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The Latest Breaking News from Supply chain

Global factory growth stunted by war, China's COVID curbs

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.

Reuters

Lorry driver conditions should be ‘improved or sector should face a new tax’

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

The Independent UK

Analysts Slash Price Target On This Home Furnishing Retailer - Read Why

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…

Benzinga

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Shoppers’ woe, as fresh favourites disappear from supermarket shelves

Supermarkets are battling to keep shelves stocked with fresh fruit and vegetables as extreme weather and COVID-related supply chain issues continue to bite.

The New Daily

OzHarvest food charity dishes up its 50 millionth free meal as grocery bills skyrocket

One of the country's biggest food charities says it is facing unprecedented demand as the cost of groceries continues to rise, with supply chain pressures and widespread flooding also contributing to price hikes.

ABC News

3 'Strong Buy' Fertilizer Companies to Help Grow Your Portfolio

The Russia-Ukraine war has caused a widespread food and fertilizer shortage, with prices hovering around record highs. However, robust federal spending policies are expected to improve the supply chain bottleneck. So, amid the strong demand for food and fertilizers, we think the stocks of quality fertilizer companies Nutrien (NTR), Yara…

StockNews.com

2 Strong Tech Stocks Amid a Weak Market That Should Continue to Outperform

Concerns over the Federal Reserve’s tighter monetary policy to fight inflationary pressure, lingering supply chain disruptions, and an anticipated economic slowdown have driven the recent tech rout. However, given their strong financials and promising growth prospects, we think betting on the stocks of technology companies Amdocs (DOX) and Sanmina (SANM)…

StockNews.com

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PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Benzinga

Toyota Cuts Production Plan For June Again

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

Benzinga

Helium shortage disrupts celebrations – and even US weather service

Supply chain disruptions, including production plant closures and the 2017 embargo on Qatar, have caused shortage

The Guardian - US

Alvey Reels set to close Australian-owned company due to cost pressures

The owner of an Australian reel manufacturer says he will close his 102-year-old company rather than have his products made offshore after supply chain issues and "drastic cost increases" forced his hand.

ABC News

Ball Partners With Manna Capital - Read Why

Ball Corp (NYSE:BALL) is partnering with private investment firm Manna Capital Partners in which the latter will construct and operate an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill.…

Benzinga

Canada's delayed ban of Huawei gear exposes lack of Indo-Pacific strategy

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

Reuters

Supply chain dramas result in increased home-grown demand for Aussie-made toilet paper, tissues

An Australian mill is reaping the reward of supply chain disruptions, reporting a 10 per cent increase in demand.

ABC News

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Tribune News Service

Buttigieg, Canadian official discuss lessons from Ambassador Bridge shutdown

WASHINGTON — U.S. Transportation Secretary Pete Buttigieg and Canadian Transport Minister Omar Alghabra discussed February's seven-day blockage of the Ambassador Bridge during a supply chain meeting Tuesday in Washington, Alghabra said.

StockNews.com

Better Buy: O'Reilly Automotive vs. Advance Auto Parts

The easing of supply chain disruptions and growing demand is expected to propel new car production, boosting the auto parts manufacturers’ prospects. Both O'Reilly Automotive (ORLY) and Advance Auto Parts (AAP) are expected to benefit from the industry tailwinds. But which of these stocks is a better buy now? Read…

Benzinga

iPhone 14 Expected To Take Much Better Selfies Than Previous Models

Apple Inc (NASDAQ: AAPL) is reportedly making changes to its camera supply chain management and that could mean an upgrade to “high-end standards” for the upcoming iPhone's selfie camera.

The Times of India

Supply chain challenges can be met by exploring other markets, but globalisation to stay: KM Birla

DAVOS: As the Covid pandemic and the Ukraine conflict put pressure on supply chains globally, top industrialist Kumar Mangalam Birla on Wednesday said some of these concerns can be addressed by exploring other source countries but globalisation is here to stay.

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Benzinga

Pfizer To Sell 23 Patented Drugs, Vaccines At Lower Prices To Poorer Countries

Pfizer Inc (NYSE:PFE) will sell over 20 patent-protected drugs and vaccines at not-for-profit prices to 45 of the world's poorest countries. Under the program, Pfizer will begin shipping the medicines first to Ghana, Malawi, Rwanda, Senegal, and Uganda before the end of this year, Chief Executive Albert Bourla said in an interview. This will…

France 24

Davos 2022: Will war in Ukraine derail international investment?

The war in Ukraine, supply chain problems, inflation, and labour shortages have been dominating the agenda at the World Economic Forum in Davos, where business and political leaders pitch investment and global collaborations. FRANCE 24 Business Editor Kate Moody has been speaking to Martin Shanahan, CEO of IDA Ireland, about…

Chicago Sun-Times

The price we pay for global supply chain

One is product shortages, as with the shortage of personal protective equipment early in the pandemic and recently with infant formula. But are we willing to pay higher prices for less reliance on the global supply chain?

StockNews.com

2 Undervalued Chemical Stocks to Buy Now

Despite the intensified supply chain disruptions caused by the Ukraine-Russia war, the chemical industry delivered impressive financial results in the first quarter of 2022. Moreover, extensive demand for chemicals across various industries could help the sector rebound in the near term. Therefore, quality chemical stocks Huntsman Corporation (HUN) and AdvanSix…

Benzinga

Stellantis, Samsung SDI To Build EV Battery Manufacturing Facility - Read More For Details

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

The Conversation

Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been cancelled, postponed or rerouted to…

InsideEVs

VW CEO Follows GM's Lead, Reiterating Goal To Overtake Tesla By 2025

VW Group CEO Diess shared that once the supply chain issues are resolved, it should help Volkswagen to start ramping up momentum once again.

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