Page 15 - Supply Chain

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

Apple's tech supply chain shows difficulties in cutting dependence on China

Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made

China will feel increasingly isolated as supply chains shift: Gautam Adani

China's Belt and Road initiative has run into resistance in many countries, the founder and chairman of Adani Group said at a conference in Singapore

ONDC and UPI together will reorder India's supply chain: Nandan Nilekani

Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

After Amazon, Apollo Global wades into India's corporate governance jungle

After Amazon.com Inc., it's the turn of Apollo Global Management Inc. to wade into the jungle that's corporate governance in India

India-France-Australia trilateral to focus on securing supply chains

The Ministerial level meet will also focus on stronger ties with the ASEAN bloc to counter Chinese influence, officials said

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

Supply chains aren't broken, have evolved for the better in some places

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan

Need to build resilient supply chains, boost connectivity: PM Modi at SCO

India assumes rotational annual presidency of SCO summit nations; China, Russia and other countries offer support for summit next year in India

Boeing deliveries rose in August as it resumed 787 Dreamliner handovers

Boeing deliveries in July had fallen to a five-month low of 26 airplanes, highlighting pressure on global supply chains

India opts out of joining IPEF trade pillar, to wait for final contours

India to wait for final contours before formally associating with IPEF trade pillar, says Goyal

India opts out of trade talks with a US-led group of Asian nations

Known as IPEF, the initiative is an effort by President Joe Biden's administration to deepen ties with Asian nations through a range of issues including trade, climate change, supply chains and tax

MG Motor India sales drop by 11.4% in Aug, blames supply chain volatility

MG Motor India on Thursday reported an 11 per cent decline in retail sales in August, hit by supply chain constraints. The company retailed 3,823 units last month as compared to 4,315 units in August 2021. "The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards," the automaker said in a statement. In order to meet growing customer demand, the company has proactively undertaken multiple initiatives, including localisation and the introduction of executive vehicle variants in its product mix, it added. The company, a wholly-owned arm of China's SAIC Motor Corp, said it continues to have a strong order book with a positive outlook for the upcoming launches. The launch of the new version of Gloster, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up, it added. The next-gen Hector, slated for a year-end launch, is expected to add to the gr

Maruti Suzuki open to partnerships to secure future supply chain: Chairman

"If required somewhere, we will get into a joint venture," said Bhargava, when asked what role Maruti would play in setting up and securing its future supply chain.