© Reuters. FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo

(Reuters) – General Electric (NYSE:GE) Co cut its full-year free cash flow forecast on Tuesday, as the U.S. industrial conglomerate expects little relief from the global supply-chain disruptions and inflationary pressures that hit its first-half results.

“Working capital will be pressured as GE protects customers from the impact of supply chain challenges, as well as Renewable Energy-related orders,” the company said.

The pressure will see about $1 billion of free cash flow pushed “into the future”, GE added.

The Boston-based company had said earlier this year it expects 2022 free cash flow of $5.5 billion to $6.5 billion.