Page 6 - Supply Chain

Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

China's supply chain gets hit after US ban on imports from Xinjiang

After finding out that the Chinese products are produced with forced labour, the US imposed a ban on Xinjiang imports, which hit China's supply chain

Supply chain constraints to continue to affect auto sector: Mercedes-Benz

The semiconductor shortage issue and supply chain constraints that have plagued the auto industry are unlikely to be resolved this year, said Mercedes-Benz India MD and CEO Martin Schwenk

When the chips are down: Why vehicle prices in India keep increasing

The primary reason is the supply chain bottlenecks arising due to a shortage of semiconductors

US ban on imports from Xinjiang province disrupts China's supply chain

The United States is rallying its allies against forced labour as it begins implementing an import ban on goods from China's Xinjiang region, where it says Beijing is committing genocide

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Nifty auto index surges 7% in biggest weekly advance in 17 months

The latest gain comes on the back of easing commodity prices and supply chain issues

India should seek deeper integration into EU supply chains: NITI's Bery

"Assuming a successful conclusion to the trade negotiations, India should seek deeper integration into European supply chains, presenting itself as an alternative to China," he said.

Tata Aerospace is Boeing 'Supplier of the Year', picked out of 11,000 firms

Nine companies feted for 'proactively managing supply chain quality, advancing global sustainability'

Elon Musk warns of supply constraints; Doha gas deals at Qatar Forum

Tesla Chief Executive Officer Elon Musk told the Qatar Economic Forum that supply constraints are the biggest brake on the electric-car maker's growth

Shortage of empty containers in Asia may get worse on Rotterdam jam

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

Auto ancillaries' revenue may grow 8%-10% in FY23 on stable demand: Icra

The revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said.

Revlon Inc files for bankruptcy amid high debt, supply chain pain

Revlon Inc. filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation

Groyyo raises $40 million in Series A funding round led by Tiger Global

These funds will be utilised to scale up the team across manufacturing clusters in India and Bangladesh and key demand belts in the United States and European Union

How California's aesthetic regulation created a supply-chain crisis in US

The Port of Los Angeles is two nautical miles from the Port of Long Beach, and the two account for about 40% of U.S. container traffic

Russia-Ukraine war placing global food security under severe strain: G7

Group of Seven (G7) urged Russia to end its blockade and all other activities that further impede Ukrainian food production and exports in line with its international commitments

Need to make Indian banks, currency crucial part of int'l trade: PM Modi

PM Modi said India has developed various financial inclusion platforms and there is a need to create awareness about them for their optimum utilisation.

Joe Biden to meet baby food and supplement makers over supply crunch

US President Joe Biden is set to meet with infant formula manufacturers as his administration works to ease nationwide shortages by importing foreign supplies

India's aversion to Chinese investments and how geopolitics impacts PLI

India's stringent restrictions on Chinese investments have hampered the creation of a robust supplier ecosystem for mobile and IT device makers

Supply chain a daily cause for concern, says Rolls-Royce Motor Cars CEO

Parent BMW AG has prioritised feeding semiconductors Rolls-Royce's way because of the contribution it makes to the group's profitability, CEO Torsten Mueller-Oetvoes told Bloomberg Television