Auto, manufacturing could be next in line for layoffs, IMA CFO says
CFO Dive
NOVEMBER 28, 2022
Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.
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CFO Dive
NOVEMBER 28, 2022
Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.
CFO Dive
FEBRUARY 3, 2025
Confidence among manufacturers last month rose to the highest level in nearly three years.
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APRIL 19, 2024
The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
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AUGUST 17, 2023
Auto manufacturers are key customers for freight rail operator CSX, but CFO Sean Pelkey is betting that any strike would be “short lived.”
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The ammunition manufacturer has placed two executives, including the CFO of subsidiary GunBroker.com, on administrative leave following allegations of data and digital asset misappropriation.
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The SEC is seeking civil penalties against the smart window manufacturer’s former CFO, alleging he violated federal securities law.
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Inflation in both goods and services prices accelerated in March to the fastest pace in 23 months, hitting a 31-month high in manufacturing, S&P Global said.
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SEPTEMBER 20, 2024
The looming presidential election is still sparking uncertainty in the industry, pushing manufacturers to spend with caution.
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APRIL 4, 2023
Turmoil in the banking system may lead to a tightening in credit, weaker manufacturing and reduced hiring.
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JANUARY 24, 2024
View’s finance chief is departing as the company scrambles to accrue enough capital to continue operating through 2024.
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The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.
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The ammunition manufacturer will increase the size of its board and end its investigation into the previously suspended executives under the terms of a settlement.
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SEPTEMBER 3, 2024
Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.
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APRIL 1, 2025
“Newly implemented tariffs are significantly impacting gross profits,” the Institute for Supply Management quoted an unidentified survey panelist as saying.
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DECEMBER 2, 2024
Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.
CFO Dive
DECEMBER 19, 2023
Snarled supply chains led many companies to shift production closer to consumers. Such strategies can have unintended consequences.
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OCTOBER 21, 2024
Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.
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JANUARY 18, 2023
The Fed’s fight against inflation, while showing some recent signs of success, may dim prospects for economic growth.
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SEPTEMBER 14, 2022
Deepak Ahuja, a CFO whose resume includes Verily Life Sciences and Tesla, will become the first chief business and financial officer for the drone delivery manufacturer as it consolidates plans to globally scale.
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NOVEMBER 27, 2023
Quess Corp anticipates sustained growth, with a focus on hiring in BFSI and manufacturing, despite a decline in conventional IT services, as stated by Group CFO Kamal Pal Hoda. He also highlights robust financial performance in Q2FY24 and shares the growth and financial targets of the company for the upcoming quarters.
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Yelp’s James Miln is joining the manufacturing marketplace provider as a spotlight continues to shine on AI-powered services and offerings.
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Almuth Steinkhler has been CFO of SCHOTT Pharma, which designs drug containment products and drug delivery systems for pharmaceutical and biotech companies, since August 2022. Originally a division of glass manufacturer Schott AG, the company went public on the Frankfurt Stock Exchange in 2023.
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CFO News Room
JANUARY 4, 2023
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 48.4 The survey suggests the manufacturing sector contracted in December (see the first chart). manufacturing sector again contracted, with the Manufacturing PMI at its lowest level since the coronavirus pandemic recovery began.
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OCTOBER 9, 2023
Since reshoring is the “new normal,” mastering the Three A’s is essential.
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FEBRUARY 20, 2025
The toy company is looking to “diversify our manufacturing footprint to create optionality as we navigate the trade environment,” CFO Gina Goetter said.
CFO News Room
DECEMBER 15, 2022
Manufacturing output – about 74 percent of total output – posted a 0.6 From a year ago, manufacturing output is up 1.4 Manufacturing utilization fell to 78.9 Utilization may be plateauing near the long-term (1972 through 2021) average of 79.6 percent but remains well below the highs of the 1970s when it was above 88 percent.
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OCTOBER 17, 2024
Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.
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NOVEMBER 1, 2022
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 50.2 Still, the level is down sharply from the March 2021 peak, suggesting the manufacturing sector was essentially unchanged for the month (see the first chart). percent in October, slightly above the neutral 50 level.
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” — Moran Shemesh, CFO, Mobileye Question: Tell us about Mobileye, what does this company do, and what are its offerings today? Today, we hold over 80% of the market share in advanced driving systems with many global OEMs (original equipment manufacturers).
CFO News Room
NOVEMBER 16, 2022
Manufacturing output – about 74 percent of total output – posted a 0.1 From a year ago, manufacturing output is up 2.4 Manufacturing utilization was unchanged at 79.5 Overall, industrial output fell in October while manufacturing output rose on a gain in motor vehicle production; many other areas were weak.
CFO Dive
OCTOBER 4, 2024
The services, manufacturing, finance and real estate sectors are among the industries experiencing higher levels of financial distress, according to Cornerstone.
CFO News Room
FEBRUARY 6, 2022
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For Cyrus Lam, the aspect of the CFO role that sets it apart from all others is the weight of non-negotiable priorities. Despite years spent closely collaborating with CFOs as an investment banker, Lam tell us he quickly discovered a new level of accountability in the role. What does the company do, and what are its offerings today?
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CFO News
MARCH 2, 2025
Indias manufacturing sector slowed down to a 14 month low of 56.3 in February, a steady decline from Januarys 57.7. Despite its slowdown, rates of expansion in output and sales remained elevated overall. Favourable domestic and international demand prompted firms to increase purchasing activity and hire extra workers at above-trend rates.
CFO News
JANUARY 2, 2024
India's manufacturing sector sustained growth at 54.9 in December, an 18-month low. Despite this dip, softer increases in orders, controlled inflation and stable employment showcase resilience. Optimistic outlook prevails for the future.
CFO Dive
APRIL 12, 2024
Small businesses in professional services are more concerned about cyber risk than those in manufacturing or other services, the U.S. Chamber of Commerce said.
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