Page 8 - Supply Chain

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status

It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday

Crisis in multilateralism affecting developing nations most: PM at G20 meet

Modi also pointed out how global supply chains have broken down during times of stress and turmoil

Apple supplier Foxlink unlikely to resume full India ops for 2 mths: Report

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground

India natural partner of US in diversifying supply chains: Congressman Bera

As American companies diversify their supply chains, India becomes a natural partner, an influential US lawmaker has said, asserting that the recent announcement of the Air India-Boeing deal is a demonstration of India modernising its civil aviation sector. On Tuesday, Air India announced its agreement to purchase 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs a total of 220 firm orders valued at a list price of USD34 billion which will support more than one million American jobs across 44 states, many of which will not require a four-year college degree. We've realised through the pandemic; how dependent our supply chains have been on China. And when we are urging American companies to diversify their supply chains, India becomes a natural partner there. They are certainly in the pharmaceutical sector, they have a mature pharmaceutical sector, but also in defense production, other areas of technology, India has a very vibrant tech sector, Indian-American Congressman Ami .

Foxconn secures new manufacturing site in Vietnam after turmoil in China

Apple's biggest supplier Foxconn has secured a new site in Vietnam, as the Taiwanese giant shifts production away from China after facing major supply-chain disruptions

Top headlines: AI seals largest plane deal, MSCI readies verdict on Adani

Business Standard brings you the top headlines at this hour

Supply chains back to pre-Covid levels for consumer durable firms

Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up

Semiconductor chip supply constraints put brakes on auto OEM ramp-up

Firms struggle to increase production as supplies yet to fully normalise

PhysicsWallah to hire 2,500 employees, partner with supply chain firm

Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees

Pratt & Whitney opens India Engineering Center facility in Karnataka

The new IEC facility is co-located with Pratt & Whitney's India Capabilities Centre (ICC), which opened in 2022 to provide integrated global supply chain support.

Ceat is planning to invest in off-highway tyres segment: Anant Goenka

At Ceat we wanted to grow in our international business, and our OEM customers were becoming more and more exacting in their specifications, said Goenka

Recession likely this year; India may benefit from global trends: WEF

A third of respondents consider a global recession to be unlikely this year

Supply chain disruptions likely despite falling trade

After two years of revenue and profit growth, the shipping lines are facing losses on most sailings due to falling freight rates

Goyal calls upon Global South nations to help build resilient supply chains

Goyal also emphasised upon the need for de-politicisation of the global supply of essential medicines

Food supply at risk as banks in Pak reluctant to open letters of credit

Amid the shortage of wheat, the banks in Pakistan remain hesitant in opening letters of credit (LCs) for the import of necessities, posing threat to the food supply, reported The News International

India, US establish new trade group to build sustainable supply chains

The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023

DESH Bill deadlock likely to force Cabinet secretary to step in

The department of commerce finalised the new proposed SEZ law and sought inter-ministerial comments in June last year, with an aim to table it in the Monsoon Session of Parliament

Green hydrogen will not be limited by borders: ReNew Power Founder & CEO

'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha

India Inc takes steps to protect supply chain as Covid-19 rages in China

Keeps adequate inventory levels for now; onboards multiple vendors to mitigate risk

Spike in Covid cases in China's Zhejiang renews supply chain concerns

Aside from Apple suppliers, Zhejiang is home to Japanese automaker Nidec and a slew of other foreign manufacturers