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20210308-spin-master-corp

Spin Master slows after logistics issues; WowWee spins up shipments

Toy maker Spin Master reported Q4’20 revenues which rose by 3.6% year over year, including an 11.8% slide in sales in North America due to reduced sales of previous blockbusters including Hatchimals. The firm has “experienced significant logistics and warehouse issues” according to CFO Mark Se... Read?more?→

20210305-indonesia-domestic

Indonesian apparel needs help abroad as much as tariffs at home

The Indonesian government may apply tariffs to imports of apparel from Bangladesh, China, Singapore and Vietnam to protect its domestic manufacturers. That comes only shortly after signing the RCEP trade deal which should lead to tariff free trade with China, Singapore and Vietnam. Indonesia’s... Read?more?→

20210305-mexico-oil-crude

Pemex slashes oil exports, gasoline imports as demand remains weak

Pemex, Mexico’s state owned oil firm, does not plan to cut its oil exports in the long term due to “low (production) costs and, of course, the blend of heavy and light oil that we produce has good demand in the international market” according to the firm’s General Director, Ulises Hernandez. ... Read?more?→

20210304-uo-products

Urban Outfitters ready to party as supply chain activity expands

Urban Outfitters reported FQ4’20 (to Jan. 31) revenues which fell by 6.9% year over year as a result of “the coronavirus pandemic and related occupancy restrictions”. Yet, the firm’s CEO, Richard Hayne, has struck an upbeat tone stating he is “particularly excited by the recent uptick in deman... Read?more?→

20210304-gm-corp

Semiconductor shortage chips away at General Motors’ production

General Motors has extended plant closures at four factories due to a continued shortage of semiconductors while it will “leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs for our customers”. That indicates a f... Read?more?→

20210304-qurate-seasonal

Qurate faces tough start to 2021 as logistics costs stay high

Qurate released Q4’20 revenues which rose by 6.7% year over year, beating analysts’ estimates by 1.1 percentage points. A surge in U.S. seaborne imports linked to the firm of 34.7% year over year in Q4’20 reversed in January to a 17.3% decline. While the firm has implemented a “broad program t... Read?more?→

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