Biden's vaccine mandate will further disrupt supply chains, Raytheon CEO says

[Yo_Mama_Been_Loggin]

Source: CNN

The Biden administration's Covid-19 vaccine mandate for federal contractors will further disrupt already stressed-out supply chains, Raytheon Technologies warned Tuesday.

Raytheon, a conglomerate that makes jet engines, missiles and drones, joins a growing list of business groups expressing concern about the December 8 deadline for employees of federal contractors to get vaccinated.

"We certainly expect that there will be some disruption in both the supply chain and with our customers as a result of this," Raytheon CEO Gregory Hayes warned during a conference call with analysts Tuesday. "But we're going to work our way through it."

Hayes pointed to a range of problems that are scrambling supply chains right now, including shortages of components and materials as well as rising prices for aluminum and steel.

Read more: https://www.msn.com/en-us/news/us/bidens-vaccine-mandate-will-further-disrupt-supply-chains-raytheon-ceo-says/ar-AAPYrxW?li=BBnb7Kz

---

Translated, "I'm worried as fuck that my company won't get as many lucrative government contracts if my employees don't want to get vaccinated."

[Walleye]

1. Just tell your people to get the shot, it's not that hard

Don’t leave them any wiggle room, get the shot or get the fuck out

[GregariousGroundhog]

5. My interpretation is that he was more worried about the companies Raytheon purchases parts from

From the article:

"It's just harder to get material in the door on time. We're also seeing, of course, labor shortages in our supply chain, which is also slowing down input," Hayes said. "I think that's going to be a continuing problem into next year. And the vaccine mandate is probably not going to help that."

However, Raytheon sees that its business can benefit from from the vaccine mandate.

"Higher vaccination rates will continue to build confidence in the safety of air travel going forward," Neil Mitchell, Raytheon's chief financial officer, said during the call.

It sounds like Raytheon thinks the mandate is good for its business but is worried about employees separating from its parts suppliers (whether that be voluntarily or involuntarily) due to the mandate.

[Blues Heron]

2. God forbid there's a drone or missile shortage

[vanlassie]

4. Exactly. What planet is this guy from?

[Mysterian]

3. War profiteering traitor says what?

Go to hell, Mr. CEO.

[2naSalit]

17. +1

[Bleacher Creature]

6. So will more COVID outbreaks. nt

[DBoon]

7. How many sick or dead employees will it take to "disrupt supply chains"?

[PortTack]

8. That's total BS!

[totodeinhere]

9. Human life is more important than any supply chain.

President Biden is working on the temporary supply chain issues that we are facing. And it's a global problem being faced by most industrialized countries. But we should not let supply chain issues interfere with our life saving quest to get e everybody vaccinated.

[Magoo48]

10. Nationalize Raytheon and build only drones which work in the service of our environment.

Retool and refit all bomber drones and their makers.

These drones are built with your taxes. They should serve our home not shame it.

Bit of a tangent,

[ShazamIam]

11. The entire supply chain from resource recovery to retail is controlled by the for profit

corporations, including shipping containers, the ships, the trucks and drivers, the warehouses and it is they who are manipulating the supply and all are engaged in price gouging and blaming the government and the media is not only going along with it but promoting it as a government problem.

[OhZone]

12. If they are as "short" on drones as my supermarket is short on TP then they must be wallowing in a -

mountain of drones.

[NQAS]

13. You're a fucking multi-billion dollar multi-national.

Just get it done and stop bitching about it.

Do you whine to your shareholders about not meeting projections?

Do you whine to your board when production demands are not met?

Fuck you and your supply chain threats. Just do it.

[Gaugamela]

14. It will help to disrupt the COVID virus supply chain, I'll grant him that. Nt.

[IronLionZion]

15. Then we have to hold off on starting any more wars for a bit

since they have to wait for components and materials to build more drones and missiles. Not a bad thing.

[halfulglas]

16. CEO worrying about his bonus millions deflecting blame for any problems.

Every time these supply chain problems/blame come up, the articles should also mention the real reason for this whole supply chain problem crap. BIG BUSINESS in the in the last at least quarter century has emphasized "Just in time" supply. Don't order items/components, whatever until just before you need them. Why pay for something before it's needed on the assembly line/store, etc? Why have a warehouse for inventory you don't need yet? Heaven forbid you should have anything on hand until you're ready to use it. This is what business schools have gradually all been teaching in the last half century. The world is one big market and it's usually stable.

Why even have factories in the US? Get everything made overseas at the cheapest place. We can always get it in time for when it's needed on site. Close down most of the factories and ship them to China, or wherever. The oil price disruption after hurricanes and other disasters hasn't taught other businesses any problems because they thought that's just oil.

Come a worldwide disaster like a pandemic and you don't need the same things, or you need more of one thing and way less of another until you will need them. But even when you want them, they're stuck somewhere else mixed in with things that aren't needed (at least by you), but somebody ordered them but there are no trucks to transport them because no drivers who want to paid better and on and on.

So you're a CEO and you have to blame somebody, not you. So Joe Biden's vaccine mandate is maybe to blame, but you acknowledge the mandate is also a good thing. So don't blame me. I'm just doing the predatory things I was taught in business school, especially looking out for myself.

[nitpicker]

25. Once upon a time, I was taught EOQ

Economic Order Quantity.

From what I can find, the US really started adoption of JIT in the 90's.

[2naSalit]

18. War profiteer is whining because...

Not only did Biden kill the cash cow war machine, he's mandating public safety, how dare he?

[LW1977]

19. To quote George Harrison..

Isn’t it a pity?

[MineralMan]

20. Suck it up, Mr. Hayes!

Get your workers vaccinated and get on with business, for pity's sake!

[dobleremolque]

21. Boycott Raytheon! For sure I won't...

buy MY next guided missile from them!

[bluecollar2]

22. If you're a fucking defense contractor

Why the fuck didn't you have a plan to address a supply chain shortage?

We need to win this midterm election by a substantial margin and then appoint an independent commission to investigate the hell out of the military industrial cabal and the enablers.

[nitpicker]

23. Raytheon was saying much the same to Bloomberg

Last edited Tue Oct 26, 2021, 05:37 PM - Edit history (2)

"We’re also seeing, of course, labor shortages in our supply chain, which is also slowing down input. And I think that’s going to be a continuing problem into next year. And the vaccine mandate is probably not going to help that — although the vaccine mandate probably will help us on the commercial aerospace side if everybody gets vaccinated, so we’re all for that.” — CEO Greg Hayes

[Gore1FL]

24. It sounds like we need containter chassis and real-estate to store empty containers

I am not sure how demanding people get shots is going to hamper the efforts to achieve those things.

[ProfessorGAC]

26. So Did People Dying By The Hundreds Of Thousands

Why does this idiot think his stock went from $99 to $50 18 months ago? And it's still only recovered81% of that lost value!
Vax mandates had nothing (!) to do with that. But, COVID did!
The Peter Principle is fully manifest in this moron.

[lapfog_1]

27. but your employees getting sick and making everyone sick

that won't have any impact on your business???

[pfitz59]

28. What's the urgency, you greedy turd?

The US is not at war....