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The Latest Breaking News from Supply chain

Flat Sales, Margin Pressure, Supply Chain Constraints - Lots To Look Into BRP's Q1 Results

BRP Inc (NASDAQ:DOOO) (TSX:DOO) reported first-quarter FY23 sales flat Y/Y at C$1.81 billion. The company said it experienced continuing supply chain-related disruptions and inefficiencies in an increasingly inflationary environment. The gross profit for the quarter fell 16.2% Y/Y to C$454.4 million, and the gross margin contracted 490 basis points to 25.1%. Normalized EBITDA…

Benzinga

40 Government Agencies Strive for Quality Industries in Saudi Arabia

The National Industrial Development and Logistics Services Program (NDLP) is seeking to work with 40 Saudi government agencies to achieve qualitative industries represented in partial and total manufacturing and the development of the supply chain in machinery, medical equipment, cars, military industries and renewable energy. The NDLP aims to transform…

Asharq Al-Awsat

Mazda Commits To Carbon Neutral Factories Around The World By 2035

The brand's entire supply chain should be CO2-free by the middle of the century.

Motor1

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Limoneira Enters Fallowing Program At Associated Citrus Packers Ranch, Arizona

Limoneira Company (NASDAQ:LMNR) has entered into a two-year fallowing and forbearance program at its Associated Citrus Packers ranch in Yuma, Arizona, with the Yuma Mesa Irrigation and Drainage District (YMIDD). The program will target about 400 acres of farmable land throughout the agreement. It will result in over 4,200 acre-feet (or more than…

Benzinga

Why Iteris Shares Are Surging Today

Iteris, Inc (NASDAQ:ITI) reported fourth-quarter FY22 revenue growth of 8% year-on-year to $34.2 million, missing the consensus of $34.7 million. The sustained strong customer adoption of Iteris' ClearMobility Platform drove the increase. Service revenue increased 8% Y/Y to $17.1 million, and Product revenue grew 8% Y/Y to $17.1 million. The bookings grew 27%…

Benzinga

3 Must-Own Auto Parts Stocks

Although supply chain issues are a concern, growing consumer awareness about the maintenance and installation of new accessories and prominent technological advancements provide ample opportunities for the auto parts industry growth. Therefore, we believe quality auto parts stocks AutoZone (AZO), Advance Auto Parts (AAP), and O'Reilly Automotive (ORLY) could be…

StockNews.com

Is Terex a Good Value Stock to Own?

Despite robust performance in its last reported quarter, Terex's (TEX) shares are down 20.1% in price year-to-date as the company struggles with supply chain disruptions and rising costs. However, given that it looks undervalued at its current price level, would it be worth betting on the stock now? Read on…

StockNews.com

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3 High-Yield ETFs for Dividend Investors

The stock market has been gyrating wildly since the beginning of the year on investor concerns about multi-decade high inflation, the Federal Reserve’s interest rate increases, unabating supply chain disruptions, and the possibility of an economic recession. High-yield ETFs offer instant diversification and ensure a steady income stream amid heightened…

StockNews.com

Why Lands' End Shares Are Sliding Today

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

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

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Benzinga

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.

StockNews.com

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…

Benzinga

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.

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Reuters

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.

The Independent UK

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

Benzinga

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…

The New Daily

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.

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)…

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