). VerifyMe's board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on…

Benzinga

Safer supply chains

Supply chain attacks aren't new. If the past couple of years have taught businesses anything, it's that the impact of such attacks is now universal, from the fallout of the SolarWinds software breach, to the exposed Apache Log4j vulnerability and Kaseya last year.

Bangkok Post

1 Retail Stock to Pick Up and 1 to Avoid

Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to withstand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its…

StockNews.com

Greif Inc. Vs. Packaging Corporation of America: Which Packaging Stock is a Better Buy?

The growing e-commerce industry and reviving international trade have driven the demand for sustainable packaging solutions. Despite the persistent supply chain disruptions, technological advancement and rising demand should benefit packaging stocks Greif (GEF) and Packaging Corporation of America (PKG). But which of these stocks is a better buy now? Read…

StockNews.com

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Benzinga

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga

Xerox Names COO Steve Bandrowczak As Interim CEO After John Visentin Dies Due To Ongoing Illness

Xerox Holdings Corp (NASDAQ:XRX) CEO John Visentin abruptly passed away on June 29 due to complications from an ongoing illness. Since joining Xerox in May 2018, John has been known for his "One Boat, One Team" call to action and mentality. COO Steve Bandrowczak will serve as interim CEO. Xerox registered a first-quarter FY22 sales…

The Guardian - UK

UK firms tell Rishi Sunak: time running out to save UK plc from perfect storm

Chancellor urgently needs to support companies facing rising energy prices, chronic staff shortages and supply chain issues

The Times of India

Pollution Control Board lens on 191 units to break supply chain of single-use plastic

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…

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StockNews.com

Wells Fargo Warns: Avoid These 3 Retail Stocks

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…

Benzinga

Read How Raymond James Shifts Ratings On Ulta Beauty & Sally Beauty Amid Inflation

Raymond James analysts Olivia Tong and Devin Weinstein have upgraded Ulta Beauty Inc (NASDAQ:ULTA) to Strong Buy from Outperform and raised the price target to $485 from $475, implying a 24% upside. The analysts believe the company has good prospects compared to its competitors amidst the volatile macro backdrop. They cited the high household income…

StockNews.com

2 Alternative Energy and EV Supply Chain Stocks Offering Massive Long-Term Upside

The bear market has been very challenging for investors. Based on history, we are probably about 50% through. One productive activity for investors is to make a list of the stocks to buy on weakness. A category that will continue to grow even through a recession is alternative energy and…

StockNews.com

Top Analyst Recommends These 2 Buy-Rated Freight Stocks

The coronavirus pandemic has led to a rise in freight costs, which are expected to remain elevated due to the war and the supply chain issues. Amid this, analyst Jason Seidl has recommended freight stocks Hub Group (HUBG) and XPO Logistics (XPO), which are rated Buy in our proprietary rating…

Benzinga

McCormick Q2 Earnings Miss Street View; Cuts FY22 EPS Forecast

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Benzinga

Earnings Miss, Margin Pressure, CEO Exit: Bed Bath & Beyond's Q1 Highlights

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…

Benzinga

General Mills Stock Gains on Q4 Earnings Beat

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…

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