The Latest Breaking News from Supply chain

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.

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…

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…

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…

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…

Kennametal Inc. (NYSE:KMT) appointed Patrick S. Watson as Vice President and Chief Financial Officer (CFO), effective immediately. He is currently Vice President of Finance and Corporate Controller. Watson succeeds Damon Audia, who is leaving to pursue another opportunity. Watson has over 25 years of global finance and business experience. Before Kennametal, he held…

The Launch Academy North East is a seven month project designed to boost the region's offshore wind supply chain industry

Analysis: US to examine with fresh urgency easing reliance on China as pandemic disruptions expose global economic vulnerabilities

Krispy Kreme Inc (NASDAQ:DNUT) has promoted Josh Charlesworth to Global President and Chief Operating Officer. This newly created role will oversee the expansion of the company's global footprint and growth strategy. Charlesworth has served as Krispy Kreme's CFO since April 2017 and COO since May 2019. The company has engaged a search firm…

United Rentals (URI) reported better-than-expected first-quarter 2022 results and raised its full-year guidance. But it is expected to suffer from inflationary environment and supply chain issues. So, let’s evaluate if it is wise to bet on the stock now.

Daktronics, Inc. (NASDAQ:DAKT) reported fourth-quarter FY22 net sales growth of 38.8% year-over-year to $162.2 million, beating the consensus of $146.10 million. Orders for the quarter increased 67% Y/Y. The gross margin was 18.5% for Q4 compared to 23.6% a year earlier, and the operating margin was breakeven, compared to 1% for 4Q21. EPS…