Page 5 - Supply Chain

Bureaucratic interventions in the form of QCOs hurt Indian manufacturing

Steel is a case in point. The industry is naturally concerned about the impact of overcapacity in China, which might render Indian-made steel uncompetitive

Demand-supply mismatch: Affordable housing shortage must be addressed

A Knight Frank study shows that India will face an affordable housing shortage of 31.2 million units by 2030. There is already an existing shortage of 10.1 million units

Indian biz should take balanced approach in dealing with China: Jaishankar

Indian businesses should take a "balanced" approach in dealing with China as excessive dependence on its supply chain could be detrimental to India's national interest, External Affairs Minister S Jaishankar said on Thursday. In an interactive session at industry chamber Assocham, he said the recent resolution of the issues in the remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh has resulted in "some progress" but there is a need for further discussions. To a question on evolving relations with China, he said with that country accounting for 32-33 per cent of global manufacturing, it is logical that several supply chains will have to go through China. "It is a reality which we will have to factor (that) into our calculations." "But it is also a fact that if you become excessively dependent on a single supply chain or in the name of supply chain, you open up your market that it is no longer a supply chain, but your sectors are getting hollowed out.

Supply disruptions to hit production and deliveries in 2024: Audi India

German automaker struggles to meet customer expectations despite strong demand

Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years

With a daily capacity of over 6 mn shipments, Ekart's last-mile network now spans 98 per cent of Indian postal codes, backed by over 50 million cubic feet of warehousing and a fleet of 7,000 trucks

Supply chain fintech VoloFin secures $50 mn in funding from major US bank

The Singapore-based fintech firm aims to increase this funding limit to $150 million over the next two to three years

Kerala to host Vizhinjam Conclave 2024, aims to boost global supply chain

The conclave, the first of its kind in the state, promises to redefine the scope of industrial and economic development by leveraging the untapped potential of the Vizhinjam International Seaport

Govt imposes fine on US firm over delays in delivery of Tejas Mk1 engines

Initially, GE Aerospace was expected to begin engine deliveries in March 2023 to support HAL's production of Tejas Mk1. However, the first batch of engines is now anticipated to arrive by April 2025

How India is pursuing self-sufficiency in the semicon chip value chain

Many countries are vying to build resilient semiconductor supply chains amid rising chip import prices

We want to be a top 25 company globally: TVS Supply Chain Solutions MD

'We are not getting even a dollar from the price increase due to Red Sea crisis'

Buyers hope no disruption in Canadian lentil, potash supplies, say experts

Ties between India & Canada deteriorated sharply after New Delhi and Ottawa ordered 6 diplomats to leave in tit-for-tat moves over Ottawa's allegations that New Delhi was targeting Indian dissidents

There is real rise of India's ability to serve the world in goods: BCG

BCG discusses decarbonisation, impact from West Asia tensions and the geo-political concerns and preparedness of Indian and global corporates

Demand-supply mismatch a sign of imbalance: Sebi WTM Ananth Narayan

Low risk, high returns can create complacency; market not a one-way street, warns Ananth Narayan

Ex-Amazon executive's startup Auger raises $100 mn for supply chain

Auger will provide a software-as-a-service platform which uses an artificial intelligence operating system along with automation to provide real-time data

India emerging as destination for most evolved supply chain: P&G India CEO

India is emerging as a destination for the "most evolved supply chain capabilities" which not only enables product availability but also caters to evolving shopper needs, Procter & Gamble India CEO Kumar Venkatasubramanian said on Monday. Digital advancements are catalysts in shaping this supply chain of the future, by not only optimising costs but also ensuring seamless data flows, predictability, reduced carbon footprint, and best service. With digital transformation, e-commerce and quick commerce, markets have grown and companies such as P&G are investing in developing a deep understanding of the unique consumer behaviour, Venkatasubramanian added. "By learning and understanding our consumers, enabled by the power of digital transformation, we will be able to stimulate performance and unleash results. I think the opportunity has never been greater than this. The playing field has never been greener than this," he said. In his keynote address at an event organised by ...

Lebanon's exploding pagers expose unseen flaws in global supply chains

According to reports, Hezbollah had started to use pagers and walkie-talkies around February 2024, suspecting that Israeli security agencies were monitoring cell phone networks

Goyal delivers keynote on 'India's Evolving Manufacturing Landscape' in US

Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse

India, US may sign pact on critical minerals to bolster trade ties

The initial pact on critical minerals would help build supply chains, exchange technical know-how, and promote collaboration between Indian and American businesses in the sector

Tamil Nadu's auto manufacturing sector faces severe climate risks: CII

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

Next meeting of IPEF's Supply Chain Council in Dec: Commerce ministry

The next meeting of the Supply Chain Council, set up under an agreement of the 14-member IPEF, will be held in December, the commerce ministry said on Monday. The IPEF (Indo-Pacific Economic Framework for Prosperity) bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc. The Supply Chain Resilience Agreement came into effect on February 24. It seeks to strengthen supply chains through engagement among the partner countries. Under this agreement, three institutional bodies have be