Page 13 - Supply Chain

TVS SCS extends contract with Dennis Eagle for UK aftermarket services

UK-based refuse truck manufacturer needed services for supplier management, stocking and sourcing

Sanjeev Gupta's Liberty Steel nears deal with Credit Suisse, Greensill

Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021

India to produce 50% energy from renewables by 2030: Modi at G20 meet

Prime Minister says there should be no restrictions on energy supply, seeks 'return to the path of ceasefire and diplomacy in Ukraine'

Akasa Air to fly with 15 fewer seats due to supply chain woes

The airline expects the issue to be resolved in 6-9 months

Elon Musk's Tesla loses 2 years of gains amid Twitter saga, demand fears

The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020

Global supply chains gear up for overhaul next year, survey shows

The survey also showed concerns were broader than supply chains, with 51% of respondents saying their expect the environment for international trade to be harder next year

Covid lockdowns hit China manufacturing hub, disrupt global supply chains

A surge in COVID-19 cases has spurred lockdowns in the southern Chinese manufacturing hub of Guangzhou, adding to financial pressure that has disrupted global supply chains and sharply slowed growth in the world's second-largest economy. Residents in districts encompassing almost 5 million people have been ordered to stay home at least through Sunday, with one member of each family allowed out once per day to purchase necessities, local authorities said Wednesday. The order came after the densely populated city of 13 million reported more than 2,500 new cases over the previous 24 hours. Public transport has been suspended and classes halted across much of Guangzhou, while flights to Beijing and other major cities have been cancelled, according to state media. China has retained its strict zero-COVID policy despite relatively low case numbers and no new deaths. The country's borders remain largely closed and internal travel and trade is fraught with ever-changing quarantine ...

Iphone supply chain hit by Xi Jinping's stringent Coronavirus curbs

The abrupt move is expected to disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine

P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

Toyota profit to rise but eyes will be on its supply chain, EV strategy

The world's biggest automaker by sales said last week its global production rebounded by 30% in the quarter that ended in September

Shiprocket enables 1st inter-city logistics for small merchants on ONDC

Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network.

Tech giant Apple urges global supply chain to decarbonise by 2030

Apple on Tuesday exhorted its global supply chain to decarbonise by 2030, as the tech giant said it will evaluate the work of its major manufacturing partners to decarbonise their Apple-related operations, and track annual progress. Cupertino, California-headquartered Apple has been carbon neutral for its global corporate operations since 2020, and is focused on the goal to become carbon neutral across its entire global supply chain and the life cycle of every product, the company said in a newsroom post. "Apple calls on global supply chain to decarbonise by 2030," the post said. The company is accelerating work with suppliers to decarbonise Apple-related production and expanding investments in clean energy and climate solutions. Apple "will evaluate the work of its major manufacturing partners to decarbonise their Apple-related operations including running on 100 per cent renewable electricity and will track yearly progress". As the impacts of climate change are increasingly fe

Oil prices start session mixed on uncertain demand, supply concerns

Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections

China's zero covid strategy could impact India's consumer durable industry

White goods have 25-75 per cent of their components coming from China, with air-conditioners being the most dependent on them with 75 per cent.

FY23 will likely be double digit on revenue...and profitable: Mindtree MD

In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting

India's inflation at 7.4%; What are inflation numbers in other countries?

Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints

IMF says China important player; cautions against moving out manufacturing

Observing that China has been a very important player in global supply chains, a top International Monetary Fund (IMF) official on Tuesday said that anything which undermines this process of efficiency and productivity will have its costs. At the end of the day, we have to think in terms of efficiency, gain and losses. China has been a very important player in global supply chains, and for good reasons, Krishna Srinivasan, IMF Director of the Asia and Pacific Department, told PTI in an interview. Srinivasan was responding to a question on the move by companies in the US and Europe to shift their manufacturing base to other countries of the world. Anytime you go for something driven by non-economic considerations, say sourcing goods from a friend-country (friend-shoring) you risk undermining efficiency. So, one has to think of this in a very objective way, Srinivasan said. At the end of the day, what do you want from this? he said. We have seen trade being an engine of growth not j

Kerala's agriculture startup launches end-to-end supply chain for bananas

A Kerala-based agribusiness startup has launched an end-to-end supply chain connecting banana cultivators, traders and exporters on a single platform. The start-up, Greenikk, has built enablement centres (EC) in the major banana producing agricultural-belts in Kerala, Tamil Nadu and Karnataka to provide farmers with production and marketing-related support, a release issued by it on Thursday said. "These ECs will provide the farmers with required supports such as finance, seeds, crop advisory, insurance coverage, agri inputs, including weather tips, and market connect, covering the entire gamut of production and marketing both inside the country and outside," it said. "Similar ECs are planned in other south Indian states of Andhra Pradesh and Telangana and further scaling across the whole of India," the start-up said. The platform would also help farmers to better utilise the organic waste that is left behind after the harvest, as manure and poultry feed, the release said. Such ..

India will give 5G the scale, says Qualcomm CEO Cristiano R Amon

Open to sourcing chips from India if suppliers are ready

China's economy continues to struggle on Covid curbs, property woes

China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain