![]() Jay Timmons, chief executive of the National Association of Manufacturing, told CNBC later in the day that his organization is focusing on bolstering American supply chains. Pinchuk said, "If you want to bring manufacturing onshore, immunize us against this supply chain and make it easier, that is easier said than done." The reason, he added, there are current manufacturing jobs here in the U.S. Pinchuk advocated for stronger domestic supply chains, echoing President Joe Biden's call during his State of the Union Address earlier this month to "make it in America." Biden's statement was met with rousing chants of U-S-A. The tools and equipment manufacturer's stock was up around 2% on Tuesday in a largely lower broader market. Sales in the fourth quarter of 2021 were up 16% from pre-Covid pandemic levels in 2019, while operating margins increased across three out of four segments. Having a short supply chain helped Snap-On's fourth quarter earnings, Pinchuk said, pointing to the company's sales and margins. "So while we're challenged, and we're on our game … we haven't been impacted as others," he added, referring to supply chain and inflation woes currently hindering corporations globally. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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