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Bloomberg: Caterpillar CEO Warns of Headwinds that Won’t Soon Disappear

August 04, 2022, 07:25 AM
Filed Under: Industry News

Caterpillar Inc.’s CEO Jim Umpleby was among the company executives painting a troublesome picture of ongoing challenges in comments on the company’s second-quarter earnings call. The execs said they see no improvements in supply-chain woes, uncertainty around a weaker China market and no moderation in cost pressures, Bloomberg reported.

“We’re still dealing with an inflationary environment and we have not seen a decrease from our suppliers as a result of commodities price reductions,” Umpleby said on the call.

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