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The Latest Breaking News from Supply chain

Lands' End Inc (NASDAQ:LE) reported a first-quarter FY22 sales decline of 5.5% year-on-year to $303.67 million, missing the consensus of $327.97 million. Global eCommerce revenue decreased 15.7% Y/Y. Net revenue in U.S. eCommerce fell 14.1%, and International eCommerce declined 21.7%, reflecting delayed receipts of key products due to global supply chain and macroeconomic challenges.…

Benzinga

Here's Why Apple Beat Its Chinese Peers Amid China's Slowdown, Covid Resurgence

China, the biggest smartphone market, will likely shrink by 38 million units in 2022, down 11.5% from 2021 and accounting for about 80% of the global reduction in shipment volume thanks to the economic slowdown as global markets drop by 3.5%, the IDC reports. IDC previously saw the global market growing…

Benzinga

Demand at food banks is way up again. But inflation makes it harder to meet the need

High food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.

WEKU

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Zara Owner Inditex Set to Benefit from Higher Prices

Fashion giant Zara's owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than rivals without damaging its sales, analysts said. As a cost of living crisis intensifies across the region, Europe's retailers are facing a tricky balancing act between passing on rising supply…

Asharq Al-Awsat

The Biden administration has announced new funding to help food supply chains

Agriculture Secretary Tom Vilsack on Wednesday unveiled $2 billion in new funding to strengthen food supply chains hard hit by the pandemic.

WEKU

2 Retail Stocks to Avoid After Cutting 2022 Guidance

Retail companies have been facing several macroeconomic challenges of late that include elevated inflation and supply chain disruptions aggravated by Russia’s invasion of Ukraine. After reporting poor first-quarter earnings, some hard-hit retail companies slashed their earnings guidance for 2022. Thus, we think it could be wise to avoid the stock…

StockNews.com

BofA 'Cautiously Optimistic' On JD.com

JD.com Inc (NASDAQ: JD) indicated that it has seen some improvement in its logistics and supply chain capacity in the recent week, while experiencing some sequential recovery and pent-up demand, according to BofA Securities.

Benzinga

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Should You Add Sonder Holdings to Your Portfolio?

Leading next-generation hospitality company Sonder Holdings (SOND) has made significant progress in expanding its live-unit footprint to capitalize on the growing demand for travel and leisure services. However, given that fears about surging inflation and supply chain disruptions could weigh heavily on its stock, would it be wise to add…

StockNews.com

Volkswagen Chief Sees EV War Intensifying With Tesla

Volkswagen AG (OTC:VWAGY) chief saw Tesla, Inc (NASDAQ:TSLA) needs to ramp up highly complex factories and acquire qualified workers to win the electric vehicle race despite its twice the industry pace in multiple processes, Reuters reports. Tesla, which posed a challenge to German EV production with its new plant near Berlin, was privileged by…

Benzinga

Nio Vs. XPeng Vs. Li Auto: How May Deliveries Stack Up

U.S.-listed Chinese electric vehicle manufacturers Nio, Inc. (NYSE: NIO), XPeng, Inc. (NYSE: XPEV) and Li Auto, Inc.

Benzinga

Global factory growth stunted by war, China's COVID curbs

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

Reuters

Lorry driver conditions should be ‘improved or sector should face a new tax’

A cross-party group of MPs said it is “key” that lorry drivers have better roadside facilities to end a labour shortage in the haulage sector

The Independent UK

Analysts Slash Price Target On This Home Furnishing Retailer - Read Why

Telsey Advisory Group analyst lowered the price target on RH (NYSE:RH) to $400 (35% upside) from $510 and maintained an Outperform rating on the shares. The analyst said there was a broader deceleration in demand for home furnishings but has been more evident at low and mid-tier priced retailers. The analyst believes RH has had…

Benzinga

Shoppers’ woe, as fresh favourites disappear from supermarket shelves

Supermarkets are battling to keep shelves stocked with fresh fruit and vegetables as extreme weather and COVID-related supply chain issues continue to bite.

The New Daily

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ABC News

OzHarvest food charity dishes up its 50 millionth free meal as grocery bills skyrocket

One of the country's biggest food charities says it is facing unprecedented demand as the cost of groceries continues to rise, with supply chain pressures and widespread flooding also contributing to price hikes.

StockNews.com

3 'Strong Buy' Fertilizer Companies to Help Grow Your Portfolio

The Russia-Ukraine war has caused a widespread food and fertilizer shortage, with prices hovering around record highs. However, robust federal spending policies are expected to improve the supply chain bottleneck. So, amid the strong demand for food and fertilizers, we think the stocks of quality fertilizer companies Nutrien (NTR), Yara…

StockNews.com

2 Strong Tech Stocks Amid a Weak Market That Should Continue to Outperform

Concerns over the Federal Reserve’s tighter monetary policy to fight inflationary pressure, lingering supply chain disruptions, and an anticipated economic slowdown have driven the recent tech rout. However, given their strong financials and promising growth prospects, we think betting on the stocks of technology companies Amdocs (DOX) and Sanmina (SANM)…

Benzinga

PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

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Benzinga

Toyota Cuts Production Plan For June Again

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

The Guardian - US

Helium shortage disrupts celebrations – and even US weather service

Supply chain disruptions, including production plant closures and the 2017 embargo on Qatar, have caused shortage

ABC News

Alvey Reels set to close Australian-owned company due to cost pressures

The owner of an Australian reel manufacturer says he will close his 102-year-old company rather than have his products made offshore after supply chain issues and "drastic cost increases" forced his hand.

Benzinga

Ball Partners With Manna Capital - Read Why

Ball Corp (NYSE:BALL) is partnering with private investment firm Manna Capital Partners in which the latter will construct and operate an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill.…

Reuters

Canada's delayed ban of Huawei gear exposes lack of Indo-Pacific strategy

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

ABC News

Supply chain dramas result in increased home-grown demand for Aussie-made toilet paper, tissues

An Australian mill is reaping the reward of supply chain disruptions, reporting a 10 per cent increase in demand.

Tribune News Service

Buttigieg, Canadian official discuss lessons from Ambassador Bridge shutdown

WASHINGTON — U.S. Transportation Secretary Pete Buttigieg and Canadian Transport Minister Omar Alghabra discussed February's seven-day blockage of the Ambassador Bridge during a supply chain meeting Tuesday in Washington, Alghabra said.

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