Carrefour, a leading French retail chain, has launched a campaign to combat "shrinkflation," adding price warnings on a variety of goods, including Lindt chocolates and Lipton iced tea.&nbsp;

The action is intended to put pressure on significant consumer products suppliers like Nestle, PepsiCo, and Unilever to reduce prices, and also prepares the ground for crucial contract negotiations that are scheduled to be finished by October 15.&nbsp;

Even as raw material costs have begun to decline, Carrefour has started identifying goods that have increased in price but have shrunk in size. The objective is to gain consumer support as retailers get ready for significant negotiations with some of the biggest brands in the world.&nbsp;

Reuters quoted Stefen Bompais, Director of Client Communications at Carrefour, as saying that the intent behind the initiative, saying, "Obviously, the aim in stigmatising these products is to be able to tell manufacturers to rethink their pricing policy."&nbsp;

Despite a drop in the cost of raw materials, Carrefour's CEO, Alexandre Bompard, who also serves as the head of the retail sector advocacy group FDC, has often expressed his concerns about the failure of consumer goods producers to cooperate in lowering the prices of various basics.&nbsp;

Bruno Le Maire, France's finance minister, has echoed these worries by calling 75 significant shops and consumer advocacy organisations in June to demand price reductions. Le Maire singled out Unilever, Nestle, and PepsiCo as firms not reaching pricing expectations following a new round of meetings last month.&nbsp;

Starting from Monday, Carrefour has labelled 26 products in its French stores with tags reading, “This product has seen its volume or weight fall and the effective price by the supplier rise.”&nbsp;

For instance, PepsiCo lowered the size of a bottle of its sugar-free, peach-flavored Lipton Iced Tea from 1.5 to 1.25 litres, resulting in a 40 per cent rise in the actual price per litre. Infant formula from Nestle, Guigoz, was reduced from 900 grams to 830 grams, and the Viennetta ice-cream cake from Unilever was reduced from 350 grams to 320 grams.&nbsp;

Consumer advocacy groups contend that retailers like Carrefour use "shrinkflation" on their private label products, making it a common practice.&nbsp;

With varying degrees of success, France and other European countries have been forcing large corporations to freeze or lower food and transport prices for several months to ease consumer woes brought on by rising living costs.&nbsp;

Bompais said that Carrefour has issued shrinkflation warnings in all its French stores and will continue to do so until the targeted suppliers agree to lower prices.&nbsp;

Although the shop could apply warnings to other products, it does not currently have plans to expand this programme.&nbsp;

(With inputs from Reuters)

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Carrefour, a leading French retail chain, has launched a campaign to combat "shrinkflation," adding price warnings on a variety of goods, including Lindt chocolates and Lipton iced tea.

Carrefour, a leading French retail chain, has launched a campaign to combat "shrinkflation," adding price warnings on a variety of goods, including Lindt chocolates and Lipton iced tea. The action is intended to put pressure on significant consumer products suppliers like Nestle, PepsiCo, and Unilever to reduce prices, and also prepares the ground for crucial contract negotiations that are scheduled to be finished by October 15. Even as raw material costs have begun to decline, Carrefour has started identifying goods that have increased in price but have shrunk in size. The objective is to gain consumer support as retailers get ready for significant negotiations with some of the biggest brands in the world. Reuters quoted Stefen Bompais, Director of Client Communications at Carrefour, as saying that the intent behind the initiative, saying, "Obviously, the aim in stigmatising these products is to be able to tell manufacturers to rethink their pricing policy." Despite a drop in the cost of raw materials, Carrefour's CEO, Alexandre Bompard, who also serves as the head of the retail sector advocacy group FDC, has often expressed his concerns about the failure of consumer goods producers to cooperate in lowering the prices of various basics. Bruno Le Maire, France's finance minister, has echoed these worries by calling 75 significant shops and consumer advocacy organisations in June to demand price reductions. Le Maire singled out Unilever, Nestle, and PepsiCo as firms not reaching pricing expectations following a new round of meetings last month. Starting from Monday, Carrefour has labelled 26 products in its French stores with tags reading, “This product has seen its volume or weight fall and the effective price by the supplier rise.” For instance, PepsiCo lowered the size of a bottle of its sugar-free, peach-flavored Lipton Iced Tea from 1.5 to 1.25 litres, resulting in a 40 per cent rise in the actual price per litre. Infant formula from Nestle, Guigoz, was reduced from 900 grams to 830 grams, and the Viennetta ice-cream cake from Unilever was reduced from 350 grams to 320 grams. Consumer advocacy groups contend that retailers like Carrefour use "shrinkflation" on their private label products, making it a common practice. With varying degrees of success, France and other European countries have been forcing large corporations to freeze or lower food and transport prices for several months to ease consumer woes brought on by rising living costs. Bompais said that Carrefour has issued shrinkflation warnings in all its French stores and will continue to do so until the targeted suppliers agree to lower prices. Although the shop could apply warnings to other products, it does not currently have plans to expand this programme. (With inputs from Reuters) WATCH WION LIVE HERE

