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The Latest Breaking News from Supply chain

Forget Tesla, Wall Street Thinks These 2 EV Stocks Could Double

The electric vehicle (EV) industry is expected to grow exponentially this year, thanks to strong consumer demand and favorable government initiatives. However, the EV giant Tesla (TSLA) is currently grappling with supply chain issues and factory shutdowns. And we think EV stocks Xos (XOS) and Lion Electric (LEV) are worth…

StockNews.com

Tesla Plays ‘Whack-A-Mole’ with Snags as Deliveries Fall for First Time in Two Years

Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China's COVID-19 lockdowns and soaring costs, Tesla said…

Asharq Al-Awsat

Why China's BYD is a threat to Tesla's EV dominance

Tesla noted in its quarterly reports that it had been forced to contend with supply chain issues and factory shutdowns.

Axios

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How the tampon shortage is exacerbating period poverty in the US

Tampons have become the latest household product to fall foul of supply chain issues.

The Conversation

Widodo’s Russia-Ukraine trip divides critics in Indonesia

President Joko Widodo visited warring countries as part of efforts to repair disrupted supply chains.

Al Jazeera

CPN participates in self-storage alliance

Central Pattana (CPN) has partnered with Asean's top logistics and supply chain solutions service provider JWD to expand a self-storage business while targeting business-to-business and business-to-customer models.

Bangkok Post

Schools struggling to provide hot nutritious meals due to supply chain issues and soaring costs

‘It is particularly worrying to hear of warnings the quality of meals is under threat,’ union leader says

The Independent UK

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McDonald’s warns some items could disappear from menu due to supply chain ‘challenges’

The fast food chain said that some meals may also be served ‘with some ingredients missing’

Chronicle Live

Germany records first monthly trade deficit since 1991 as inflation soars

May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base

The Guardian - UK

McDonald's warns some items could be pulled from its menu due to supply chain issues

One poster in the Kings Road branch McDonald's reads: "Due to supply chain issues, some menu items may be served with some ingredients missing and others may be temporarily unavailable."

Daily Mirror

Electric cars sold in UK passes half a million despite supply chain issues

A fifth of the electric cars on British roads were made by Tesla, the US electric car pioneer

The Guardian - UK

Tesla's 2Q sales drop amid supply chain, pandemic problems

Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles

The Independent UK

Tesla Q2 Deliveries Fall, Hit by China’s COVID-Related Shutdown

Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain. Tesla, the world's biggest electric car maker, said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048…

Asharq Al-Awsat

NIO Set New Electric Car Sales Record In June 2022

NIO announced that the supply chain and vehicle production have fully resumed in June, which allowed the company to achieve record results.

InsideEVs

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StockNews.com

Time to Buy Winnebago Industries After Q3 Beat?

Outdoor lifestyle product manufacturer Winnebago (WGO) recently reported impressive third-quarter financials, surpassing the consensus estimates. However, is it wise to buy the dip in stock amid ongoing supply chain disruptions? Let’s find out….

InsideEVs

Rivian Delays Deliveries In Canada Another Year, To H2 2023

Rivian continues to face difficulties related to the supply chain, which is forcing it to delay deliveries in Canada by as much as another year.

Benzinga

GM Holds ~95,000 Vehicles Manufactured Without Certain Components - Here's Why

General Motors Co (NYSE:GM) provided a business update for 2Q22 and said its vehicle wholesale volumes were impacted by the timing of certain semiconductor shipments and other supply chain disruptions. The company said it had approximately 95 thousand vehicles in its inventory, manufactured mostly in June, without certain components. GM expects to complete…

Benzinga

General Motors Updates Guidance Following Supply Chain Disruptions: What Investors Need To Know

General Motors Co (NYSE: GM) shares are trading higher Friday morning after the company updated its guidance for the second quarter as a result of supply chain disruptions.

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Benzinga

Here's Why VerifyMe Shares Are Trading Higher Today

VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU). VerifyMe's board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on…

Bangkok Post

Safer supply chains

Supply chain attacks aren't new. If the past couple of years have taught businesses anything, it's that the impact of such attacks is now universal, from the fallout of the SolarWinds software breach, to the exposed Apache Log4j vulnerability and Kaseya last year.

StockNews.com

1 Retail Stock to Pick Up and 1 to Avoid

Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to withstand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its…

StockNews.com

Greif Inc. Vs. Packaging Corporation of America: Which Packaging Stock is a Better Buy?

The growing e-commerce industry and reviving international trade have driven the demand for sustainable packaging solutions. Despite the persistent supply chain disruptions, technological advancement and rising demand should benefit packaging stocks Greif (GEF) and Packaging Corporation of America (PKG). But which of these stocks is a better buy now? Read…

Benzinga

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga

Xerox Names COO Steve Bandrowczak As Interim CEO After John Visentin Dies Due To Ongoing Illness

Xerox Holdings Corp (NASDAQ:XRX) CEO John Visentin abruptly passed away on June 29 due to complications from an ongoing illness. Since joining Xerox in May 2018, John has been known for his "One Boat, One Team" call to action and mentality. COO Steve Bandrowczak will serve as interim CEO. Xerox registered a first-quarter FY22 sales…

The Guardian - UK

UK firms tell Rishi Sunak: time running out to save UK plc from perfect storm

Chancellor urgently needs to support companies facing rising energy prices, chronic staff shortages and supply chain issues

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