TOKYO—Honda Motor Co. said on Thursday it would reduce car output by up to 40 percent at two Japanese plants in early October because of ongoing supply chain and logistical problems. The cutback provides further evidence of problems automakers likely face in trying to increase production volumes in the second half of the financial year…
Honda to Cut Car Output by up to 40 Percent in Japan on Supply Problems
US Power Companies Face Supply-Chain Crisis This Summer
U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires, and drought are becoming more common in the United States. Consumer power use is expected to hit…
Boeing Expects Supply Chain Problems to Last Through Most of 2023
DOHA—Boeing expects supply chain problems to persist almost until the end of 2023, led by labor shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return of demand, its chief executive said on Wednesday. Boeing said last month that production of its 737 aircraft had been slowed by shortages of a single type…
Mercedes-Benz Beats Profit Forecast, Sees Supply Chain Headwinds in 2022
February 11, 2022
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BERLIN—Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7 percent in the full year, beating its own guidance of 10…
Japan Trade Recovers as Supply Chain Troubles Ease
December 16, 2021
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TOKYO—Japan’s exports jumped 20 percent and imports rose at an even faster pace in November as disruptions to manufacturing supply chains eased. Preliminary trade data reported Thursday showed imports surging nearly 44 percent from a year earlier, pulling the country into a deficit, as surging oil prices pushed costs sharply higher. Iron and steel exports…
Supply Chain Disruptions Cloud German Machinery Outlook
December 14, 2021
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BERLIN—A group representing Germany’s machinery industry said Tuesday it expects a weaker rebound in production this year than previously forecast because of persistent supply chain bottlenecks. The VDMA group said it now expects production to grow by 7 percent this year to a value of about 219 billion euros ($247 billion), down from the 10…
Ralph Lauren Warns of Higher Supply Chain Costs to Meet Holiday Demand
November 2, 2021
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Ralph Lauren Corp. said on Tuesday it expects to face higher shipping and commodity costs in the next few months as the high-end apparel maker is spending heavily to ensure stores are stocked with its Polo shirts and sports jackets during the holiday season. The New York-based company’s shares fell 4 percent in morning trade…
Canada Economy Seen Weaker Than Expected as Supply Chain Woes Weigh
OTTAWA—The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked set to show no…
Industrial Giant 3M Lowers Profit Outlook on Supply Chain Woes
3M Co. cut its full-year earnings forecast on Tuesday, as the diversified manufacturer battles rising inflation, supply chain bottlenecks, and higher commodity prices. While demand for goods has rebounded with massive stimulus and the reopening of economies, a labor shortage and soaring raw material prices have left U.S. manufacturers in the lurch. Shares of 3M,…
Daimler CEO Hopes to Stabilize Supply Chain This Quarter
October 23, 2021
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DETROIT—Daimler AG Chief Executive Ola Kaellenius told Reuters on Friday the automaker hopes to stabilize its supply chain for semiconductors during this quarter, but expects real relief from shortages of chips will not arrive until 2023. Kaellenius, who is visiting Mercedes operations in the United States, said production of Mercedes vehicles during the fourth quarter…
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