Tag Archives: Supplychain

Yasin Ozturk/Anadolu Agency via Getty Images Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags. The CEO has complained about supply-chain shortages in the past. Musk is one of many auto executives who have said shortages may further hurt the industry. Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars. “Both Berlin and Austin factories are gigantic money furnaces… Source link

Target CEO Brian Cornell said the discounter is well-prepared in the lead-up to the holiday shopping season to navigate the supply-chain challenges weighing on retailers and manufacturers of all kinds. All it took was very, very careful forward planning.  “We have become much more agile. We have taken the steps we have had to take,” Cornell said at Yahoo Finance’s All Markets Summit.  For its part, Target ended the second quarter with inventory up $2.5 billion, compared to a year ago as it… Source link