French retail chain Carrefour takes action against "shrinkflation". Here's why

European aircraft manufacturer Airbus said Wednesday its revenues and net profit fell during the first quarter of the year as deliveries dropped amid continuing supply chain difficulties.

The company delivered 127 aircraft in the first three months of this year, down from 142 during the same period last year.

While this had only a modest impact on revenue, which dipped two per cent to 11.76 billion ($13.0 billion), net profit fell by 62 per cent to 466 million euros.

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/air-france-airbus-went-to-trial-for-the-2009-rio-paris-crash-heres-what-happened-583379">Explained | Air France, Airbus trial over the 2009 Rio-Paris crash. Here's what happened</a>

"We continue to face an adverse operating environment that includes in particular persistent tensions in the supply chain," said chief executive Guillaume Faury.

Airbus posted a record profit of 4.2 billion euros in 2022 despite supply chain problems limiting its ability to raise production.

ALSO WATCH |&nbsp;Low output by Airbus causes concerns

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The company slashed production and jobs during the pandemic when airlines halted most operations, and it has had trouble scaling production back up, as have some of its suppliers.

The Russian invasion of Ukraine also complicated sourcing certain parts.

Revenues generated by Airbus' commercial aircraft activities decreased by five per cent year-on-year, mainly reflecting the lower deliveries, the company said.

The company's defence and space unit saw revenues drop by six per cent, while the helicopter unit jumped by 26 per cent as deliveries rose.

The first quarter performance was also hit by a charge of 360 million euros due to change in the value of the US dollar from when some pre-payments were made to settlement when aircrafts were delivered.

The company said it's 2023 outlook remains unchanged, which is for commercial aircraft deliveries to rise from 661 last year to 720 this year. 
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European aircraft manufacturer Airbus said Wednesday its revenues and net profit fell during the first quarter of the year as deliveries dropped amid continuing supply chain difficulties.

European aircraft manufacturer Airbus said Wednesday its revenues and net profit fell during the first quarter of the year as deliveries dropped amid continuing supply chain difficulties. The company delivered 127 aircraft in the first three months of this year, down from 142 during the same period last year. While this had only a modest impact on revenue, which dipped two per cent to 11.76 billion ($13.0 billion), net profit fell by 62 per cent to 466 million euros. ALSO READ | Explained | Air France, Airbus trial over the 2009 Rio-Paris crash. Here's what happened "We continue to face an adverse operating environment that includes in particular persistent tensions in the supply chain," said chief executive Guillaume Faury. Airbus posted a record profit of 4.2 billion euros in 2022 despite supply chain problems limiting its ability to raise production. ALSO WATCH | Low output by Airbus causes concerns × The company slashed production and jobs during the pandemic when airlines halted most operations, and it has had trouble scaling production back up, as have some of its suppliers. The Russian invasion of Ukraine also complicated sourcing certain parts. Revenues generated by Airbus' commercial aircraft activities decreased by five per cent year-on-year, mainly reflecting the lower deliveries, the company said. The company's defence and space unit saw revenues drop by six per cent, while the helicopter unit jumped by 26 per cent as deliveries rose. The first quarter performance was also hit by a charge of 360 million euros due to change in the value of the US dollar from when some pre-payments were made to settlement when aircrafts were delivered. The company said it's 2023 outlook remains unchanged, which is for commercial aircraft deliveries to rise from 661 last year to 720 this year. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Airbus net profit goes down as airplane deliveries drop due to supply chain issues

