Page 11 - Supply Chain

Supply chains aren't broken, have evolved for the better in some places

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan

Need to build resilient supply chains, boost connectivity: PM Modi at SCO

India assumes rotational annual presidency of SCO summit nations; China, Russia and other countries offer support for summit next year in India

Boeing deliveries rose in August as it resumed 787 Dreamliner handovers

Boeing deliveries in July had fallen to a five-month low of 26 airplanes, highlighting pressure on global supply chains

India opts out of joining IPEF trade pillar, to wait for final contours

India to wait for final contours before formally associating with IPEF trade pillar, says Goyal

India opts out of trade talks with a US-led group of Asian nations

Known as IPEF, the initiative is an effort by President Joe Biden's administration to deepen ties with Asian nations through a range of issues including trade, climate change, supply chains and tax

MG Motor India sales drop by 11.4% in Aug, blames supply chain volatility

MG Motor India on Thursday reported an 11 per cent decline in retail sales in August, hit by supply chain constraints. The company retailed 3,823 units last month as compared to 4,315 units in August 2021. "The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards," the automaker said in a statement. In order to meet growing customer demand, the company has proactively undertaken multiple initiatives, including localisation and the introduction of executive vehicle variants in its product mix, it added. The company, a wholly-owned arm of China's SAIC Motor Corp, said it continues to have a strong order book with a positive outlook for the upcoming launches. The launch of the new version of Gloster, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up, it added. The next-gen Hector, slated for a year-end launch, is expected to add to the gr

Maruti Suzuki open to partnerships to secure future supply chain: Chairman

"If required somewhere, we will get into a joint venture," said Bhargava, when asked what role Maruti would play in setting up and securing its future supply chain.

US calls for bolstering supply chain resiliency with 'trusted' partners

US Deputy Treasury Secretary has called for the bolstering of supply chain resiliency between "trusted partners" like the United States and India to maintain a free and open Indo-Pacific

Supply chain disruption a challenge but IndiGo CEO sure of capacity growth

Foresees 13% capacity growth, hints at likelihood of aircraft lease extension; airline is seeing passengers moving from rail and other modes on short duration routes

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

Audi to hike prices by up to 2.4% next month as supply chain costs rise

German luxury carmaker Audi on Tuesday said it will increase prices of its entire model range by up to 2.4 per cent next month. The price hike is a result of rising input and supply chain costs and will come into effect from September 20, 2022, the automaker said in a statement. At Audi India, we are committed to operating a sustainable business model. With rising input and supply chain costs, we are required to take a price hike of up to 2.4 per cent across our model range," Audi India Head Balbir Singh Dhillon said. Audi India sells petrol models A4, A6, A8 L, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback and RS Q8. The electric vehicle portfolio under the e-tron brand comprises the e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT and RS e-tron GT. The company recently opened online bookings for Q3 in India.

China opposes new US chip law, says it will undermine global supply chains

Amid heightened cross-strait tensions between China and Taiwan, there is a shortage of semiconductor chips shortage across the world

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

Walmart cuts 200 corporate jobs as weak demand, bloated inventory weigh

Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and wellness, ad sales and supply chain

Supply chain, margin woes for Siemens, but strong order flow a positive

Global headwinds may weigh on the sector and company's prospects; strong order flow is a positive though

World's food supply faces new threat after India's rice crop falters

The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation

Hero MotoCorp selects Accenture to enhance supply chain, reduce costs

Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Poor financials, broken supply chain, DGCA's flawed tech base ails aviation

Poor financials of the airlines, broken supply chain and lack of technical efficiency in DGCA are some of the major reasons behind the rising number of instances involving technical glitches in planes

Ukraine, Russia sign deal to reopen grain export ports as war rages on

The blockade by Russia's Black Sea fleet has worsened global supply chain disruptions