Page 11 - Supply Chain

India, Australia to partner for mineral projects to develop supply chain

Ministers from the two countries have also agreed to deepen cooperation and extend their existing commitments to the India-Australia Critical Minerals Investment Partnership

Microsoft's 3rd layoff round hits employees in supply chain, Cloud, IoT biz

Microsoft has conducted a third round of job cuts that impacted employees in roles related to supply chain, Artificial Intelligence (AI) and Internet of Things (IoT)

When India invests in Aus, it will secure own supply chain: Madeleine King

We want to work with like-minded partners like India, who is a strategic partner through QUAD, says Madeleine King, Minister for Resources and Minister for Northern Australia

India, US ink MoU on semiconductor supply chain, innovation partnership

India and the US on Friday signed a memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership during the Commercial Dialogue 2023 here, the commerce ministry said. On the invitation of Commerce and Industry Minister Piyush Goyal, the US Secretary of Commerce Gina Raimondo visited Delhi between March 7 and 10. During this visit, the India-US Commercial Dialogue was re-launched on March 10 to discuss cooperation for unlocking new trade and investment opportunities between the two countries, it said. "During the Dialogue, a MoU on establishing semiconductor supply chain and innovation partnership under the framework of India-US Commercial Dialogue was signed between India and US," it said. The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US's CHIPS and Science Act and India's Semiconductor Mission. It aims to leverage complementary strengths of

Honda shuts plant in Pak amid crisis, cites supply chain disruptions

Amid the ongoing financial crunch in Pakistan, another car maker company Honda on Wednesday announced to close its plant citing severe disruption in supply chain as major reason, reported Geo News

Supply chain exodus from China to India, Vietnam faster than anticipated

In a recent interview with Bloomberg, Yoshinaga was quoted as saying that Apple suppliers, including Goertek, have been moving manufacturing capacity out of China faster than observers

Volatility in steel prices likely to continue in medium-term: SteelMint

The volatility in steel prices is likely to continue in the medium-term due to the impact of geopolitical situation on supply chain logistics, according to SteelMint. Last week, steel makers increased the prices of hot-rolled coil (HRC) by Rs 1,400 to Rs 60,700 per tonne from Rs 59,300 a tonne on February 22, the research firm said in a report. In the last six months, the steel prices have not been stable. The user industry has been witnessing price revisions on a weekly basis. "The volatility in the prices is likely to continue in the medium-term on account of geo-political situations across the globe impacting the supply chain," SteelMint said. This situation has led to changing supply-demand scenarios impacting prices of raw materials and logistics, it said. Iron ore fines with iron (Fe) content of 62 per cent were moved up to Rs 5,480 tonne in February, from Rs 4,400 tonne in December 2022. Similarly, imported hard-coking coal (HCC) prices increased steeply during this period

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status

It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday

Crisis in multilateralism affecting developing nations most: PM at G20 meet

Modi also pointed out how global supply chains have broken down during times of stress and turmoil

Apple supplier Foxlink unlikely to resume full India ops for 2 mths: Report

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground

India natural partner of US in diversifying supply chains: Congressman Bera

As American companies diversify their supply chains, India becomes a natural partner, an influential US lawmaker has said, asserting that the recent announcement of the Air India-Boeing deal is a demonstration of India modernising its civil aviation sector. On Tuesday, Air India announced its agreement to purchase 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs a total of 220 firm orders valued at a list price of USD34 billion which will support more than one million American jobs across 44 states, many of which will not require a four-year college degree. We've realised through the pandemic; how dependent our supply chains have been on China. And when we are urging American companies to diversify their supply chains, India becomes a natural partner there. They are certainly in the pharmaceutical sector, they have a mature pharmaceutical sector, but also in defense production, other areas of technology, India has a very vibrant tech sector, Indian-American Congressman Ami .

Foxconn secures new manufacturing site in Vietnam after turmoil in China

Apple's biggest supplier Foxconn has secured a new site in Vietnam, as the Taiwanese giant shifts production away from China after facing major supply-chain disruptions

Top headlines: AI seals largest plane deal, MSCI readies verdict on Adani

Business Standard brings you the top headlines at this hour

Supply chains back to pre-Covid levels for consumer durable firms

Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up

Semiconductor chip supply constraints put brakes on auto OEM ramp-up

Firms struggle to increase production as supplies yet to fully normalise

PhysicsWallah to hire 2,500 employees, partner with supply chain firm

Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees

Pratt & Whitney opens India Engineering Center facility in Karnataka

The new IEC facility is co-located with Pratt & Whitney's India Capabilities Centre (ICC), which opened in 2022 to provide integrated global supply chain support.

Ceat is planning to invest in off-highway tyres segment: Anant Goenka

At Ceat we wanted to grow in our international business, and our OEM customers were becoming more and more exacting in their specifications, said Goenka

Recession likely this year; India may benefit from global trends: WEF

A third of respondents consider a global recession to be unlikely this year

Supply chain disruptions likely despite falling trade

After two years of revenue and profit growth, the shipping lines are facing losses on most sailings due to falling freight rates