On Friday, Europe’s biggest home appliances maker and Sweden-based company, Electrolux, reported heavy losses in its third quarter which they have attributed to supply chain disruptions and weak market conditions. The company is also set to cut 4,000 jobs as a part of a cost-cutting programme.&nbsp;

The company reported a loss of at least 605 million Swedish kronor ($55 million) which is down from the net profit of 1.1 billion kronor last year. “Market demand in both Europe and North America for the full-year of 2023 is expected to further deteriorate, i.e. be negative year-over-year,” said Chief Executive Jonas Samuelson.&nbsp;

ALSO READ:&nbsp;<a href="https://www.wionews.com/business-economy/report-intel-plans-to-layoff-thousands-in-workforce-amid-pc-market-slowdown-524809">Report: Intel plans to lay off thousands in workforce amid PC market slowdown</a>

This comes after the company had heavily invested in North America, however, the supply chain issues and component shortages have delayed local production in the region. The company has said that a majority of the targeted cost savings will also take place in this region and at least 3,500 to 4,000 positions will be affected.&nbsp;

The company’s North American business alone has reported a loss of 1.2 billion kronor ($109 million). However, they believe that this company-wide cost-cutting and turnaround programme in North America should lead to some positive earnings next year. Notably, by the end of 2021, Electrolux had 52,000 employees.&nbsp;

ALSO READ:&nbsp;<a href="https://www.wionews.com/india-news/indian-edtech-giant-byjus-lays-off-2500-employees-524845">Indian edtech giant Byju's lays off 2,500 employees to cut costs, improve profitability</a>

The group also reported a $35.1 million operating loss in the third quarter despite their revenue increase to 35.2 billion kronor which is up from 31 billion during the same quarter in 2021, which the company has attributed to “strong price execution across all business areas”. Notably, Electrolux first announced the details of a cost-cutting programme in September.&nbsp;

(With inputs from agencies)&nbsp;

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On Friday, Europe’s biggest home appliances maker and Sweden-based company, Electrolux, reported heavy losses in its third quarter which they have attributed to supply chain disruptions and weak market conditions.

On Friday, Europe’s biggest home appliances maker and Sweden-based company, Electrolux, reported heavy losses in its third quarter which they have attributed to supply chain disruptions and weak market conditions. The company is also set to cut 4,000 jobs as a part of a cost-cutting programme. The company reported a loss of at least 605 million Swedish kronor ($55 million) which is down from the net profit of 1.1 billion kronor last year. “Market demand in both Europe and North America for the full-year of 2023 is expected to further deteriorate, i.e. be negative year-over-year,” said Chief Executive Jonas Samuelson. ALSO READ: Report: Intel plans to lay off thousands in workforce amid PC market slowdown This comes after the company had heavily invested in North America, however, the supply chain issues and component shortages have delayed local production in the region. The company has said that a majority of the targeted cost savings will also take place in this region and at least 3,500 to 4,000 positions will be affected. The company’s North American business alone has reported a loss of 1.2 billion kronor ($109 million). However, they believe that this company-wide cost-cutting and turnaround programme in North America should lead to some positive earnings next year. Notably, by the end of 2021, Electrolux had 52,000 employees. ALSO READ: Indian edtech giant Byju's lays off 2,500 employees to cut costs, improve profitability The group also reported a $35.1 million operating loss in the third quarter despite their revenue increase to 35.2 billion kronor which is up from 31 billion during the same quarter in 2021, which the company has attributed to “strong price execution across all business areas”. Notably, Electrolux first announced the details of a cost-cutting programme in September. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Electrolux to lay off 4,000 people worldwide citing heavy losses in third-quarter

As UK is struggling with political instability. The economic instability is also becoming increasingly worrying for average households.

Millions of people marching towards starvation as UK's cost of living crisis deepens

The disruption in the supply chain, labour shortage, and a plethora of other factors have hampered the deliveries of cars across the globe. While most auto companies are troubled by the lack of semiconductors, Ford Motors is facing a rather unique problem.

