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Honeywell CEO says aerospace provide chain stays unstable.

Chatting with Yahoo Finance’s Julie Hyman and Brian Sozzi on the World Financial Discussion board in Davos, Switzerland, Honeywell (HON) CEO Vimal Kapur is eyeing the conglomerate’s “”subsequent chapter”” centered on prioritizing development throughout the corporate in 2024. Central to Honeywell’s development technique, Kapur says there are three macro drivers that “”have a huge effect on all of us in our day by day life””: aviation, automation, and the broader vitality transition.

Whereas focusing on 4-7% annual development, Kapur notes near-term headwinds nonetheless constraining aerospace embrace provide chain disruptions, which are not reflective throughout your complete financial system. Nonetheless, he envisions substantial development long-term from “”electrification”” within the aerospace business.
Kapur cits current strikes, like buying Provider International’s (CARR) securities unit, are instantly constructing on current strengths, producing income and margin upside, calling it “”an extension”” of Honeywell’s present enterprise mannequin.

In closing, Kapur emphasizes Honeywell’s transformation into “”a growth-oriented firm,”” reallocating towards key secular tendencies together with automation and sustainable tech.

It is all a part of Yahoo Finance’s unique protection from the World Financial Discussion board in Davos, Switzerland, the place our crew will communicate to prime decision-makers in addition to preeminent leaders in enterprise, finance, and politics in regards to the world’s most urgent points and priorities for the approaching 12 months.

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