India is one of the fastest-growing economies in the world. The growth in real GDP during 2022-23 is estimated at 7.2 percent compared to 9.1 percent in 2021-22, according to data released by India's Central Statistics Office (CSO). Boasting a robust economy and favorable demographics, it's no wonder many international companies are eyeing India as a prime location to set up their manufacturing facilities and supply chains. As this trend continues, the demand for supply chain management in India is expected to soar. The thriving economy and burgeoning consumer market have created a wealth of new growth opportunities, but they also present unique challenges for companies operating in India. To succeed in this dynamic market, it's essential to understand these challenges and how to overcome them. By doing so, businesses can position themselves for success and tap into India's immense potential. According to official estimates, India's population is set to reach a st...
In a world faced with the prospect of tightening supplies, higher energy costs heightened geopolitical risk, and strained transportation networks, advanced supply chain technologies will become mission-critical for many more companies. The supply chain task is not an enterprise problem; it is an end-to-end network problem involving multiple enterprises. Therefore, the solution does not lie in fixing one link in the chain but in devising a community.