The disruption in the supply chain, labour shortage, and a plethora of other factors have hampered the deliveries of cars across the globe. While most auto companies are troubled by the lack of semiconductors, Ford Motors is facing a rather unique problem. Reportedly, the US-based car manufacturer has had to delay its deliveries because it didn’t have the blue oval badges that are usually strapped on the exterior of its vehicles. The iconic blue-coloured badge with Ford written on it has been one of the most identifiable features of the car brand. However, due to supply chain constraints, the company is unable to get its hands on the badges and car model-specific nameplates. Read more: Ford confirms it will layoff about 3,000 employees globally amid restructuring Some reports suggest that Ford has considered workarounds such as 3-D printing the badge. However, it dropped the plan after the 3-D printed insignia did not meet the standards of quality. According to Ford, the snarl (whether only caused by badges or another item is yet not known) has impacted the deliveries of its cars, including the popular F-series pickup trucks. Data suggest that approximately 40,000 to 45,000 Ford vehicles, at the end of the third quarter, have not been shipped to the dealers because they do not have some of the important parts. The global auto industry has been wrestling with various supply-chain disruptions for more than a year. Semiconductor has been one of the most sought-after piece of equipment that has been hard to come by. However, the fact that Ford cannot get its hands on basic equipment such as a badge suggests that the supply chain crisis goes beyond a silicon chip. While there is a backlog of deliveries, Ford has not made matters easier for itself by recently recalling more than 200,000 SUVs in the United States due to some issues with the fan motors. Read more: Ford recalls over 200,000 SUVs as faulty fan motor leads to fire incidents As reported by WION, the recalled cars were mainly Ford Expeditions and Lincoln Navigators from the 2015 through 2017 model years. This was the second time that these car models have been recalled in the last six months (With inputs from agencies) WATCH WION LIVE HERE:

Shortage of Ford’s iconic oval blue-coloured badge hits car deliveries

The breakdown in the supply chain system has hit auto companies across the planet. The delay in the supply of crucial electrical and mechanical equipment required to roll cars out of the factories has led to a huge backlog of deliveries.

The breakdown in the supply chain system has hit auto companies across the planet. The delay in the supply of crucial electrical and mechanical equipment required to roll cars out of the factories has led to a huge backlog of deliveries. Couple it with sky-high inflation rates and you have a market where already expensive Ferrari supercars are set to get even more expensive from the first quarter of next year. Reportedly, Enzo Ferrari founded Ferrari is expected to hike the prices of its supercar models which include the likes of Monza and Portofino. While Monza is priced at $1.6 million already, Portofino is not much cheaper either as it comes at a price of $219,460. However, both are set to receive a price hike. While Ferrari has witnessed a positive demand trend in the supercar segment, it is not able to achieve speedy deliveries of cars. According to Ferrari's Chief Executive Officer Benedetto Vigna, the supercar company is booking orders from customers who will be receiving the delivery beyond next year. Vigna, speaking at the earnings call stated that growth in deliveries is expected to remain slow in 2023 as well. It is quite remarkable that a sector that was earlier bleeding due to lack of demand at the peak of the pandemic, is now troubled by the lack of supplies. However, the auto segment is not the only sector to be troubled by inflation and supply chain problems. As reported by WION, leading aircraft manufacturer Boeing has also remarked that the chances of deliveries improving in 2023 were slim. Read More: Supply chain constraints and labour shortage delay Boeing 737 MAX production However, despite all the problems, the Italy-based auto manufacturer reported a net profit of $257 million in the quarter ending June. One of the biggest calls to come from the warning call was Ferrari's new business plan of making 80 per cent of its cars by 2030, either electric or hybrid. Currently, Ferrari is known for its gas-guzzling, thunderous-noise-producing conventional combustion engines. However, as the world moves toward an electric and green future, Ferrari is looking to stay with the curve. (With inputs from agencies) WATCH WION LIVE HERE:

Already expensive Ferrari supercars to get even more costly. Supply chain and inflation to be blamed

A global pandemic and a complete breakdown in the supply chain system has hit the aviation industry hard. Boeing, one of the world's biggest aviation companies, has&nbsp;not been untouched by the effects either. On Monday, Boeing CEO Dave Calhoun stated that his company will not be able to increase the production of its controversial yet best-selling 737 MAX, due to supply chain constraints, majorly concerning the engines.&nbsp;

It is quite remarkable that a sector that was earlier bleeding due to lack of demand&nbsp;at the peak of the pandemic, is now troubled by the lack of supplies.

