All articles tagged with #supply chain issues
Google's Pixel 10 Pro Fold and other devices may be delayed until October 9th due to supply chain problems, with initial availability expected shortly after the August 20th launch event, which may only feature the Pixel 10, Pixel 10 Pro, and Pixel 10 Pro XL.
Google's upcoming Pixel 10 series, announced for August 20, 2025, may face delays in availability due to supply chain issues, with some models like the Pixel 10 Pro Fold, Pixel Watch 4, and Buds 2a potentially not reaching stores until October 9, 2025.
The GAO report highlights ongoing supply chain problems, particularly with optical communication terminals, that are delaying the deployment of the Pentagon's mega-constellation under the Proliferated Warfighter Space Architecture (PWSA). Despite efforts to address these issues and improve development strategies, concerns remain about the readiness and testing of satellite tranches, which could impact the program's schedule and effectiveness.
Carlos Tavares has resigned as CEO of Stellantis, effective immediately, amid declining sales and differing views with the board. His departure comes earlier than his planned retirement in 2026. Stellantis, the world's fourth-largest automaker, has faced profit declines and supply chain challenges. A special board committee will lead the company until a new CEO is appointed by mid-2025.
Doctors, patients, and pharmacies in southeast Wisconsin are frustrated by the ongoing shortage of medications to treat ADHD, including Adderall, Vyvanse, and Focalin. The FDA attributes the shortage to supply chain issues and increased prescriptions during the pandemic, with no clear timeline for resolution. The National Community Pharmacists Association reports that roughly 87% of pharmacies are experiencing shortages of ADHD medications this year.
The multi-billion dollar weight loss drug market, including medications like Ozempic, Wegovy, and Moujaro, is causing a race to the pharmacy due to off-label use of diabetes medications for weight loss. The demand for these drugs has led to supply shortages, impacting both weight loss and diabetic patients. Medical professionals are urging patients to use only FDA-approved weight loss medications to ensure access for diabetic patients. However, supply chain issues and online scams are complicating the situation, with the market expected to exceed $100 billion by 2030.
Airbus aims to deliver 800 commercial aircraft in 2024 despite ongoing supply chain challenges, with CEO Guillaume Faury highlighting the company's production ramp-up and healthy results. The company's strong performance contrasts with Boeing's struggles, as Airbus maintains a hefty order backlog for its A320 narrow-body jets. Airbus reported a 4% rise in adjusted earnings and plans to pay shareholders a special dividend, reflecting its growth prospects and strong balance sheet.
Consultant Richard Aboulafia and other industry experts are calling for a leadership change at Boeing, criticizing CEO David Calhoun and the company's handling of ongoing issues with the 737 MAX production. The delays caused by FAA's freeze on production rates and supply chain problems have raised questions about compensation to airlines and lessors. Analysts emphasize the need for a cultural shift and leadership renewal to address the deep-rooted issues within Boeing, as the company continues to face challenges in restoring its reputation and share prices.
Rockwell Automation's stock is plummeting due to ongoing supply chain challenges and subdued demand, leading to a 15% drop in share value after the company reported disappointing results and reduced its guidance. The company's earnings and margins were impacted by lingering supply chain disruptions, prompting a lowered outlook for diluted earnings per share. While Rockwell Automation is positioned for long-term growth, investors should be prepared for slow progress in the near future, as the timing of its expansion hinges on the industrial sector's economic sentiment.
Plug Power Inc. plans to sell up to $1 billion in common stock through an at-the-market issuance sales agreement with B. Riley Securities, as the company faces liquidity and supply challenges. The alternative-energy company's shares have plummeted over 80% in the past year, and it has experienced significant losses, supply-chain issues, and production delays. Susquehanna recently downgraded the stock due to delays in green hydrogen production facility buildout and challenges in securing external funding sources.
Delta Air Lines reduces its profit forecast for the year due to supply chain challenges and economic uncertainties, causing its shares to drop by 6.2%. Despite strong holiday demand, the company now expects an adjusted per-share profit of $6 to $7 for 2024, down from its previous target of over $7. The airline is facing supply chain problems impacting aircraft deliveries and increased maintenance costs, with CEO Ed Bastian citing ongoing uncertainty in the supply chain, maintenance arena, and economic outlook. However, the company continues to see strong demand in all markets and has announced a deal with Airbus to purchase 20 A350-1000 widebody aircraft.
Grocery prices in the United States have surged by 248% since 1990, as highlighted by the iconic shopping trip in the movie "Home Alone." A recent comparison of the same grocery list from the film revealed that the cost has risen from $19.83 in 1990 to $72.28 in 2023. Small business owners, like Rochelle Chalmers, are feeling the impact of rising costs, with inflation affecting supplies and products. Despite some cooling in prices, concerns about inflation and higher prices persist among voters, with most believing the economy is in bad shape and showing little optimism for improvement.
Prices for domestic wines in the US have been rising, with the average retail price of a bottle from California's Napa Valley region increasing by $17 in 2022. Factors contributing to the price hike include an inflation economy, international economic concerns, restrictive pricing mechanisms, extreme weather events, and supply chain issues. Winemakers are facing increased costs for packaging materials and labor, which are being passed on to consumers. The three-tier distribution system in the US, controlled by major wholesalers, also impacts pricing. Additionally, climate change is causing unpredictable weather patterns, affecting grape yields and flavor profiles, further adding to the uncertainty of wine prices and the industry's future.
Sony has announced that the supply chain issues that plagued the PlayStation 5 (PS5) for the past three years have finally ended, and the company expects a record-breaking holiday season for PS5 sales. The global chip shortage and scalpers had made it difficult to purchase the console, but the situation has improved, with scalpers struggling to sell PS5 units at inflated prices. Sony anticipates that this will be the first holiday season where PS5 consoles will be in full supply, and they are expecting strong sales, aided by the launch of new titles like Marvel's Spider-Man 2. Additionally, Sony is on track to ship 25 million PS5 units in 2023, surpassing the record held by the original PlayStation. The upcoming release of the PS5 Slim, which offers a smaller size and the same power and price, is also expected to contribute to the strong sales.
Residents of Allegheny County in Pennsylvania turned out in large numbers to receive the COVID-19 vaccine, despite ongoing supply chain issues. The county has been facing challenges in securing an adequate supply of vaccines, but residents remain determined to get vaccinated as soon as possible.