Tag Archives: supply

Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges.  Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints.  “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue… Source link

The scene in Southern California resembles a disaster movie — only it’s not.  Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for consumers and merchants that likely cost millions, if not more.  L.A. has been a hub of major shipping woes in recent months, with the ports of Los Angeles and Long Beach a prominent fixture… Source link

Supply chain backlogs and inflationary pressures have taken a toll on consumer-facing brands throughout 2021, but one specialty chocolate company has defied the trend.  Jeff Stoeckel, the CEO of Connecticut-based Bridgewater Chocolate, told Yahoo Finance the company is able to avoid the disruption thanks to its niche focus, loyal customers and planning in advance.  Supply chain strains spurred the creation, orders and delivery process to be in a “condensed timeline,” he added. “We started… Source link

Oil prices dropped more than 4% before rebounding on Thursday after OPEC+ announced it would continue its supply hike of 400,000 barrels per day per month, despite the threat of Omicron variant cases. Oil analysts had been split on whether the cartel would hold steady with its output hike or pause it amid uncertainty about demand given the threat of the new variant.  West Texas Intermediate (WTI) crude (CL=F) touched $63 a barrel shortly after 9 a.m. ET. By 2 p.m. in the afternoon, future… Source link

President Biden’s threat to oil producers that he would force prices down has already backfired. Oil markets were unimpressed by the U.S. administration’s plan to coordinate a strategic petroleum reserve release from major importers in an effort to increase supply. While some observers believe an SPR release could push oil prices down, most analysts have warned that it will only have a temporary effect and could eventually trigger a price spike. OPEC+ members have not even engaged with… Source link

As the supply chain crisis threatens to disrupt the holiday shopping season, more people are turning to an unlikely source — used clothing — to fill the gap. November is known traditionally as one of the best months to find deals. This year, however, many hot products are in short supply, or are more expensive than usual because of supply chain bottlenecks. And while discount sales started sooner this year, the secondhand clothing market is increasingly popular. “We’ve seen an explosion… Source link

Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is one of them.  Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile Lindo, a deli and coffee shop in San Francisco, said in an interview with Yahoo Finance. “The hospitality business, which is restaurants, small coffee shops and bars, are not back…. Source link

Oatly (OTLY) shares are tanking after the oat-milk producer missed revenue expectations for its latest quarter and slashed its sales guidance.  The results were “disappointing, but also transitory,” Cowen senior analyst Brian Holland told Yahoo Finance Live.  Revenue came in at $171.1 million in the third quarter, missing consensus expectations of $185.7 million, based on Bloomberg data. The company forecasts sales will come in at more than $635 million for the year, a downward revision from… Source link

Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country’s major ports will likely persist for the foreseeable future.  “We are definitely seeing some immediate impacts of the immediate steps that we have taken, but the honest answer I can give you, as long as the pandemic continues, there will be disruptions,” Buttigieg explained.  The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy.  For… Source link

Better grab those Oreos while you still can, and while they’re still relatively cheap. With global supply chains ensnared by bottlenecks, Mondelez International (MDLZ) expects next year to be nearly as bad as the current one. The snack giant’s CFO addressed the labor and truck shortages mentioned in Mondelez’s third-quarter earnings results — and came around to a dispiriting conclusion.  Although some economists had predicted shipping bottleneck relief could arrive by year’s end, “quite… Source link