Coronavirus outbreak could cause a dent to the recovery of the Indian economy amid supply chain disruptions and inflationary pressures, a report said on Thursday. According to Dun & Bradstreet's Economy Observer report, manufacturing companies could face production disruptions if the length of the outbreak gets prolonged and their supply chain is not restored to normalcy. "The outbreak of coronavirus, through the direct and indirect linkages of trade and commerce and global supply chain, could impact Indian companies," said Arun Singh, Chief Economist Dun & Bradstreet India. Singh further said that inflationary pressures are likely to rise, at least in the short term, through the channels of uncertainty and disruption in the supply chain. The coronavirus outbreak has brought a large part of the world's second-largest economy China to a standstill and its impact has been felt across industries. On January 30, the World Health Organization (WHO) declared the coronavirus ...
According to the RBI governor, wider rural road network, better communication facilities, and easier access to micro credit will contribute to better price realisation for farmers
Founded in 2015, Ninjacart moves over 1,400 tons of fresh produce per day, having doubled its volumes in the last four months, it was stated.
Global companies are re-evaluating their supply chains to mitigate the impact of this uncertainty on cost and earning structures
'I would say engaging in such a way that we bring more supply chains to India and create more job opportunities,' Rajan said
The confluence of an impossible trinity at home and natural, economic, technological and geopolitical disruptions globally raises major concerns
Indian companies need to see their supply chains are sources of value-and then take action to unlock that value. To do so, they need to innovate and eliminate traditional practices
This will be first-of-its kind application outside banking industry