Supply Chain ‘Tightening’ to Persist Near Term: HPE

Hewlett Packard Enterprise is navigating the “industry-wide tightening and cost inflationary trends” as best it can by taking “proactive inventory buffering measures to position us well for the second half,” said CEO Antonio Neri on a call Tuesday for fiscal Q2 ended April 30. “We will continue to take additional inventory actions as appropriate in alignment to the market demand” by leveraging “long-term agreements with our suppliers,” he said. HPE sees “further industry-wide tightening and inflation persisting in the near term,” said Chief Financial Officer Tarek Robbiati.