“It is the story of the show. Yes, it applies to us. averages don’t work very well for customers; predictability does. We have to be at 31 every month, consistently and predictably. We need our customer's commitment at every step of the way but we are not there yet. We’ll get into rate increases when we get into rate increases, but the supply chain isn’t ready for it yet,” said&nbsp;Dave Calhoun.

Read more:&nbsp;<a href="https://www.wionews.com/videos/boeing-cuts-20-year-outlook-for-planes-498346">Boeing cuts 20-year outlook for planes</a>

Engine procurement delay and lack of labour force

Calhoun further revealed that it was delayed procurement of engines from the makers that was delaying the aircraft production. "The supply constraints are in the engine world without a doubt and we have known that. And that will be the constraint for at least the next 18 months. We will work our way through that,"

The fragility of the supply chain system across the world was exposed in the aftermath of the Covid pandemic. While the economies around the planet have started to open up, skilled and unskilled labour is still hard to find. Even Boeing is having a tough time assembling the right workers for its aircraft&nbsp; production.&nbsp; "There are a lot of things we can’t get done because we don’t have the people,” added&nbsp;Calhoun.&nbsp;

Boeing's competitor Airbus has nudged ahead of it in recent times. If the supply chain constraints are not sorted, the gap is expected to widen further.&nbsp;

(With inputs from agencies)

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A global pandemic and a complete breakdown in the supply chain system has hit the aviation industry hard. Boeing, one of the world's biggest aviation companies, has not been untouched by the effects either.

A global pandemic and a complete breakdown in the supply chain system has hit the aviation industry hard. Boeing, one of the world's biggest aviation companies, has not been untouched by the effects either. On Monday, Boeing CEO Dave Calhoun stated that his company will not be able to increase the production of its controversial yet best-selling 737 MAX, due to supply chain constraints, majorly concerning the engines. It is quite remarkable that a sector that was earlier bleeding due to lack of demand at the peak of the pandemic, is now troubled by the lack of supplies. “It is the story of the show. Yes, it applies to us. averages don’t work very well for customers; predictability does. We have to be at 31 every month, consistently and predictably. We need our customer's commitment at every step of the way but we are not there yet. We’ll get into rate increases when we get into rate increases, but the supply chain isn’t ready for it yet,” said Dave Calhoun. Read more: Boeing cuts 20-year outlook for planes Engine procurement delay and lack of labour force Calhoun further revealed that it was delayed procurement of engines from the makers that was delaying the aircraft production. "The supply constraints are in the engine world without a doubt and we have known that. And that will be the constraint for at least the next 18 months. We will work our way through that," The fragility of the supply chain system across the world was exposed in the aftermath of the Covid pandemic. While the economies around the planet have started to open up, skilled and unskilled labour is still hard to find. Even Boeing is having a tough time assembling the right workers for its aircraft production. "There are a lot of things we can’t get done because we don’t have the people,” added Calhoun. Boeing's competitor Airbus has nudged ahead of it in recent times. If the supply chain constraints are not sorted, the gap is expected to widen further. (With inputs from agencies) WATCH WION LIVE HERE:

Supply chain constraints and labour shortage delay Boeing 737 MAX production

Amid all the suffering due to inflation and supply chain issues, tampon supply has been hit hard adding to the woes of the women in the menstruating age group in the United States. The war in Ukraine has further crimped supply because Russia and Ukraine are both major exporters of fertilizer, which is used to grow cotton

Women are complaining on social media about missing tampons on the shelves of the supermarkets. The issue garnered national interest this week after an article in TIME magazine called the dearth of tampons and pads the shortage “no one is talking about.”

Procter &amp; Gamble told Bloomberg that the company was "working hard to ramp up production to meet the increased demand for our products." The company owns a number of the biggest sanitary product brands in the US, including Tampax and Always.

