Page 6 - Supply Chain

Xi Jinping urges open supply chains after curbing exports of key metals

The world's No. 2 economy wants to work with nations to reject the moves of setting up barriers, decoupling and severing supply chains," Xi said in a virtual speech

US, India to build payment security system to put 10,000 e-buses on roads

Move will boost India's focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying global supply chain

Minerals Security Partnership: What is it, and why is it important?

The Minerals Security Partnership (MSP) was announced in June 2022 by the US to strengthen critical mineral supply chains; India is not a part of the 11-member group

Top 5 GHG emitting nations responsible for 40% food supply emission in 2019

Food consumption in the five highest greenhouse gas (GHG) emitting countries, including India, was responsible for more than 40 per cent of global food supply chain emission in 2019, according to a study. The research, published in the journal Nature Food, found that action to protect the planet against the impact of climate change will fall short unless emissions are reduced from the global food system, which now makes up a third of man-made GHG emissions. The largest emission increase within food supply chains is triggered by beef and dairy consumption in rapidly developing countries, such as China and India, while emissions per head in developed countries with a high percentage of animal-based food declined, the researchers said. The team noted that the growth of the global population and rising demand for emission-intensive food are likely to boost emissions further. "A global shift in diets, including reducing excessive intake of red meat and improving shares of plant-based ..

India seen as major beneficiary as supply chains migrate from China

"In India we see a tripling of the manufacturing base by 2031 with its share of GDP rising from about 16% to 21% over the same time horizon," the report stated

EAM flags supply chain disruptions, prolonged debt crisis as key challenges

The prospects of a global economic recovery remain dim amid supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security, External Affairs Minister S Jaishankar said on Monday, calling for a united global approach to deal with the challenges. In an address at the G20 Development Ministers' conclave here, he also said that India has put forward an ambitious seven-year action plan for accelerating progress on the Sustainable Development Goals (SDGs) that presented an integrated and inclusive roadmap for G20 actions. The roadmap focuses on digital public infrastructure and fostering data for development, investing in women-led development and energy transition to protect the planet. "The world today faces unprecedented and multiple crises -- from the pandemics to the disruptions in supply chains, from the impact of conflict to climate events, our era is becoming more volatile and uncertain by the day," Jaishankar said. "Added to this is the ...

Vistara faces shortage of cabin crew uniforms amid supply chain headwinds

Full service carrier Vistara is facing a shortage of cabin crew uniforms and some of its cabin crew members will soon be wearing black-coloured uniforms as a temporary solution. Vistara, a joint venture between the Tata Group and Singapore Airlines, has said it is actively working with suppliers to resolve the issue as quickly as possible. The airline, which is to be merged with Air India, is expanding its fleet as well as staff strength. Against this backdrop, the carrier on Friday said due to an unforeseen issue with supply of material, it is experiencing limited availability of cabin crew uniforms. "In the coming days, some of our cabin crew may be seen performing their duties in black-coloured trousers and polo T-shirts with the Vistara logo instead of our standard aubergine uniform," it said in a tweet. Vistara expects to add a total of 10 planes as well as hire more than 1,000 people in the current financial year.

Cargo traffic handled by major ports up 3.2% YoY at 68.06 MT in May: IPA

Cargo traffic handled by major ports in the country witnessed an annual rise of 3.2 per cent to 68.06 million tons (MT) in May this year, an official release said on Monday. These ports had handled a total of 65.94-million tons in May 2022, it said. During May 2023, the major ports handled a total 68.06 MT of cargo, against 65.95 MT handled during the corresponding period of last year, a year-on-year growth of 3.20 per cent, Indian Ports Association (IPA) said in a statement. There are 12 major ports, -- Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. Of these, eight ports witnessed a surge in the cargo traffic handled by them during the previous month while the remaining four saw cargo traffic at their facilities declining on a year-on-year basis in May, the statement said. Syama Prasad Mookerjee Port (SMP), Kolkata Port (Includ

IPEF's supply chain agreement to boost domestic manufacturing: Commerce min

Implementation of the supply chain agreement being finalised among the 14-member IPEF grouping is expected to extend a number of benefits to India, including boosting domestic manufacturing and mobilisation of investments, the commerce ministry said on Thursday. Members of the Indo-Pacific Economic Framework (IPEF) concluded the negotiations on the proposed agreement, one of the four pillars of the Indo-Pacific Economic Framework for Prosperity (IPEF), on May 27 in Detroit. "Once implemented, the Supply Chain Agreement is expected to bring in a number of benefits to India and the other IPEF partner countries," it said. Some of the key benefits expected are potential shift of production centres in key goods/critical sectors to India; bolstering of domestic manufacturing capacities; mobilization of investments especially in production of key goods, logistics services and infrastructure, the ministry said. It may also help in increasing exports from India; mitigation of risks of econo

