The Latest Breaking News from Supply chain

Lightning eMotors Inc (NYSE:ZEV) reported first-quarter revenue growth of 18% year-over-year to $5.4 million, missing the consensus of $5.53 million. The gross loss expanded to $(2.31) million, compared to $(0.727) million a year ago. EPS loss narrowed to $(0.14) from $(0.83) in 1Q21. Adjusted net loss was $(18.7) million, compared to $(6.8) million…

FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew 31.1% to 2 million, and the average order value increased 16% to $116. The gross margin contracted by 40 basis points to 71.2%, driven by higher air freight spending and…

Iranian authorities have arrested at least 22 demonstrators who had been protesting sudden price hikes of subsidized staple foods in two southern cities, state media reported early Friday. The arrests follow Iran's announcement this week that the cost of cooking oil, chicken, eggs and milk would rise by as much…

By Martin Kotula

While much has been made of the effects rising costs and labour shortages are having on housing construction in Perth, the state budget lays bare the impact on the state's finances — and it's a billion-dollar problem.

Holley Inc (NYSE:HLLY) reported first-quarter FY22 sales growth of 24.8% year-on-year, to $200.1 million, beating the consensus of $189.97 million. The gross profit increased 25.9% Y/Y to $82.7 million, with the margin expanding 30 basis points to 41.3%. Selling, general and administrative expenses increased 43% to $34.3 million. The operating margin was 18%,…

Better Choice Company Inc (NYSE:BTTR) reported first-quarter FY22 sales growth of 57% year-on-year, to $17 million, beating the consensus of $15.24 million. The gross profit increased 10.1% Y/Y to $4.7 million with a profit margin of 27.7%. Operating expenses declined 7.9% to $8.7 million. The operating loss narrowed to $(3.96) million versus a…

Key Takeaways: Texhong is preparing to launch a major facility in Vietnam that will sharply boost its fabric production to complement its larger cotton yarn business Company now manufactures nearly 40% of its output in the Southeast Asian nation and is one of the biggest U.S. cotton buyers in the…

President Joe Biden plans to speak on Thursday with baby formula manufacturers and retailers about the plight of families struggling to find formula due to supply chain disruptions and a safety recall

Himax Technologies, Inc (NASDAQ:HIMX) reported first-quarter FY22 revenue growth of 33.6% year-on-year to $412.8 million. Net revenues declined 8.6% sequentially. Revenue from large display drivers grew 60% Y/Y to $110.6 million. Monitor and notebook IC sales decreased sequentially on the backdrop of slowing end market sell-through. TV revenue was flat sequentially, anchored by…

A combination of product recalls, rising prices and supply chain issues have particularly affected the availability of formula