A spokesperson for Edgewell Personal Care, which makes Playtex and o.b. tampons, said that its stocks have been "impacted due to extensive workforce shortages caused by two separate Omicron surges in the US and Canada in late 2021 and early 2022, respectively".

Also Read:&nbsp;<a href="https://www.wionews.com/world/boris-johnson-says-uk-government-not-deterred-by-criticism-of-rwanda-deportation-policy-488127">Boris Johnson says UK government 'not deterred' by criticism of Rwanda deportation policy</a>

Tampon prices are up significantly — nearly 10% from a year ago, according to Bloomberg. But an Amazon spokesperson denied rumours of price gouging, saying its policies "help ensure sellers are pricing their products competitively," and that the company actively monitors pricing and removes offers that violate its fair pricing policy.

On Monday, the US Senator for New Hampshire, Maggie Hassan, wrote to the CEO of Procter &amp; Gamble, urging the manufacturer to tackle the shortages, which she labelled "very troubling."

Hassan cited a story in Time Magazine, in which a reporter was unable to find tampons across several states, and criticized the "price gouging" of items.

(with inputs from agencies)

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Amid all the suffering due to inflation and supply chain issues, tampon supply has been hit hard adding to the woes of the women in the menstruating age group in the United States.

Amid all the suffering due to inflation and supply chain issues, tampon supply has been hit hard adding to the woes of the women in the menstruating age group in the United States. The war in Ukraine has further crimped supply because Russia and Ukraine are both major exporters of fertilizer, which is used to grow cotton Women are complaining on social media about missing tampons on the shelves of the supermarkets. The issue garnered national interest this week after an article in TIME magazine called the dearth of tampons and pads the shortage “no one is talking about.” Procter & Gamble told Bloomberg that the company was "working hard to ramp up production to meet the increased demand for our products." The company owns a number of the biggest sanitary product brands in the US, including Tampax and Always. A spokesperson for Edgewell Personal Care, which makes Playtex and o.b. tampons, said that its stocks have been "impacted due to extensive workforce shortages caused by two separate Omicron surges in the US and Canada in late 2021 and early 2022, respectively". Also Read: Boris Johnson says UK government 'not deterred' by criticism of Rwanda deportation policy Tampon prices are up significantly — nearly 10% from a year ago, according to Bloomberg. But an Amazon spokesperson denied rumours of price gouging, saying its policies "help ensure sellers are pricing their products competitively," and that the company actively monitors pricing and removes offers that violate its fair pricing policy. On Monday, the US Senator for New Hampshire, Maggie Hassan, wrote to the CEO of Procter & Gamble, urging the manufacturer to tackle the shortages, which she labelled "very troubling." Hassan cited a story in Time Magazine, in which a reporter was unable to find tampons across several states, and criticized the "price gouging" of items. (with inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Is United States actually facing tampon shortage crisis?

Tesla CEO Elon Musk has said that supply chain issues can slow rollout of new vehicles.

The electric carmaker, which scored an 87 percent jump in auto deliveries last year in spite of the global semiconductor shortage, reported a 71 percent rise in revenues to $53.8 billion.

He said plans for its Cybertruck, Tesla's first pickup, would be pushed back to at least 2023, along with a new Roadster and a semi-truck.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/technology/elon-musks-neuralink-to-start-clinical-trials-of-implanting-brain-chips-in-humans-446942" hreflang="en">Elon Musk's Neuralink to start clinical trials of implanting brain chips in humans</a>

"The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain," Tesla said.

"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022."

Musk said, ''I hopes Tesla will be ready to bring those to production hopefully next year. That is most likely.''

"We will not be introducing new vehicle models this year. It would not make any sense because we'll still be parts constrained," Musk said on a call with analysts.

Also read |&nbsp;<a href="https://www.wionews.com/trending/analysts-predict-next-12-months-could-be-most-lucrative-for-tesla-ceo-elon-musk-447913" hreflang="en">Analysts predict next 12 months could be most lucrative for Tesla CEO Elon Musk</a>

He said additional products "would then require a bunch of attention and resources on that increased complexity of the additional product, resulting in fewer vehicles actually being delivered this year."

