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3 Stocks to Avoid Due to Supply Chain Issues By StockNews

by Mike Robinson

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© Reuters. The Supply Chain Issues: 3 Stocks To Avoid

Many companies are experiencing severe distress from recent disruptions to their supply chains. Companies such as Nike Inc. (NYSE), Peloton Interactive (NASDAQ:), and Bed Bath and Beyond are all best avoided. As the pandemic-induced constraints have eased, there has been a surge in energy, labour, and transport demand. This rapid increase in demand has put a strain on supply chains, and is impacting many businesses.

Trump’s tariffs of about $350 Billion on Chinese-made goods, even after the administration changed, remain in effect. This has resulted in high importer costs. The Biden administration has completed an exhaustive evaluation of US-China trade policies, but the pressure is growing to fix the issue as global supply chains problems worsen.

Nike Inc. Shares (NKE) Peloton Interactive Inc . Investors expected that their finances would be affected in the short term, and so have Bed Bath and Beyond (BBBY), and Peton (PTON). It might be wise not to invest in these stocks.

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