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The Latest Breaking News from Supply chain

Workers want raises. Shippers want robots. The supply chain hinges on reaching a deal

The immediate future of the global supply chain rests on a bargaining table in San Francisco, where the union representing all West Coast dockworkers is hashing out a new contract with the assembled bosses of maritime shipping.

Los Angeles Times

KFC switches to cabbage mix in Australia due to lettuce shortage

KFC says change is due to a lettuce shortage after floods destroyed crops in New South Wales and Queensland.

Al Jazeera

Extreme weather blamed as KFC substitutes cabbage for lettuce and prices soar

Extreme weather is being blamed for a shortage of lettuce that has prompted fast food chain KFC to put cabbage on its burgers and led to soaring prices.

The New Daily

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KFC swaps lettuce for cabbage in its burger and wraps - and fans are confused

KFC Australia says its supply chain has been affected by floods that have destroyed lettuce crops. It means it has had to swap lettuce for cabbage across its range of burgers and wraps

Daily Mirror

‘Hit an iceberg’: KFC switches to cabbage in Australia due to lettuce shortage

Fast-food chain temporarily changes recipe due to supply chain issues caused by floods in Queensland and northern NSW earlier this year

The Guardian - AU

KFC starts using cabbage in Australia after lettuce price hits $10 each

Global supply chain problems and rising energy costs are being made worse in Australia by the weather

Wales Online

MSME lender FlexiLoans raises $90 million

BENGALURU: MSME-focused lending startup FlexiLoans.com has raised nearly $90 million from Denmark-based PE firm MAJ Invest, UK-based fintech investor Fasanara Capital, and the family offices of Harry Banga and Yogesh Mahansaria, along with many existing shareholders such as Sanjay Nayar, chairman of private equity firm KKR India. The funds will…

The Times of India

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Australia’s used car market is in overdrive as dealers chase customers to buy back vehicles

Supply chain issues cause unprecedented demand and wait times for used cars pushing dealers to contact private sellers directly

The Guardian - AU

Bait to plate: making fishing supply chains more transparent

Lessons from the ethical clothing movement, forest stewardship and other transparency initiatives could help end illegal fishing.

360info

Raymond James Lowers BRP Price Target As Supply Chain Snags

Raymond James analyst Joseph Altobello lowered the price target on BRP Inc (NASDAQ: DOOO) (TSX: DOO) to C$135 from C$146 and maintained a Strong Buy rating on the shares.

Benzinga

XPO Logistics Amplifies Supply Chain Via Google Cloud - Read How

XPO Logistics Inc (NYSE:XPO) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud have launched a multi-year agreement to further innovate how goods move through supply chains. The financial terms were not disclosed. XPO Logistics is creating speedier, more efficient supply chains with greater visibility by leveraging Google Cloud's capabilities in artificial intelligence (AI), machine learning (ML),…

Benzinga

Down More Than 60% in 2022, is Etsy Stock a Buy?

Arts-and-crafts marketplace Etsy (ETSY) has been making operational headway, but the company is expected to suffer from the inflationary environment and supply chain issues. So, let’s find out if it is wise to bet on the stock now. Read on.

StockNews.com

PM Modi stresses need to make Indian banks, currency important part of international trade, supply chain

Inaugurating the ‘Iconic Week Celebrations’, Prime Minister Narendra Modi highlighted the importance of domestic banks and currency for India’s role in the international trade and supply chain.

The Hindu

U.S. dentistry affected by war?

The disruption represents more turbulence for the U.S. health care system’s supply chain

Salon

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Benzinga

Here's How Analysts Reacted To Microsoft's Outlook Revision

Microsoft Corp (NASDAQ:MSFT) updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds. Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue. Microsoft now expects revenue of $51.94 billion - $52.74 billion…

StockNews.com

YETI Holdings: Buy, Sell, or Hold?

Outdoor products company YETI (YETI) has raised its 2022 EPS outlook, but the company is expected to suffer from the inflationary environment and supply chain issues. So, let’s evaluate if it is wise to bet on the stock now. Read on.

Benzinga

Flat Sales, Margin Pressure, Supply Chain Constraints - Lots To Look Into BRP's Q1 Results

BRP Inc (NASDAQ:DOOO) (TSX:DOO) reported first-quarter FY23 sales flat Y/Y at C$1.81 billion. The company said it experienced continuing supply chain-related disruptions and inefficiencies in an increasingly inflationary environment. The gross profit for the quarter fell 16.2% Y/Y to C$454.4 million, and the gross margin contracted 490 basis points to 25.1%. Normalized EBITDA…

Asharq Al-Awsat

40 Government Agencies Strive for Quality Industries in Saudi Arabia

The National Industrial Development and Logistics Services Program (NDLP) is seeking to work with 40 Saudi government agencies to achieve qualitative industries represented in partial and total manufacturing and the development of the supply chain in machinery, medical equipment, cars, military industries and renewable energy. The NDLP aims to transform…

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Motor1

Mazda Commits To Carbon Neutral Factories Around The World By 2035

The brand's entire supply chain should be CO2-free by the middle of the century.

Benzinga

Limoneira Enters Fallowing Program At Associated Citrus Packers Ranch, Arizona

Limoneira Company (NASDAQ:LMNR) has entered into a two-year fallowing and forbearance program at its Associated Citrus Packers ranch in Yuma, Arizona, with the Yuma Mesa Irrigation and Drainage District (YMIDD). The program will target about 400 acres of farmable land throughout the agreement. It will result in over 4,200 acre-feet (or more than…

Benzinga

Why Iteris Shares Are Surging Today

Iteris, Inc (NASDAQ:ITI) reported fourth-quarter FY22 revenue growth of 8% year-on-year to $34.2 million, missing the consensus of $34.7 million. The sustained strong customer adoption of Iteris' ClearMobility Platform drove the increase. Service revenue increased 8% Y/Y to $17.1 million, and Product revenue grew 8% Y/Y to $17.1 million. The bookings grew 27%…

StockNews.com

3 Must-Own Auto Parts Stocks

Although supply chain issues are a concern, growing consumer awareness about the maintenance and installation of new accessories and prominent technological advancements provide ample opportunities for the auto parts industry growth. Therefore, we believe quality auto parts stocks AutoZone (AZO), Advance Auto Parts (AAP), and O'Reilly Automotive (ORLY) could be…

StockNews.com

Is Terex a Good Value Stock to Own?

Despite robust performance in its last reported quarter, Terex's (TEX) shares are down 20.1% in price year-to-date as the company struggles with supply chain disruptions and rising costs. However, given that it looks undervalued at its current price level, would it be worth betting on the stock now? Read on…

StockNews.com

3 High-Yield ETFs for Dividend Investors

The stock market has been gyrating wildly since the beginning of the year on investor concerns about multi-decade high inflation, the Federal Reserve’s interest rate increases, unabating supply chain disruptions, and the possibility of an economic recession. High-yield ETFs offer instant diversification and ensure a steady income stream amid heightened…

Benzinga

Why Lands' End Shares Are Sliding Today

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.…

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