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November 30, 2021

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Gap shares crater 15% after retailer sees millions in lost sales from delayed product shipments, cuts its forecast

CNBC
CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares tumbled Tuesday after the company slashed its full-year outlook, with fiscal third-quarter results falling short as Covid-related factory closures led to significant product delays......

Rocket Lab CEO says companies not reusing rockets are making ‘a dead-end product’

CNBC
CNBC – For more and to sign up click here A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once......

Microsoft’s GitHub CEO Nat Friedman is stepping down, product chief Thomas Dohmke will replace him

CNBC
CNBC – For more and to sign up click here From left, GitHub CEO Chris Wanstrath, Microsoft CEO Satya Nadella and future GitHub CEO Nat Friedman at GitHub headquarters in San Francisco. Source: Microsoft Microsoft said Wednesday that Nat Friedman, CEO of the company’s GitHub subsidiary that provides software for......

Apple’s Most Back-Ordered New Product Is Not What You Expect

New York Times
OAKLAND, Calif — Apple this month unveiled an array of new gadgets: more powerful MacBook laptop computers, AirPod wireless headphones with longer battery life and HomePod Mini speakers in three more colors. But a different and unheralded Apple release is garnering so much interest that it has become the company’s......

Coca-Cola CEO expects to see sporadic product shortages through 2022

CNBC
CNBC – For more and to sign up click here James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola CEO James Quincey said Wednesday he expects to see......

Baking group CEO predicts new product surge

FoodBusinessNews
BOCA RATON, FLA. — Having successfully weathered a blizzard of demand at the start of the pandemic and amid a daily struggle to maintain production levels in the face of labor and supply-chain challenges, bakers are poised for the largest wave of new product introductions in years, said Robb MacKie,......

Nike and Costco warn of product shortages and delays

BBC
https://www.bbc.co.uk/news/business-58685889?at_medium=RSS&at_campaign=KARANGA “The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labour cost pressures and truck and driver shortages,” said Costco’s chief financial officer, Richard Galanti. BBC – For more and to sign up click here To Return......

Twitter rolls out bitcoin tipping, safety features in product push

Reuters
Sept 23 (Reuters) – Twitter Inc (TWTR.N) will allow people to tip their favorite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday. The San Francisco-based company added it will test new......

Product scarcity may impact holiday shopping, construction projects and car industry

CBS News
CBS News – For more and to sign up click here Product scarcity may impact holiday shopping, construction projects and car industry – CBS News Watch CBSN Live CBS News business analyst Jill Schlesinger explains why there is a supply shortage, what items will see the most impact and what......

Coinbase drops plans to launch interest product after CEO’s SEC comments

CNBC
CNBC – For more and to sign up click here Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase has decided to halt its plans to launch......

Evergrande begins repaying wealth product investors with property

Reuters
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo BEIJING, Sept 19 (Reuters) – Cash-strapped developer China Evergrande Group (3333.HK) has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group......

Apple revamps its iPad lineup as its annual product event kicks off.

New York Times
Apple on Tuesday introduced the new version of its entry-level $300 iPad with a 10.2 inch screen. At its annual product event, which the company holds to set the stage for its holiday sales, the iPad was the first gadget to be showcased. The new tablet emphasizes video calls, a......

Perfion PIM Classified Vendor of Merit, Ventana Research Product Information Management Value Index

@BreaknNews
The Value Index for Product Information Management finds Perfion PIM on the list, categorized as a Vendor of Merit.By: Perfion Inc. AUSTIN, Texas – Aug. 19, 2021 – — The Value Index is based on a comprehensive examination of vendors’ PIM products in seven evaluation categories, five that evaluate the products’......

Synthetic biology company Zymergen plunges 68% after saying product revenue will be ‘immaterial’ in 2022, removing CEO

CNBC
CNBC – For more and to sign up click here Jay Flatley, acting CEO of Zymergen Mark Neuling | CNBC A little more than three months after pricing its IPO at the top of its expected range and soaring out of the gate, Zymergen is warning investors that revenue from......

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