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The Latest Breaking News from Supply chain

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

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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

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…

StockNews.com

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20 Cannabis Tech Terms To Know

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

Benzinga

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.

StockNews.com

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.

InsideEVs

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.

Tribune News Service

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…

Asharq Al-Awsat

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

The Guardian - AU

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

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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.

WEKU

It's not just you: Tampons are harder to find — and pricier

Many women say store shelves that once had the menstrual essentials have been sparse for months. When they are available, tampons have been a lot more expensive recently, due in part to inflation.

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Axios

Supply chain issues and higher demand are driving a tampon and menstrual product shortage

The Guardian - US

Climate crisis is ‘battering our economy’ and driving inflation, new book says

Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change

Chicago Sun-Times

Scouring Chicago alleys for scrap metal is a hard way to make a living. Just ask Francisco Garcia.

Their trucks piled high with pipes and old refrigerators, scrap metal collectors like Garcia, 71, from Pilsen, help put discarded waste back into the supply chain.

Benzinga

Credit Suisse Cuts REV Group Price Target By 9%

Credit Suisse analyst Jamie Cook lowered the price target on REV Group Inc (NASDAQ:REVG) to $10 from $11 while maintaining the Underperform rating on the shares. The analyst stated that within the quarter, REVG did not experience supply chain improvement as expected, and in some instances, the situation worsened. REVG now expects supply chain challenges…

Benzinga

NiSun Shares Jump On Share Buyback Approval

NiSun Intl Enterprise Development Group Co, Ltd's (NASDAQ:NISN) board approved a share buyback of up to $8 million. The share buyback program will be effective in June 2022 and will likely last through the next six months. NiSun held $91.6 million in cash and equivalents as of December 31 and generated $23.9 million in operating…

Benzinga

China's Xiaomi, Realme, Honor Gained Market Share At Apple's Expense Following US Sanctions On Russia - Here's How

China saw a significant market share jump in the Russian smartphone market in May as manufacturers like Apple Inc (NASDAQ:AAPL) and Samsung Electronics Co, Ltd (OTC:SSNLF) paused new sales in the country following its Ukraine invasion, Reuters reports. Chinese manufacturers Xiaomi Corp (OTC:XIACY), Realme, and Honor accounted for 42% of Russia's smartphone sales in May 2022, up…

Benzinga

Rayonier Advanced Materials Reaffirms Commitment To Debt Reduction

Rayonier Advanced Materials Inc (NYSE:RYAM) updated its FY22 Adjusted EBITDA guidance to ~$160 million, subject to supply chain volatility and timing of sales recognition. The company delivered $128 million of Adjusted EBITDA in FY21. "With the completion of the planned maintenance outages at all four of our manufacturing facilities by the end of…

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