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The Latest Breaking News from Supply chain

Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

3 Stocks to Avoid as Used Car Prices Skyrocket

3 Stocks to Avoid as Used Car Prices Skyrocket

Recent supply chain disruptions and geopolitical tensions have negatively affected automobile production and sales, increasing used car prices. This has led Carvana (CVNA), CarMax (KMX), and KAR Auction Services (KAR) to witness a significant slowdown in used-car sales volume. Therefore, we think these stocks are best avoided now. Read on.

5 Enticing Food Stocks to Sink Your Teeth Into

5 Enticing Food Stocks to Sink Your Teeth Into

Food prices have been skyrocketing of late, driven by the Ukraine-Russian war, soaring inflation, supply chain disruptions, and high labor costs. And because food prices are poised to rise further given the volatile macroeconomic backdrop, we think it would be wise to now bet on popular food stocks Tyson Foods…

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MP Materials Begins Construction On Texas Factory; Inks Supply Deal With GM

Mp Materials Corp (NYSE:MP) has signed a definitive supply agreement with General Motor Co (NYSE:GM) to produce alloy and magnets for the automotive giant's EV programs. The financial terms were not disclosed. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors. MP Materials' Texas…

These 5 Hard-Hit Semiconductor Stocks Offer an Attractive Buying Opportunity

Pandemic-led supply chain issues have been a major disruption to the semiconductor industry. However, given the strong demand for semiconductors across industries, the sector demonstrated solid growth last year, and that momentum is expected to continue. Given this backdrop, we think the dip in the price of semiconductor stocks MACOM…

Tesla hits record $3.3bn profit in first quarter but warns factories will run below capacity in 2022

Analsysts say Tesla demand is overshadowing ‘brutal production issues in China as well as a Rubik’s cube supply chain’

The Independent UK

Why Are Xerox Shares Plunging Today

Xerox Holdings Corp (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

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Pool Corp Q1 Earnings Smashes Estimates Aided By High Demand For Outdoor Living Products

Pool Corp Q1 Earnings Smashes Estimates Aided By High Demand For Outdoor Living Products

Pool Corp (NASDAQ:POOL) reported first-quarter FY22 sales growth of 33% year-on-year, to $1.41 billion, beating the consensus of $1.27 billion. Revenue growth was supported by strong demand for outdoor living products in addition to elevated price inflation of approximately 10% to 12%. EPS of $4.41 beat the consensus of $3.15. Gross profit increased…

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon.com Inc (NASDAQ:AMZN) launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc (NYSE:UPS), FedEx Corp (NYSE:FDX), and the U.S. Postal Service as being the fastest in the online…

Batteries are the new oil and the U.S. needs to catch up

Batteries are the new oil and the U.S. needs to catch up

The federal government is taking steps to build a domestic battery industry to reduce reliance on China.

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