Bloomberg Technology

Levi’s CFO: Technology Can Ease Supply Chain Pain

Levi Strauss & Co. Chief Financial Officer Harmit Singh explains how the company has dealt with supply chain issues and a surge in cotton prices during the Covid pandemic, and says he expects technology to play a key role in future supply chain strategies. He speaks with Emily Chang on Bloomberg’s “Chief Future Officer.” ——–…

Published

5 years ago

November 4, 2021

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So supply chain disruption commodity costs. This is all putting
pressure on the process of bringing anything to market. What is

the new normal going to be there when it comes to supply chain
disruption pricing issues et cetera. If you think of supply

chain think of two broad buckets. One is sourcing and second as
is commodity and costing on the sourcing side. Very early on we

said we won’t put all our eggs in one basket. And so we source
across 24 countries and not from any single country to resource

more than 20 percent. You talked about costs you know given our
global buying power. We already negotiated the first half of the

year a very low single digit inflation relative to last year.
The one thing the good the brands so hard has been really

resonating. The consumers we’ve got to take pricing even during
the pandemic. The brand today has pricing for Levi’s 20 21 full

year revenues are on track to match 2019. Fulfilling the
company’s pledge to emerge stronger from the Covid crisis we

committed in the middle of the pandemic. But when our revenues
got back to pre pandemic levels our margins would be up more

than two points and we’ve now delivered on that. But with the
virus still weighing on consumer confidence and supply chains

and inflation surging around the globe this is no time for any
retailer to relax. As you look forward over here I think the

biggest question. This was going to take the learnings from the
pandemic versus who was just going to stay back to what they did

in the past.
I think over time you know because of the loans people have had

during the pandemic there is going to be thinking about how to
globalize your supply chain. Do you concentrate in a few

countries. Do you diversify. Do you bring some production home.
One of the programs we started a couple of years ago was ISE

Flex program is using lasers to finish your denim product. It
used to be done by hand. It should be done overseas. But now we

bring in the blanks and we finish it closer to markets. And so
we are in the process of expanding that program around the

world. So I think people need to think about different ways of
doing it. And I believe technology will play a key role.

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4 Comments

Julian Melo

November 4, 2021 at 2:16 am

Is his underwear jeans too?

Reply
WE WILL PREVAIL

November 4, 2021 at 4:27 am

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Reply
Freight Right Global Logistics

November 4, 2021 at 6:53 pm

Good to hear. Diversification is a key strategy for maximizing efficiency.

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Bloomberg Technology

Microsoft Makes Some Progress on Outlook Outage

Microsoft Corp. is struggling to restore access to its flagship software and end an outage that has paralyzed government offices, traders and businesses globally. Users in more than 70 countries were affected. The company says its making progress toward recovering service. Matt Day reports. ——– Like this video? Subscribe to Bloomberg Tech on YouTube: …

Published

2 days ago

November 13, 2026

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Microsoft Corp. is struggling to restore access to its flagship software and end an outage that has paralyzed government offices, traders and businesses globally. Users in more than 70 countries were affected. The company says its making progress toward recovering service. Matt Day reports.
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Bloomberg Technology

Nvidia Fallout, Microsoft Outage and Anthropic’s IPO Push

Bloomberg’s Ed Ludlow breaks down the fallout from Jensen Huang’s resignation from Nvidia as more details are revealed. Plus, Microsoft races to restore services after a global outage impacted government offices, traders and businesses worldwide; and Anthropic takes its IPO pitch to Wall Street as CEO Dario Amodei sits down with JPMorgan’s Jamie Dimon. 00:00:00…

Published

2 days ago

November 13, 2026

CYBER TECH TV

00:00:00 – Bloomberg Tech Begins
00:01:29 – Ian King on Nvidia sinks again
00:05:19 – Paisley Nardini, Tema ETFs on Nvidia Earnings in Focus
00:12:12 – Matt Day on Microsoft Outage
00:14:43 – Ryan Gould on SpaceX & Tesla Merger
00:19:19 – Nina Trentman on Nvidia’s Kress goes from behind the scenes to top
00:23:53 – Ryan Vlastelica on Nvidia analysts see uncertainty ahead
00:27:20 – Michael Shepard on Lutnick under fire
00:31:26 – Andrew Feldman, Cerebras CEO on 4Q core revenue forecast beats estimates
00:38:40 – Kunjan Sobhani on Huang departure could impact Nvidia deal pace
00:41:01 – Isabelle Lee on Anthropic IPO Pitch
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

From CFO to Interim CEO: Kress Takes Charge at Nvidia

Published

2 days ago

November 13, 2026

CYBER TECH TV

Longtime Nvidia CFO Colette Kress is stepping into the spotlight as interim CEO, taking the helm after Jensen Huang’s resignation and one of the biggest leadership crises in the company’s history. Bloomberg’s Nina Trentmann looks at Kress’s 13-year tenure at Nvidia, how her role evolved alongside the company’s transformation into an AI powerhouse, and the new challenge of managing operations, investors and Washington as she takes on a far more public-facing role. She joins Ed Ludlow on “Bloomberg Tech.”
——–
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