Toyota Profit Takes Hit From Supply-Chain Troubles, Higher Costs
A Toyota dealership in Sapporo, Japan.
Photo:
Kentaro Takahashi/Bloomberg News…
Browsing Tag
SupplyChain
Companies Offer Supply-Chain Financing to Vendors as They Bulk Up on Inventory, Push Out Payment Terms
More companies are offering supply-chain financing to their vendors, a tool that allows them to pay their bills later while also providing suppliers with faster access to cash.Supply-chain financing can boost the cash position of both buyers and sellers. A third party, often a bank, pays a vendor’s invoices but takes a cut. The company pays the bank the amount that was due under the invoice, though at a later date than originally required. The bank’s cut is determined by the company’s credit rating. Supply-chain snarls…
McDonald’s Names New Finance, Supply-Chain Executives
McDonald’s unveiled a series of management changes that includes new financial and supply-chain chiefs.The fast-food giant said Kevin Ozan, who has been chief financial officer since March 2015, will take on the new post of senior executive vice president of strategic initiatives, while Francesca DeBiase is retiring as global chief supply-chain officer.
McDonald’s unveiled a series of management changes that includes new financial and supply-chain chiefs.The fast-food giant said Kevin Ozan, who has been chief financial…
HP Lifts Earnings Outlook Despite Supply-Chain Disruptions
HP offered an upbeat earnings outlook even as ongoing supply-chain disruptions and sanctions against Russia impact its laptop and printing business.The tech equipment company on Tuesday said demand for computers in recent months was largely fueled by sales to commercial customers. HP joined Dell Technologies Inc. and others in seeing a slowdown in lower-cost laptop sales that boomed during the pandemic, whereas businesses are still investing in computers as staff switch from remote to hybrid work arrangements.
HP…
Deere Profit Rises Despite Supply-Chain Challenges
Deere & Co.
DE -1.10%
posted higher sales and profit in its fiscal second quarter on strong demand for its farm and construction equipment, even as the company confronts supply-chain challenges and inflation weighs on American farmers.
Chief Executive
John May
said that supply-chain pressures disrupted production levels and deliveries during the quarter and that the company is working with suppliers…