Musk said he hopes to produce a quarter-million Cybertrucks annually but achieving this will take time because of a lot of new technology to be introduced.

"Batteries will probably not be the limiting factor in Cybertruck production," he said.

"I worry more about like how do we make the Cybertruck affordable despite having awesome technology," he said.

Earlier in January, Reuters reported Tesla delayed its Cybertruck production as it changes features and functions in the face of rising competition in the electric pickup market.

Tesla, which began making electric vehicles with the premium sedan, Model S, and later introduced a more affordable car, the Model 3, has yet to launch in the highly profitable pickup truck segment currently dominated by fuel-guzzling vehicles from the US&nbsp;automakers.

(With inputs from agencies)

Tesla CEO Elon Musk has said that supply chain issues can slow rollout of new vehicles. The electric carmaker, which scored an 87 percent jump in auto deliveries last year in spite of the global semiconductor shortage, reported a 71 percent rise in revenues to $53.

Tesla CEO Elon Musk has said that supply chain issues can slow rollout of new vehicles. The electric carmaker, which scored an 87 percent jump in auto deliveries last year in spite of the global semiconductor shortage, reported a 71 percent rise in revenues to $53.8 billion. He said plans for its Cybertruck, Tesla's first pickup, would be pushed back to at least 2023, along with a new Roadster and a semi-truck. Also read | Elon Musk's Neuralink to start clinical trials of implanting brain chips in humans "The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain," Tesla said. "Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022." Musk said, ''I hopes Tesla will be ready to bring those to production hopefully next year. That is most likely.'' "We will not be introducing new vehicle models this year. It would not make any sense because we'll still be parts constrained," Musk said on a call with analysts. Also read | Analysts predict next 12 months could be most lucrative for Tesla CEO Elon Musk He said additional products "would then require a bunch of attention and resources on that increased complexity of the additional product, resulting in fewer vehicles actually being delivered this year." Musk said he hopes to produce a quarter-million Cybertrucks annually but achieving this will take time because of a lot of new technology to be introduced. "Batteries will probably not be the limiting factor in Cybertruck production," he said. "I worry more about like how do we make the Cybertruck affordable despite having awesome technology," he said. Earlier in January, Reuters reported Tesla delayed its Cybertruck production as it changes features and functions in the face of rising competition in the electric pickup market. Tesla, which began making electric vehicles with the premium sedan, Model S, and later introduced a more affordable car, the Model 3, has yet to launch in the highly profitable pickup truck segment currently dominated by fuel-guzzling vehicles from the US automakers. (With inputs from agencies)

Tesla CEO Elon Musk says supply chain issues can slow rollout of new vehicles

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market.

Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays.

“It’s not even just that basic transportation issue. We’re also looking at things like shortages of the cage that goes on top of your bottle, labels, boxes to put wine in,” Napjus said.

Fox Business reported that multiple companies have reported “higher logistics-related costs and disruptions” to their normal business.

Vineyards have also been impacted as they are dealing with a shortage of truck drivers and backlog at the ports, according to reports.

Earlier this month, a report from Wine Enthusiast Magazine&nbsp;predicted that the impact of the champagne shortage may last for years in the country.&nbsp;

According to the outlet, Comité Interprofessionnel du Vin de Champagne (CIVC) – the French region’s trade organisation—reported that demand for Champagne dropped 18 per cent by volume in 2020. In response, the CICV capped production limits for the year at 25 percent less than its 2019 limits.

However, towards the end of 2020 during the holiday season and in 2021, demand increased once again.

Throughout 2021, champagne’s harvest was marred with horrible weather issues, including out-of-season heat waves, frost, and torrential summer rains, according to Wine Enthusiast.

(With inputs from agencies)

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market. Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays.

