The Wall Street Journal has pulled together a compendium of recent comments by C-level executives, made in a variety of forums, as they addressed current business conditions and prospects for the immediate future.
• “There’s specific things that I think we all see in the supply chain where we’re waiting for products. But as far as Amazon is concerned, we did a lot to combat the supply-chain issues we saw in Q4 or anticipated in Q4. We bought a lot of product ahead. We worked with vendors to secure inventory early, in some cases paid earlier, which had a working capital impact.” - Brian Olsavsky, CFO, Amazon
• “Supply chain-driven inflationary costs were unexpectedly amplified by Omicron and rapidly accelerated in December. For the balance of the year, we expect these costs to increase versus our previous estimate. Like most economists, we anticipate supply-chain disruptions will continue for the foreseeable future. We have already taken pricing actions this fiscal year…and we have additional pricing actions planned through the balance of this year.” - Kevin Johnson, CEO, Starbucks
You can read the entire piece here.