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The Latest Breaking News from Supply chain

Revlon files bankruptcy as supply-side woes prove breaking point

Revlon Inc. filed for Chapter 11 bankruptcy as the global supply chain crunch proved the tipping point for the debt-laden company that has struggled to tap into a broader cosmetics sales boom driven by social-media influencers.

Tribune News Service

Key milestones in Revlon's storied history

Revlon is filing for Chapter 11 bankruptcy, weighed down by heavy debt load, disruptions to its supply chain and surging costs

The Independent UK

Beauty giant Revlon files for bankruptcy amid heavy debt load

Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy, weighed down by a heavy debt load, disruptions to its supply chain network and surging costs

The Independent UK

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Revlon files for bankruptcy protection amid heavy debt load

Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy, weighed down by a heavy debt load, disruptions to its supply chain network and surging costs

The Independent UK

Revlon, facing high debt and supply chain pain, files for bankruptcy

NEW YORK: Revlon Inc filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation.

The Times of India

Ramen a leg: noodle prices heat up as wheat supply goes to pot

Floods in China and war in Ukraine cause grain shortage, while strained supply chain adds to squeeze on a staple food for millions

The Guardian - AU

5 Dividend-Paying Industrial Stocks With Buy-Ratings

While high commodity prices and supply chain disruptions are troubling the industrial sector lately, strong demand for industrial goods and favorable government policies to boost domestic production should help it stay afloat. This, along with impressive dividend-payout histories, makes industrial stocks Raytheon Technologies (RTX), ABB (ABB), United Parcel Service (UPS),…

StockNews.com

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Better Buy: Mondelez vs. Hershey

Rising demand and worsening supply chain disruptions are leading to rising food prices. Relatively inelastic demand for the products manufactured and sold by Hershey (HSY) and Mondelez (MDLZ) should help them benefit by passing on the rising input prices to their customers. But which of these two stocks is a…

StockNews.com

3 Buy-Rated Logistics Stocks Trading at a Discount

With the higher adoption of technology and the resumption of travel, the logistics market is rebounding gradually from the pandemic-led disruptions. Moreover, the industry’s long-term prospects look impressive. Hence, it could be wise to invest in logistics stocks FedEx (FDX), Deutsche Post (DPSGY), and Radiant Logistics (RLGT), which are currently…

StockNews.com

Why is the US facing a tampon shortage?

Sanitary products become latest everyday essential to be hit by supply chain disruption

The Independent UK

FREYR Inks Raw Materials Reservation Agreement

FREYR Battery SA (NYSE:FREY) entered into a reservation agreement with Changzhou Senior New Energy Materials Co., Ltd. and Senior Material (Europe) AB to supply battery materials for its Customer Qualification Plant (CQP), currently under construction in Norway, and for the planned combined Gigafactory 1 & 2. Changzhou Senior New Energy Materials Co. and…

Benzinga

Antibiotic Makers Adopt Their Own Environmental Safeguard Standards

The AMR Industry Alliance, a life-sciences coalition set up to provide sustainable solutions to curb antimicrobial resistance (AMR), is adopting its standards limiting toxic emissions. The Alliance published its Antibiotic Manufacturing Standard: Minimizing the risk of developing antibiotic resistance and aquatic ecotoxicity in the environment resulting from manufacturing human antibiotics. The…

Benzinga

Flake news! Why ice-cream sellers are facing ‘nightmare’ shortages this summer

First it was fish and chips. Now brace yourself for further disappointment as global supply chain issues hit the humble 99

The Guardian - UK

NHS Lanarkshire launches development programme to engage with small businesses

The health board has joined a recently announced a partnership with NHS Greater Glasgow and Clyde (NHSGGC) and the SDP to engage small businesses and ensure greater diversity in its supply chain.

Daily Record

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StockNews.com

2 Beaten Down Chinese Stocks Defying the Bear Market

The concerns over persistently high inflation, fresh COVID-19 cases in China leading to hard lockdowns, deepening supply chain disruptions, and a potential slowdown in global economic growth have added immense pressure to Chinese stocks of late. Amid the inflationary environment, it could be wise to invest in fundamentally solid beaten-down…

Benzinga

20 Cannabis Tech Terms To Know

This article was originally published on Cannabis & Tech Today and appears here with permission.

StockNews.com

2 Best Chemical Stocks to Buy Right Now

Despite global supply chain bottleneck and climate change concerns, the chemical industry could experience robust growth with the increasing consumption of chemicals across end-use industries. So, investing in Kronos (KRO) and Sisecam (SIRE) could be rewarding.

InsideEVs

Some Rivian R1S Reservation Holders Hit With New Delivery Delays

Rivian sent a letter to R1S reservation holders on June 11 informing them of delivery delays caused by the supply chain crisis and its service infrastructure.

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Tribune News Service

Updated Mayo Clinic recommendations for infant formula shortage

Since the outbreak of COVID-19, there have been significant shortages of infant formulas in some stores, largely caused by supply chain issues, as well as a recent recall of several contaminated baby formula products.

Asharq Al-Awsat

Asian Stocks Sink again as Inflation Panic Grips World Markets

Equity markets tumbled again Tuesday to extend a global rout fueled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing. Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest…

The Guardian - AU

South Korea truckers’ strike threatens to disrupt computer chip production

Stoppage by drivers is preventing the flow of key components in the tech industry and could add to global supply chain problems

Benzinga

Wells Fargo Bumps Up Greif's Price Target By 3%

Wells Fargo analyst Gabe Hajde raised the price target for Greif, Inc (NYSE:GEF) to $73 from $71 while maintaining the Overweight rating on the shares. The analyst increased the price target reflecting on what he believes to be the solid operational execution. Despite persistent supply chain challenges, Hajde is encouraged to see another quarter of…

Benzinga

GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030. The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

The Guardian - UK

Poor working conditions persist in Leicester garment factories, finds survey

Research was funded by Boohoo amid effort to clean up sector after complaints about supply chain practices

Evening Standard

Business optimism sinks to lowest level in over a year

Business optimism has dropped to its lowest level since March 2021 as firms weigh the prospect of continued inflationary pressure and supply chain disruption in the months ahead.

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