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Hubbell’s China choice ensure goods flow in tight supply chain environment

China 2797 Earnings 607 Industrials - Capital Goods 536 Quote Watch 375 U.S. 4995

Electrical component maker Hubbell Inc reported Q1’21 revenues which dipped 1.1% year over year. The firm’s supply chain activity nonetheless picked up with U.S. seaborne imports linked to Hubbell rising by 38.5% year over year in Q1’21. That came even as the firm faced “a tight supply chain environment” according to CEO Gerben Bakker. It also followed price increases due to “inflationary pressure that have continued to accelerate” throughout Q1’21. The firm’s earlier decision to stick with sourcing from China during the trade war may have helped. Imports from China accounting for 86.9% ...

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