The Latest Breaking News from Supply chain

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

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Polaris Inc (NYSE:PII) reported first-quarter FY22 sales of $1.96 billion, missing the consensus of $2.12 billion. Sales for the quarter remained relatively flat to last year, impacted by continued supply chain pressures. Sales from Off-Road Vehicles rose 2%, Marine climbed 6%, and On-Road segment fell 4%. Adjusted EPS of $1.29 missed the consensus…

General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.

Tesla's on a hot streak, posting several quarters of record sales and profit despite the supply chain crunch.

United Parcel Service, Inc.(NYSE:UPS) reported first-quarter FY22 revenue growth of 6.4% year-over-year to $24.4 billion, beating the consensus of $23.79 billion. U.S. Domestic Segment revenue increased by 8% Y/Y to $15.12 billion, driven by a 9.5% increase in revenue per piece. The adjusted operating margin was 11.3%, up by 83 bps.…

Entegris, Inc (NASDAQ:ENTG) reported first-quarter FY22 sales growth of 27% year-on-year to $649.6 million, beating the consensus of $640.9 million. Revenue from Specialty Chemicals and Engineered Materials segment rose 17.9% Y/Y to $196.4 million; Microcontamination Control expanded 28.7% Y/Y to $266.6 million; Advanced Materials Handling improved 33.4% Y/Y to $198.1 million. Margins: The adjusted…

Lucid Green — the intelligent UPC platform transforming the entire cannabis supply chain — has announced its $10 million Series B funding round led by Gron Ventures, with participation by Gotham Green Partners.

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics.