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The Latest Breaking News from Supply chain

General Electric Q1 Print Shows Strong Orders, But One Issue Continues

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.

Benzinga

What Elon Musk's new side job could mean for Tesla

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

Axios

UPS Stock Gains After Beating Q1 Estimates, Plans $2B Share Buyback In FY22

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.…

Benzinga

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Entegris Registers 27% Revenue Growth In Q1 Aided By Growth Across All Divisions

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…

Benzinga

Lucid Green Secures $10M In Financing To Power Intelligent Cannabis UPC Platform

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.

Benzinga

BMW And Audi Reportedly Halt Shipments To China By Rail: What You Need to Know

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.

Benzinga

5 Stocks on the Dow Jones Transportation Average Worth Buying

Given the deepening supply chain crisis, the heightened need for transportation services and consequent rise in shipping rates should benefit companies in this space. The Dow Jones Transportation Average gained marginally over the past week compared to the Dow Jones Industrial Average’s 2.7% loss. So, prominent transportation stocks in the…

StockNews.com

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Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Newsroom.co.nz

Ryder Opens Third Multiclient Distribution Center In Columbus

Ryder System, Inc. (NYSE:R) opened a third multiclient omnichannel distribution center in Columbus, Ohio. The center is ~440,000 square feet and is the largest Ryder e-commerce distribution center in the Columbus area. "This latest expansion aligns with our broader strategy to get ever-closer to the end consumer to continually improve our customers'…

Benzinga

VerifyMe Scoops Assets Of Logistics Management Company PeriShip To Gain New Entry Point In Pharma Market

VerifyMe Inc (NASDAQ:VRME) acquired the assets of PeriShip, LLC in a transaction worth $10.5 million. The consideration consisted of $7.5 million cash, $1.0 million in VerifyMe shares, and a $2.0 million promissory note. PeriShip is a value-added service provider of shipping and logistics management for the perishable healthcare and food industries. PeriShip was…

Benzinga

Lennox Q1 Earnings Beat Estimates; Margin Contracts On Supply Chain Woes

Lennox International Inc (NYSE:LII) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.01 billion, beating the consensus of $961.61 million. Revenue in the Residential Heating & Cooling business segment increased 13% Y/Y to $682 million, Commercial Heating & Cooling business declined 6% to $188 million, and the Refrigeration business jumped 15% to…

Benzinga

Guilt-free apparel: the ethical clothing brand providing an alternative to fast fashion

One day at a time, Huel is working to overcome exploitation further up the supply chain, while making clothes that last – which is why each of its garments is backed by a five-year guarantee

The Guardian - UK

Graphic Chip Price Drop Raises Questions on Whether End of Shortage Is in Sight

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. As Intel, Qualcomm and others report, investors will weigh how…

Asharq Al-Awsat

Aberdeen to host second round of transatlantic trade talks

Negotiations will focus on digital innovation, green trade, supporting SMEs and supply chain resilience

Insider UK

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The Guardian - UK

Pharmacists in England face abuse from patients due to drug shortages

Brexit, Covid and supply chain problems have disrupted availability of medicines

The News Lens

Shanghai Covid Lockdown Threatens New Export Delays

Nearly a third of goods leaving the Port of Shanghai are held up due to a strict lockdown. The delays are set to exacerbate a supply chain crisis that has caused shortages and price rises across the world.

The Guardian - UK

Fast, precise, too tough? Lockdowns risk stalling China’s economy

Strict response to virus buckles supply chains, hits consumers and sends unemployment soaring

Benzinga

Read Why HC Wainwright Cut Price Target For Dentsply Sirona

HC Wainwright has cut the price target for Dentsply Sirona Inc (NASDAQ:XRAY) from $58 to $48 (17% upside), reiterating the Neutral rating. The analysts have adjusted 2022 projections to reflect lower than expected Q1 FY22 earnings. Management noted that the results reflect weaker sales performance in the U.S., global supply chain challenges, and foreign exchange headwinds.…

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Benzinga

Analysts Think Intuitive Surgical Painted 'Cautious Picture' For Procedure Guidance

Wells Fargo writes that despite the beat in Q1, Intuitive Surgical Inc (NASDAQ:ISRG) sounded cautious on U.S. capital placements, given rising interest rates and inflationary pressure at hospitals. "We think this commentary was partly driven by the need to recalibrate Street models for fewer trade-ins as the number of legacy Si systems declines. Overall,…

StockNews.com

2 Under-the-Radar Pharmaceutical Stocks to Add to Your Watchlist

Irrespective of worsening supply chain disruptions due to the Russia-Ukraine war, the pharmaceutical industry is expected to witness stable growth given the rising medical needs of an aging population and rapid advancements in the drug development process. So, amid an apparent resurgence of COVID-19 cases, we think it could be…

Bangkok Post

DPM meets Japan's Chief Cabinet Secretary and METI

Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy of Thailand, together with Ms. Duangjai Asawachintachit, Secretary General of the Thailand Board of Investment (BOI), called on Mr. Hirokazu Matsuno, Chief Cabinet Secretary of Japan, and Mr. Hagiuda Koichi, Minister of Economy, Trade & Industry of Japan (METI) on…

StockNews.com

5 Large-Cap Growth Stocks to Sell Now

Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash…

StockNews.com

Alcoa vs. Aluminum Corp. of China: Which Stock is a Better Buy?

Aluminum prices have been skyrocketing lately due to production cuts from China and worsening supply chain disruptions. The strong demand for this lightweight metal and its high prices should benefit prominent players in this space, Alcoa (AA) and Aluminum Corporation of China (ACH). But which of these stocks is a…

Benzinga

How E2open Is Riding The Supply Chain Wave, BofA Says

E2open Parent Holdings Inc’s (NYSE: ETWO) shares are likely to re-rate in case SaaS (software as a service) revenue growth continues, according to BofA Securities.

Benzinga

Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

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