Page 12 - Supply Chain

India adopts US' joint statement on cooperation of global supply chains

On behalf of partner economies including India, US State Department on Wednesday released a Joint Statement of the 2022 Supply Chain Ministerial Forum, focussing on the global challenges

Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme

Supply chains inching back to normal brace for headwinds of softer demand

Citi cautioned against declaring an 'all clear' on the supply front

China's supply chain irreplaceable despite India, Vietnam appearing on map

DBG Technology Co is a contract manufacturer for major Chinese smartphone brands including Xiaomi, Honor and Huawei Technologies Co, reports South China Morning Post

TVS Supply Chain Solutions appoints Tarun Khanna as independent director

TVS Supply Chain Solutions, part of the TVS Mobility Group on Thursday said Tarun Khanna as been appointed as an independent director to its Board. With the appointment of Khanna, the strength of the city-based company's Board grew to 11 of which four were independent directors. "I am delighted to welcome Tarun to our Board as we prepare to go public. He brings deep understanding and knowledge of how entrepreneurship and innovation can be harnessed to build companies of global relevance and scale from emerging economies", TVS Supply Chain Solutions Executive Vice Chairman R Dinesh said in a company statement here. "He has been instrumental in shaping our approach to build a differentiated tech-led supply chain business in the early days and now he joins the board to help us scale faster and further, " he said. Khanna serves several profit and not-for-profit Boards in the United States and in the domestic market. "I am happy to join the Board of TVS SCS and be part of a value-led

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