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India: A rising giant in the world of supply chain management!!

Global Trade Management

India is one of the fastest-growing economies in the world. percent in 2021-22, according to data released by India's Central Statistics Office (CSO). As this trend continues, the demand for supply chain management in India is expected to soar. According to official estimates, India's population is set to reach a staggering 1.6

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How vehicle customization will drive the supply chain of the future

Kinaxis

And then there was a McKinsey article, which commented recently, that in the next four years, India would be the third biggest manufacturer , just lagging after China and the US. First, as India becomes the third largest vehicle market over the next five years, a shift to supplier footprint optimization (SFO) will result.

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Shorter Supply Chains are Upending Globalization Patterns

Enterra Insights

Near-shoring and Re-shoring Of course, one way to lower risks from trade with China is to move manufacturing elsewhere. Vietnam and India are two countries that have benefited from such decisions. .”[2] The bottom line is this: Companies are likely to continue to pursue their de-risking strategies.

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

That could signal even more added inventory exposures. Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. in April to 58.7

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The emergence of supply chain localization strategies

NC State SCRC

First, you have less cash tied up in your supply chain – and less inventory sitting on a boat, on a plane, or in a container. For example, people often think about Apple as a global brand… but not in China or India, the two biggest markets in the world! Second, becoming more regionally focused is also good for business.

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Vanguard Voice – Issue 102

Vanguard Software

May 17, 2021 – The past year has offered a crash course in the fragility of supply chains. Supply Chain Dive – Inventory accuracy is a must-have to cut waste in supply chains. Analytics India Magazine – What Role Can AI Play In Drug Supply Chain Management? Modern Solutions vs. Excel for Inventory Management.

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Hitendra Chaturvedi’s Reality Check

Resilinc

It’s full of lively anecdotes, including many from his experience building a 3,000-employee appliance refurbishing company in his native India. China ranks number one as the country from which companies are reshoring, followed by Mexico, Canada, India, and Japan. Resilinc: What’s the current status of reshoring manufacturing?