Supply Chain

Walmart bets on supply-chain automation, dangles profit potential

Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income

Amazon removes 6 mn counterfeit items globally from supply chains

E-commerce major Amazon removed six million counterfeit items globally from the supply chain in 2022, the company said in a report on Tuesday. The e-commerce firm said that it stopped over 800,000 attempts to create new selling accounts in 2022, preventing bad actors from publishing a single product for sale. The figure has come down from 2.5 million attempts in 2021, and six million attempts in 2020. "The strategic combination of industry-leading technology and experts are successfully stopping bad actors and making an impact beyond Amazon's marketplaces and stores identifying, seizing, and appropriately disposing of over six million counterfeit products in 2022, preventing them from reaching customers and being resold elsewhere in the global supply chain," the report said. The report said that Amazon's Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the US, UK, EU, and China in 2022.

Street cheers auto volume data amid interest rate, chip crunch concerns

Rural consumption will be crucial in the near-term for two-wheelers, while tractor sales have been healthy due to higher crop prices and adequate water reservoir levels

Work in progress

Foreign trade policy must engage with realities of world trade

Biden wants supply chains to start and end in US, says his advisor

Having learnt the bitter lessons of disruptions in supply chain during and after the COVID-19 crisis, US President Joe Biden wants the entire system of producing and delivering a product or service to start and end in the United States to reduce vulnerability, his top economic advisor has said. He said the Biden administration is looking to build up the American manufacturing capacity in key areas like clean energy production, semiconductors and related industries as well as anything related to infrastructure. We have tried to make America a good place to invest for those types of companies that have a choice in terms of where to put their money. We are offering not only the best trained workforce in the world, a highly reliable legal system, but also strong incentives to locate production in the United States, Indian-American Bharat Ramamurti, Deputy Director of President's National Economic Council and his Advisor for Strategic Economic Communications, told PTI in an interview on .

Chinese companies may need majority Indian partners to set up plants

Some global players are pushing for a 50-50 equity structure, pointing out that without such a split, most Chinese firms might not want to share their technology at all

Indian airlines to report $1.6-1.8 bn consolidated loss in FY24: CAPA

Indian airlines are projected to record a consolidated loss of USD 1.6 to 1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full service carriers are expected to incur a loss of USD 1.1 to 1.2 billion. According to CAPA India, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft. While announcing its outlook for 2023-24, CAPA India also said that more than 100 planes of various Indian carriers are on the ground due to supply chain and non-supply chain issues.

China's chip industry poses significant threat to global security: Report

The CHIPS and Science Act signed by the Biden administration in August is a necessary industrial policy to ensure the US maintains its technological edge and protects its 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