The Latest Breaking News from Supply chain

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.…

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…

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.

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…

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…

U.S.-listed Chinese electric vehicle manufacturers Nio, Inc. (NYSE: NIO), XPeng, Inc. (NYSE: XPEV) and Li Auto, Inc.

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.

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

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…