The Latest Breaking News from Supply chain

General Motors Co (NYSE:GM) provided a business update for 2Q22 and said its vehicle wholesale volumes were impacted by the timing of certain semiconductor shipments and other supply chain disruptions. The company said it had approximately 95 thousand vehicles in its inventory, manufactured mostly in June, without certain components. GM expects to complete…

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU).  VerifyMe's board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on…

Supply chain attacks aren't new. If the past couple of years have taught businesses anything, it's that the impact of such attacks is now universal, from the fallout of the SolarWinds software breach, to the exposed Apache Log4j vulnerability and Kaseya last year.

Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to withstand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its…

The growing e-commerce industry and reviving international trade have driven the demand for sustainable packaging solutions. Despite the persistent supply chain disruptions, technological advancement and rising demand should benefit packaging stocks Greif (GEF) and Packaging Corporation of America (PKG). But which of these stocks is a better buy now? Read…

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Xerox Holdings Corp (NASDAQ:XRX) CEO John Visentin abruptly passed away on June 29 due to complications from an ongoing illness. Since joining Xerox in May 2018, John has been known for his "One Boat, One Team" call to action and mentality. COO Steve Bandrowczak will serve as interim CEO.  Xerox registered a first-quarter FY22 sales…

Chancellor urgently needs to support companies facing rising energy prices, chronic staff shortages and supply chain issues

The retail industry has been facing significant macroeconomic headwinds, including unprecedented supply chain disruptions and rising prices. Amid slowing consumer demand, Wells Fargo suggests avoiding retail stocks of Bed Bath & Beyond (BBBY), JOANN (JOAN), and Wayfair (W). These stocks are also rated Strong Sell or Sell in our proprietary…

Raymond James analysts Olivia Tong and Devin Weinstein have upgraded Ulta Beauty Inc (NASDAQ:ULTA) to Strong Buy from Outperform and raised the price target to $485 from $475, implying a 24% upside. The analysts believe the company has good prospects compared to its competitors amidst the volatile macro backdrop. They cited the high household income…