HPE: Supply chain issues have been worsening
As HPE closes out the 2021 fiscal year, it expects supply chain challenges to remain an issue for at least another six months, the company said Thursday. “We continue to navigate the industry-wide supply chain challenges that have been worsening lately,” CFO Tarek Robbiati said during the company’s Securities Analyst Meeting. “With materials in short supply and logistic costs rising, we expect the supply chain issues will likely take well into the second half of the next calendar year to begin abating.” At the same time, the company expects to end the fiscal year with even higher backlogs than it did at the beginning of Q4.