Govt to brief industry on US-led initiative IPEF's supply chain pillar

Government officials said there will be more rounds of stakeholder and legal consultations will take place before the text is finalised

IPEF members "substantially conclude" deal on supply chains in Detroit

However, no mention of a proposal made earlier by US seeking advance notices on tariff changes and export curbs from partner countries, before firming up their positions

Entire E2W supply chain under stress as govt stance on subsidy hardens

Uncertainty over direction of govt policies is slowing investments and purchases; vehicle and ancillary makers need 5-year policy perspective to take investment calls, say industry experts

Negotiations on supply chain agreement under IPEF conclude: Ministry

Members of the 14-nation bloc IPEF have 'substantially' concluded the negotiations on the supply chains agreement, including improving logistics and connectivity; promoting investments in critical sectors and cooperation for mitigation of disruptions to ensure business continuity, the commerce ministry said on Sunday. The IPEF was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 in Tokyo. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy (issues like tax and anti-corruption). India has joined all the pillars except the trade one. The talks on supply chains, clean economy and fair economy were held on May 27 in Detroit, US. Commerce and Industry Minister Piyush Goyal virtually participated in the ministerial meeting. At this meeting, negotiations under the Supply Chains (Pillar-II) were substantially concluded; while good progress was reported under the other IPEF Pillars, the .

The end of 'decoupling'?

A more nuanced vision of the future of supply chains and economic security has emerged from the G7 summit

South Korean, German leaders agree to cooperate on supply chains, N. Korea

The leaders of South Korea and Germany on Sunday pledged more cooperation in building stable industrial supply chains and addressing the challenges posed by nuclear-armed North Korea as they met in Seoul after flying in from the Group of Seven meetings in Japan. South Korean President Yoon Suk Yeol, in a joint news conference with German Chancellor Olaf Scholz, pointed to the similarities between the two major manufacturing nations that are dependent on foreign trade and said a stronger supply chain partnership would help them cope with intensifying global economic instability and geopolitical conflicts. He said the countries in particular will work to advance trade relations in high-tech industries and clean energy, including semiconductors and hydrogen projects, and pursue further opportunities in defense cooperation. Yoon said they also discussed the growing threat posed by North Korea, which has test-fired around 100 missiles since the start of 2022 while accelerating its push t

EV penetration: At 1.1%, India is far behind Asian average of 17.3%

The countries covered in the region include China, Japan, South Korea, India, Indonesia, Malaysia, the Phili­ppines, Singapore, Thailand, Vietnam, the greater China region, and Pakistan

Multiple events like Russia-Ukraine war disrupted supply chains: IAF Chief

The event organised by the IAF was held at the Air Force Auditorium in the national capital, where Air Chief Marshal Chaudhuri inaugurated the seminar and delivered the key-note address

China flags supply chains, population as top priorities for new policies

China has become increasingly alert to supply chain security risks amid a US push to cut it off from advanced chip technology. Adding to it, its population has shrunk signaling a demographic crisis

Global recovery shaky; India to benefit from supply chain changes: WEF

Economists worldwide are evenly divided on the prospects for the economy, with equal shares of 45 per cent finding a global recession this year likely or unlikely, but India figures among the economies most likely to benefit from supply-chain changes, a survey showed on Tuesday. In its latest Chief Economists Outlook, the World Economic Forum said economists expect both growth and inflation dynamics to vary widely across regions. On the economic policy front, 72 per cent predict proactive industrial policy to become an increasingly widespread phenomenon over the next three years. Although a majority do not see recent financial-sector disruption as a sign of systemic vulnerability, further bank failures and turbulence are considered likely this year. Showing divergent regional dynamics, the most buoyant activity is expected in Asia, with China's reopening expected to drive a significant rebound for the country and to bolster activity across the continent. More than 90 per cent of t

Piyush Goyal marks importance of small countries in global supply chain

The Union Minister appealed to all to aim for a 47 trillion dollar economy when India reaches the year 2047