US might be staring at a massive shortage of wine this new year as experts have warned of massive supply chain issues affecting the global market. Senior editor of Wine Spectator Alison Napjus told Fox Business that combined factors of logistical disruptions, shipments backlogged at US ports and a lack of delivery drivers have created a “perfect storm” ahead of one of their busiest holidays. “It’s not even just that basic transportation issue. We’re also looking at things like shortages of the cage that goes on top of your bottle, labels, boxes to put wine in,” Napjus said. Fox Business reported that multiple companies have reported “higher logistics-related costs and disruptions” to their normal business. Vineyards have also been impacted as they are dealing with a shortage of truck drivers and backlog at the ports, according to reports. Earlier this month, a report from Wine Enthusiast Magazine predicted that the impact of the champagne shortage may last for years in the country. According to the outlet, Comité Interprofessionnel du Vin de Champagne (CIVC) – the French region’s trade organisation—reported that demand for Champagne dropped 18 per cent by volume in 2020. In response, the CICV capped production limits for the year at 25 percent less than its 2019 limits. However, towards the end of 2020 during the holiday season and in 2021, demand increased once again. Throughout 2021, champagne’s harvest was marred with horrible weather issues, including out-of-season heat waves, frost, and torrential summer rains, according to Wine Enthusiast. (With inputs from agencies)

Ahead of 2022, US may face shortage of champagne owing to supply chain issues: Report

A new kind of chip shortage has hit Japanese supply chains, with&nbsp;McDonald's&nbsp;forced to ration fries in the country as Covid-19 and floods in Canada squeeze potato imports.

McDonald's&nbsp;Japan said it will only sell small-sized French fries for a week from Friday to avoid shortages.

Also read |&nbsp;<a href="https://www.wionews.com/trending/drink-milk-japan-urges-people-as-huge-wastage-looms-439074">Drink milk, Japan urges people as huge wastage looms</a>

"Due to large-scale flooding near the Port&nbsp;of&nbsp;Vancouver... and the global supply chain crunch caused by the coronavirus pandemic, there are delays in the supply of potatoes," it said in a statement on Tuesday.

The company said it has taken the measure to ensure that customers can still order fries, even though the "stable procurement of resource materials" is proving difficult.

The restriction comes during the busy year-end period, with schools and offices beginning to close for the holidays.

Also read |&nbsp;<a href="https://www.wionews.com/world/japan-hangs-3-defends-capital-punishment-calls-it-necessary-for-atrocious-crimes-438987">Japan hangs 3, defends 'capital punishment', calls it necessary for 'atrocious crimes'</a>

It will also be in place on Christmas Day -- commonly celebrated in Japan with a hearty serving of another US fast-food behemoth, Kentucky Fried Chicken, which is heavily marketed around the festive period.

Meanwhile, a pandemic-fuelled global microchip shortage continues to plague auto giants including Japan's Toyota, which has announced production cuts due to the crisis and supply chain issues in Southeast Asia.

A new kind of chip shortage has hit Japanese supply chains, with McDonald's forced to ration fries in the country as Covid-19 and floods in Canada squeeze potato imports.

A new kind of chip shortage has hit Japanese supply chains, with McDonald's forced to ration fries in the country as Covid-19 and floods in Canada squeeze potato imports. McDonald's Japan said it will only sell small-sized French fries for a week from Friday to avoid shortages. Also read | Drink milk, Japan urges people as huge wastage looms "Due to large-scale flooding near the Port of Vancouver... and the global supply chain crunch caused by the coronavirus pandemic, there are delays in the supply of potatoes," it said in a statement on Tuesday. The company said it has taken the measure to ensure that customers can still order fries, even though the "stable procurement of resource materials" is proving difficult. The restriction comes during the busy year-end period, with schools and offices beginning to close for the holidays. Also read | Japan hangs 3, defends 'capital punishment', calls it necessary for 'atrocious crimes' It will also be in place on Christmas Day -- commonly celebrated in Japan with a hearty serving of another US fast-food behemoth, Kentucky Fried Chicken, which is heavily marketed around the festive period. Meanwhile, a pandemic-fuelled global microchip shortage continues to plague auto giants including Japan's Toyota, which has announced production cuts due to the crisis and supply chain issues in Southeast Asia.

Now, supply chain disruption hits McDonald's in Japan; French fries take a hit

According to experts, inflation, supply chain crisis, and pandemic will impact the shoppers and retailers during the holiday period in the United States. This special broadcast of WION-VOA tells you about the impact of inflation on American shoppers and businesses.

Experts: Supply chain issues and online sales to impact retail in US