in

Deere Sees Fragile Supply Chains as Challenge for Tractor Boom

Advertisements

Chicago Local News — Deere Sees Fragile Supply Chains as Challenge for Tractor Boom that we obtained from news agencies. opinions and stunning details about the Deere Sees Fragile Supply Chains as Challenge for Tractor Boom that you have never heard before.

Deere Sees Fragile Supply Chains as Challenge for Tractor Boom

But manufacturers will continue to endure fragile supply chains, May and his team said during Wednesday’s earnings call, with pockets of improvements coming slowly and more work needed to clear partially completed machines from inventory.

“We’re not assuming that our operations return to normal levels of productivity and efficiency in our forecast,” Chief Financial Officer Josh Jepsen told analysts on the call.

Nor is cost inflation likely to peter out any time soon. Some relief in raw material and freight costs will be canceled out by pricier labor, energy and components in fiscal 2023, with production cost increases expected to be in the mid single digits. Sales are set to more than compensate, with Moline-based…

Advertisements
Advertisements

What do you think?

Posted by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

Leave a Reply

Five reasons why Switzerland are dark horses at the World Cup in Qatar – Chicago Popular

Best Black Friday Deals At Nordstrom