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ODP Corp. juggles supply chain disruptions, slower-than-expected return to office

·2 min read
ODP Corp. juggles supply chain disruptions, slower-than-expected return to office
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  • ODP

Store closures, supply chain disruptions and a tepid return to the office amid the rise of the delta variant of Covid-19 hindered ODP Corp.'s sales. The silver lining, however, came as students and teachers returned to school across the country, according to the Boca Raton company's (Nasdaq: ODP) third quarter earnings report released Wednesday. "I’m proud of our team for delivering solid operating results against a more demanding industry backdrop due to supply chain challenges and a slower pace of back-to-office trends in the quarter," said ODP CEO Gerry Smith.