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3M CEO Says Supply-Chain Woes Are Here for ‘Foreseeable Future’

Mike Roman 

Mike Roman 

Photographer: Takaaki Iwabu/Bloomberg

3M Co.’s top executive said Covid-19 lockdowns in China and the war in Ukraine will only add to the supply-chain strains that have beset the manufacturing giant this year.

Supply lines were already struggling to catch up with surging demand and will continue to pose challenges for the “foreseeable future,” Chief Executive Officer Mike Roman said in an interview. Shares of 3M were down 2.5% to $144.85 at 3 p.m. in New York.