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The Latest Breaking News from Supply chain

Here's Why JP Morgan Downgraded Indian IT Sector To Underweight; Reiterated Overweight On Infosys

JP Morgan Chase & Co (NYSE: JPM) analysts said that soaring inflation, supply chain issues, and the Ukraine war would bring an end to the growth boom India's IT services industry enjoyed during the pandemic. The analysts downgraded the sector to "Underweight."

Benzinga

Tesla Pushes Back Model X Orders Leaving Some Customers Waiting 2 Years For Delivery

The supply chain issues plaguing the globe have been particularly harsh on auto manufacturers. And while Tesla Inc (NASDAQ: TSLA) has still been increasing sales, even this company is not immune from the effects.

Benzinga

Harley-Davidson Temporarily Halts Production Due To Supply Chain Issues

Harley-Davidson temporarily announced a stop to production at plants in Pennsylvania and Wisconsin due to supply chain issues in May, 2022.

RideApart

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Baby formula industry was primed for disaster long before key factory closed down

The conditions that led to a shortage of baby formula were set in motion long before the February 2022 closure of the Similac factory tipped the U.S. into a crisis.

The Conversation

Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

Caixin Global

Australia Institute disputes Victorian coal-to-hydrogen emissions claims

A think tank says a project to make hydrogen from coal is unlikely to meet its carbon reduction claims. But the criticism has been dismissed by project bosses who say the researchers have their numbers wrong.

ABC News

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez, a leading provider of an enterprise cloud commerce platform for retail and supply chain operations in the cannabis market, will integrate with Tymber's e-commerce platform, which enables cannabis retailers to enhance the omnichannel experience with cashless payments, dynamic (ice cream truck) delivery, SEO optimized menus and native mobile

Benzinga

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Government to face court hearing over links to PPE supplier accused of modern slavery

The government is facing legal action over its decision to continue using Supermax as a supplier of disposable gloves for NHS workers

The Independent UK

5 Walmart Analysts React To Mixed Q1 Earnings: 'Particularly Attractive Buying Opportunity'

Walmart Inc (NYSE: WMT) shares were in the clearance aisle Wednesday after the company reported rising costs related to supply chain problems and inflation in the first quarter.

Benzinga

Vast swath of US is at risk of summer blackouts, regulator warns

A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid. Power supplies in much of the U.S. and part of Canada will be stretched, with…

Tribune News Service

Mizuho Remains Bullish On JD Post Q1 - Read Why

Mizuho analyst James Lee maintained a Buy on JD.com, Inc (NASDAQ:JD) with a price target of $90 (75% upside). JD beat top line and margins due to its competitive advantage in supply chain and logistics, which enabled the company to gain share. The COVID lockdown impact in 2Q22 was more than Lee's expectation at 5% YoY growth,…

Benzinga

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

WEKU

2 Steel Stocks to Buy on the Dip: Nucor and United States Steel

Amid depressed demand due to China’s ongoing COVID-19-related lockdowns and disrupted global supply chains owing to geopolitical tensions, steel prices have witnessed a significant decline over the past month. However, amid the market sell-off, we think buying the stocks of fundamentally sound steel companies Nucor (NUE) and United States Steel…

StockNews.com

New airline Bonza off to a bumpy start with launch delays

Australian budget airline Bonza has again postponed its launch after global supply chain disruptions delayed the delivery of its first aircraft.

The New Daily

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Bangkok Post

Explainer: Is Thai supply chain anchored to China?

China's Covid containment measures, especially in the world's largest port city of Shanghai, have influenced Thailand's supply chain security and could cast a shadow on local manufacturers' decisions in the medium term.

Salon

Don't make baby formula at home

Amid a shortage, recipes for baby formula proliferate online. But doctors say it's not safe. Here's why

Benzinga

EXCLUSIVE: GXO Logistics CIO Provides Update On Global Supply Chain Challenges

U.S. consumers are showing resilience in the face of high inflation, according to retail sales numbers from Tuesday morning, which came in higher month-over-month.

Benzinga

Summer Infant Q1 Sales Drop 5% On Supply Chain Issues

Summer Infant Inc (NASDAQ:SUMR) reported a first-quarter FY22 sales decline of 5% year-on-year to $34.38 million, versus $36.20 million the previous year. The company attributed the revenue decline to ongoing supply chain disruptions, including some COVID-19 caused production delays. The gross profit decreased 31.8% Y/Y to $7.3 million and the profit margin contracted…

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StockNews.com

3 High-Quality Stocks in the Industrial Sector to Buy at a Discount

The industrial sector was impacted severely by COVID-19-pandemic-induced supply chain disruptions and productivity losses. But on the efforts made by the Biden administration to ease supply chain constraints, and with economic activities picking up, industrial production growth and capacity utilization should improve. Against this backdrop, we think the stocks of…

StockNews.com

Beware of These 3 Stocks That Issued Lower Guidance for 2022

Amid various current macroeconomic and geopolitical concerns, including interest rate increases, raging inflation, deepening supply chain constraints, the Russia-Ukraine war, and an economic slowdown, the stock market has been under immense pressure of late. As a result, many hard-hit companies have released lower guidance for 2022. So, considering their bleak…

Benzinga

Why Greenland Technologies Shares Are Jumping Today

Greenland Technologies Holding Corp (NASDAQ:GTEC) reported a first-quarter FY22 revenue increase of 19% to $29.3 million, beating the consensus of $24.36 million. The company attributed the top-line growth to higher sales volume, driven by continued product demand and effective supply chain management. The number of transmission products sold was 41,902 units, up…

Caixin Global

Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

Stabilizing trading companies’ business operations, and building more secure industry and supply chains are issues of paramount importance

Birmingham Post

Tech firm Kromek to post £1.2m loss after supply chain issues push back orders

The firm says supply issues have now eased and its expects demand to rise over the coming year

Evening Standard

Made.com shares plummet on profit alert and finance chief exit

The retailer warned supply chain issues would lead to a £5 million earning hit this year and said losses could be as much as £35 million for 2022

Salon

Climate change squeezes the supply chain

The baby formula shortage is one manifestation of a supply chain crisis worsened by climate change

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