The Latest Breaking News from Supply chain

Key Takeaways: Texhong is preparing to launch a major facility in Vietnam that will sharply boost its fabric production to complement its larger cotton yarn business Company now manufactures nearly 40% of its output in the Southeast Asian nation and is one of the biggest U.S. cotton buyers in the…

President Joe Biden plans to speak on Thursday with baby formula manufacturers and retailers about the plight of families struggling to find formula due to supply chain disruptions and a safety recall

Himax Technologies, Inc (NASDAQ:HIMX) reported first-quarter FY22 revenue growth of 33.6% year-on-year to $412.8 million. Net revenues declined 8.6% sequentially. Revenue from large display drivers grew 60% Y/Y to $110.6 million. Monitor and notebook IC sales decreased sequentially on the backdrop of slowing end market sell-through. TV revenue was flat sequentially, anchored by…

A combination of product recalls, rising prices and supply chain issues have particularly affected the availability of formula

The company built 2,553 vehicles in the first quarter and says it maintains its 2022 production target of 25,000 units despite supply chain disruptions.

Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) reported its first quarter financial results after market close Wednesday. Here are the key highlights.

ICU Medical Inc (NASDAQ:ICUI) reported Q1 sales of $543.1 million vs. Raymond James' estimate of $530 million.  Core ICU beat by $7 million, while newly acquired Smiths Medical missed by $5 million.  With an Outperform rating, the analysts lowered the price target from $265 to $235. Adjusted EPS was $1.82, down from Raymond James' estimate…

Restaurants are certified on food safety, hotels are graded and financial institutions stress tested, so why, asks Dr David Robb, don’t we require resilience in supply chain entities? 

Tesla, Inc (NASDAQ:TSLA) urged Panasonic Holdings Corporation (OTC:PCRFY) to speed up the development of its next-generation 4680 batteries, Bloomberg reports as per Panasonic CFO Hirokazu Umeda. Umeda disclosed ongoing robust demand for batteries at a post-results briefing, including the 2170 cells it supplies for Tesla’s electric vehicles. Umeda said, “We seeing continued strong demand from…

WiSA Technologies, Inc (NASDAQ:WISA) reported a first-quarter FY22 revenue decline of 50% year-on-year to $0.6 million, missing the consensus of $1.38 million. The gross margin contracted 1,500 bps Y/Y to 11%, impacted by lower sales volumes. WiSA held $9.1 million in cash and equivalents. "As we communicated in our Q4 2021 announcement, Q1…

Along with much of the globe, US consumers are reeling from a cost of living and supply-chain crisis. One example is a shortage of baby formula caused by a constellation of factors, from rampant inflation to a massive recall over safety concerns.