Page 3 - Supply Chain

Innovation, tie-ups key for India to become core of supply chain: M&M CEO

Scaling up innovation, more collaboration across businesses, larger firms, MSMEs and innovators are critical for India to become the core in the global supply chain instead of just being in the periphery, Mahindra & Mahindra Managing Director and CEO Anish Shah said on Friday. The country has got the best talent with innovations happening across universities and has strengths in manufacturing and it should not be just a "plus one" to China or Europe, he said, while speaking at the annual convention of industry body FICCI. "You heard a lot about 'China plus one' and more recently 'Europe plus one'. Why is it plus one? Why is India not at the core? Why are we on the periphery? What is missing?" he asked. Shah further said, "If you look at what we have today, we have got the best talent. We have got innovations that happen across our universities, across various different areas in India. We are the manufacturing strength now. "We have a government that's committed to driving change ..

G20 meet: Infra to sustainable finance, global headwinds take centre stage

The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting

Robots now set their sights on a new job: Sewing your blue jeans

The idea of using robots to bring more manufacturing back from overseas gained momentum during the pandemic as snarled supply chains highlighted the risks of relying on distant factories

FAME II: E2W makers want govt to delay localisation norms by 12-18 months

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

Apple supplier Foxconn invests $500 mn in India amid disruptions: Report

Amid supply chain disruptions at its key China iPhone plant, Apple supplier Foxconn is investing another $500 million in India, the media reported on Thursday

India has to compete to gain from 'China Plus One' strategy: Eswar Prasad

Companies, investors around the world looking at India's policy trajectory, says the professor of trade policy at Cornell University

Flipkart, Walmart ink MoU with NSIC to speed up capacity creation for MSMEs

The three plan to support MSMEs in their quest to integrate with local and global retail supply chains

India should nudge US to appoint judges to hear appeals at WTO

Dispute settlement is the central pillar of the multilateral trading system, and the WTO's unique contribution to the stability of the global economy

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