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General Motors Locks In Strategic EV Vehicle Supply for 2025

Supply Chain Matters

This week, in conjunction with General Motors reporting of Q2-2022 financial performance, the auto maker disclosed that it had secured strategic supply agreements to support one million electric powered vehicles in North America by 2025. Some Broader Context. While revenues increased 5 percent to $35.8

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Tesla’s Report of 2023 Financial Performance Disappoints

Supply Chain Matters

Supply Chain Matters provides highlights of Tesla’s report of both Q4 and 2023 full year financial performance which were not well received. Financial Highlights- Q4-2023 Total automotive Q4-2023 revenue was reported as $21.6 Financial Highlights- Full Year 2023 Total 2023 automotive revenues were reported as $82.4

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Breaking- Report of CFO Firing at Flexport

Supply Chain Matters

Business broadcasting network CNBC reported today that San Francisco based freight technology start-up Flexport has fired its CFO. The CNBC report, citing informed sources, indicates that CFO Kenny Wagers last day will be this Friday. In addition to the CFO , the company’s human resource executive reportedly resigned.

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Schneider Electric’s Works with EcoVadis to Drive Supplier Emissions Engagment

Logistics Viewpoints

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. The data, which is reported on the EcoVadis platform, highlights the supplier’s emissions. In short, the reported supplier data ripples up to a buyer’s Scope 3 calculations.

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SAP SE Reports Q4 and Full Year 2023 Financial Performance

Supply Chain Matters

Supply Chain Matters provides highlights of B2B, and ERP Cloud based software provider SAP SE’s formal reporting of Q4 and fiscal full year 2023 financial performance. SAP CEO Christien Klein noted in the company’s reporting that: “ SAP has delivered: We met or exceeded our outlook for 2023 in all key metrics.” billion to €7.9

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Samsung Delays Production at New U.S. Factory to 2025, Daily Says

Supply Chain Brain

Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s foundry business.

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SAP Reports Positive Q3 Financial Performance

Supply Chain Matters

In a period where multiple enterprise and specialty software firms are reporting what are perceived to be disappointing or declining profitability, replete with select headcount reductions, SAP SE seems to have countered this trend, reporting better than expected Q3-2022 financial performance. percentage points to 71.7

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