EXPLAINED: 114 - The Real Truth

Climate change squeezes the supply chain

The baby formula shortage is one manifestation of a supply chain crisis worsened by climate change

Salon · May 14, 2022

There's a shortage of graduation garb

Staff shortages, supply chain issues from the past year and new shutdowns in China related to COVID-19 are all to blame.

Axios · May 13, 2022

Public swimming pools forced to close amid 'Europe-wide' chlorine shortage

A 'global supply chain' issue has been blamed

Wales Online · May 13, 2022

Why FIGS Shares Are Trading Lower Today

FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew 31.1% to 2 million, and the average order value increased 16% to $116. The gross margin contracted by 40 basis points to 71.2%, driven by higher air freight spending and…

Benzinga · May 13, 2022

Iran Arrests at Least 22 Protesting Staple Food Price Hikes

Iranian authorities have arrested at least 22 demonstrators who had been protesting sudden price hikes of subsidized staple foods in two southern cities, state media reported early Friday. The arrests follow Iran's announcement this week that the cost of cooking oil, chicken, eggs and milk would rise by as much…

Asharq Al-Awsat · May 13, 2022

Technology Is Key To Weathering The Inflation Storm

By Martin Kotula

Benzinga · May 12, 2022

Billion-dollar infrastructure budget blowout highlights impact of labour, supplies shortages

While much has been made of the effects rising costs and labour shortages are having on housing construction in Perth, the state budget lays bare the impact on the state's finances — and it's a billion-dollar problem.

ABC News · May 12, 2022

Holley Tops Q1 Amid Supply Chain Disruptions, Inflationary Headwinds

Holley Inc (NYSE:HLLY) reported first-quarter FY22 sales growth of 24.8% year-on-year, to $200.1 million, beating the consensus of $189.97 million. The gross profit increased 25.9% Y/Y to $82.7 million, with the margin expanding 30 basis points to 41.3%. Selling, general and administrative expenses increased 43% to $34.3 million. The operating margin was 18%,…

Benzinga · May 12, 2022

Better Choice Clocks 57% Revenue Growth In Q1; Plans Buyback

Better Choice Company Inc (NYSE:BTTR) reported first-quarter FY22 sales growth of 57% year-on-year, to $17 million, beating the consensus of $15.24 million. The gross profit increased 10.1% Y/Y to $4.7 million with a profit margin of 27.7%. Operating expenses declined 7.9% to $8.7 million. The operating loss narrowed to $(3.96) million versus a…

Benzinga · May 12, 2022

Texhong Eyes Vietnam in World of Diversifying Supply Chains

Key Takeaways: Texhong is preparing to launch a major facility in Vietnam that will sharply boost its fabric production to complement its larger cotton yarn business Company now manufactures nearly 40% of its output in the Southeast Asian nation and is one of the biggest U.S. cotton buyers in the…

Benzinga · May 12, 2022