Supply-Chain Woes Hitting Apple for Billions
Apple (NASDAQ: AAPL) is one of the largest companies in the world, but that does not preclude it from experiencing supply-chain problems. One of the lingering effects of the coronavirus pandemic is disrupted supply chains. Depending on the region where an infection rate is on the rise, it could cause varying degrees of labor shortages, which then slows economic output, among other negative effects.
On the other side, consumer demand has been resilient despite the global crisis. With customers buying more products and supplies decreasing, businesses like Apple have difficulty fulfilling consumer demand. Indeed, Apple forecasts that it will miss out on around $6 billion in sales in its fiscal third quarter because it will not have the product to meet robust demand.
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Source Fool.com
