SupplyChain

Supply-chain snarls are still hindering efforts by weapons makers to produce more arms for Ukraine and refill stocks for the U.S. and its allies. Lockheed Martin Corp. said Tuesday that sales of its long-range missiles known as the Guided Multiple Launch Rocket System, or GMLRS, fell in the latest quarter from a year ago. The U.S. has shipped hundreds to Ukraine, where they have been widely used against invading Russian forces. Supply-chain snarls are still hindering efforts by weapons…

India seeks to be more involved in world supply chains and serve as an alternative to China through output-incentive plans and the growth of its domestic consumer market, finance minister Nirmala Sitharaman said. So-called production-linked incentive schemes covering 13 manufacturing sectors including for semiconductors “are bringing in global value chains into India,” Sitharaman said at the Peterson Institute for International Economics. “By doing that, we hope to have production of many of these large, bulk-manufactured…

Walmart WMT 1.65% is going all in on its supply chain.  The retailer, in its two-day investment community meeting that concluded Wednesday, reiterated its target to grow sales by about 4% annually over the next three to five years and to grow operating income by more than that. Chief Financial Officer John Rainey said on Wednesday that the company sees a path for operating-income growth to be markedly…

Supply-chain snarls are fading from among the top challenges facing some U.S. companies as freight congestion eases, shipping costs fall and factories in Asia are freed from Covid-19 lockdowns. The benefits are being felt most among importers of finished goods, such as game company Hasbro Inc., Sharpie pen maker Newell Brands Inc. and sportswear manufacturer Under Armour Inc., whose executives on…

General Motors Co. GM 8.35% posted a $2 billion net profit for the fourth quarter, a surprisingly strong result as factory output rebounded from supply-chain troubles and pricing held strong despite mounting consumer pressures.The Detroit auto maker also said Tuesday it is investing $650 million in a mining company to jointly develop a lithium-extraction project in Nevada. It is the latest move by GM and other auto makers to lock in battery resources to support…

BERLIN—Volkswagen AG reported its lowest sales in more than a decade, but said it was confident business would improve this year as supply-chain blockages ease and semiconductors become more easily available.VW, which also includes passenger-car brands Skoda and Seat, luxury-car maker Audi, and sports-car maker Porsche AG POAHY 0.58% , said Thursday that global sales dropped 7% to 8.3 million vehicles, as supply-chain constraints shut down some factories in Europe in the…

WASHINGTON—With Congress facing pressure to help fix U.S. supply-chain problems exposed by the Covid-19 pandemic, a Republican and a Democratic lawmaker are proposing steps to force federal agencies to take the lead in preventing future shortfalls while better coordinating existing federal programs to build up domestic manufacturing.  Sen. Marco Rubio (R., Fla.) and Rep. Ro Khanna (D., Calif.) plan to introduce legislation on…

Supply-chain snarls are threatening to break a seven-year run of rising global arms sales, even with increasing demand from the war raging in Ukraine and simmering Taiwan-related tensions. Sales by the world’s 100 largest defense companies rose 1.9% last year to $592 billion, slowing from prepandemic levels and led by gains among suppliers in Europe and Asia, according to the Stockholm International Peace Research Institute, a think tank. Supply-chain snarls are threatening to break a…

The threat of a railroad strike this month exposed the vulnerability of U.S. transportation networks and revealed potential new risks of supply-chain disruptions just as pandemic-era bottlenecks were fading. President Biden signed into law a bill Friday compelling freight railroads and their workers’ unions to accept a labor agreement, averting a strike that might have disrupted a logistical linchpin of the economy. Even with the dispute resolved, the episode brought about a heightened awareness that supply hiccups could…

Amazon has a ready audience for its new supply-chain software with a phalanx of small- and medium-size businesses in its third-party marketplace. Photo: Reuters Staff/REUTERS…