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
The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform
The world's biggest automaker by sales said last week its global production rebounded by 30% in the quarter that ended in September
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.
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
Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections
White goods have 25-75 per cent of their components coming from China, with air-conditioners being the most dependent on them with 75 per cent.
In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
Observing that China has been a very important player in global supply chains, a top International Monetary Fund (IMF) official on Tuesday said that anything which undermines this process of efficiency and productivity will have its costs. At the end of the day, we have to think in terms of efficiency, gain and losses. China has been a very important player in global supply chains, and for good reasons, Krishna Srinivasan, IMF Director of the Asia and Pacific Department, told PTI in an interview. Srinivasan was responding to a question on the move by companies in the US and Europe to shift their manufacturing base to other countries of the world. Anytime you go for something driven by non-economic considerations, say sourcing goods from a friend-country (friend-shoring) you risk undermining efficiency. So, one has to think of this in a very objective way, Srinivasan said. At the end of the day, what do you want from this? he said. We have seen trade being an engine of growth not j
A Kerala-based agribusiness startup has launched an end-to-end supply chain connecting banana cultivators, traders and exporters on a single platform. The start-up, Greenikk, has built enablement centres (EC) in the major banana producing agricultural-belts in Kerala, Tamil Nadu and Karnataka to provide farmers with production and marketing-related support, a release issued by it on Thursday said. "These ECs will provide the farmers with required supports such as finance, seeds, crop advisory, insurance coverage, agri inputs, including weather tips, and market connect, covering the entire gamut of production and marketing both inside the country and outside," it said. "Similar ECs are planned in other south Indian states of Andhra Pradesh and Telangana and further scaling across the whole of India," the start-up said. The platform would also help farmers to better utilise the organic waste that is left behind after the harvest, as manure and poultry feed, the release said. Such ..
Open to sourcing chips from India if suppliers are ready
China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain
Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made
China's Belt and Road initiative has run into resistance in many countries, the founder and chairman of Adani Group said at a conference in Singapore
Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily
Minister Goyal is expected to hold bilateral meetings with counterparts from member countries
After Amazon.com Inc., it's the turn of Apollo Global Management Inc. to wade into the jungle that's corporate governance in India
The Ministerial level meet will also focus on stronger ties with the ASEAN bloc to counter Chinese influence, officials said
Company will consider other opportunities for rehabilitation of business ops