US industrial conglomerate 3M on Wednesday warned of “a slow growth environment” next year and highlighted weakness in its electronics and consumer segments in the current and next quarters. The warning by the conglomerate comes months after it elevated its annual profit forecast in July. 3M, which manufactures electronic displays for smartphones and tablets, has been registering a considerable decline in US retailers’ inventories
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US industrial conglomerate 3M warns of ‘slow growth environment’ in 2024
US industrial conglomerate 3M on Wednesday warned of “a slow growth environment” next year and highlighted weakness in its electronics and consumer segments in the current and next quarters. The warning by the conglomerate comes months after it elevated its annual profit forecast in July. 3M, which manufactures electronic displays for smartphones and tablets, has been registering a considerable decline in US retailers’ inventories
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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