General Electric's business continues to be affected by supply chain problems

General Electric Co. chief financial officer Caroline Dybeck Happe said Thursday that the company continues to struggle with supply chain imperfections. These vulnerabilities are causing delays in delivery to customers.

All of the Boston-based industrial conglomerate's facilities are facing problems in meeting demand. Organizations have experienced shortages of raw materials, labor and parts.

General Electric Co.'s revenue fell 5 percent in the second quarter due to supply chain problems and macroeconomic factors.

Dybeck Happe told the Morgan Stanley conference that because of these problems, they are facing difficulties in releasing jet engines and health care products. Supply chain difficulties continue to prevent them from delivering goods to customers on time.  

As a result, the company's cash flow will be under pressure, according to General Electric Co.'s chief financial officer. The company expresses hope that the organization's free cash flow in the quarter through September will be either the same or slightly better than in the June quarter.

To be sure, most manufacturers are struggling to meet demand and replenish inventories devastated during the COVID-19 pandemic, when international supply chains were disrupted. In the aerospace industry, however, the pain is felt more acutely.

Raytheon Technologies warned Wednesday that delivery of some major Pratt & Whitney commercial engines could be delayed until the first quarter of 2023.

GE expects mid-single-digit revenue growth in the third quarter, according to its chief financial officer.