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supply chain India

Bharat Tex 2024 – India’s Mega Textiles Event

Bharat Tex 2024, a global textile event organized by a group of textile export promotion councils and supported by the Indian government, will take place from February 26-29 in New Delhi. The event will focus on sustainability and resilient supply chains and will showcase the complete textile value chain, including

supply chain India

Walmart, Hero Ecotech to boost resilient bicycle supply chain in time for holidays

Walmart has introduced India-made bicycles in select US stores just in time for the holidays. The bikes, designed by Hero Ecotech, are part of Walmart's efforts to strengthen supplier relationships and triple exports of goods from India to $10 billion annually by 2027. Walmart also announced the Walmart

supply chain India

Walmart, Hero Cycles pedal towards resilient supply chains with “Make in India” triumph | Indiablooms First Portal on ...

Retail giant Walmart has entered into a strategic partnership with Hero Ecotech, India’s leading bicycle manufacturer and exporter. This collaboration supports India’s "Make in India" initiative and aims to strengthen Walmart's supply chain and ensure a steady supply of bicycles, especially during peak seasons

supply chain India

Indian carriers more vulnerable to supply chain issues : CAPA India

Indian airlines are more susceptible to engine problems and supply chain challenges than global airlines due to a higher number of narrow-body planes in their fleet, according to consultancy firm CAPA. Narrowbody planes make up 80% of Indian airlines' fleet, compared to 40-67% in other major aviation markets. CAPA

supply chain India

Foxconn Adds $1B to Investment in Giant Apple India Plant

Foxconn Technology Group has received approval to invest over $1 billion in a plant in India that will produce Apple products. This investment is part of Foxconn's effort to reduce its reliance on China and build a manufacturing hub in India. The Taiwanese company has allocated a total

supply chain US

Seoul beefs up efforts to diversify supply chain amid China concerns

South Korea is working to diversify its semiconductor supply chain to reduce its reliance on China. The country has formed a global chip supply chain alliance with the Netherlands, aiming to jointly combat potential disruptions caused by China. South Korea has also been strengthening ties with the US, Japan, and

supply chain US

India, Japan and a road to a resilient Semiconductors supply chain

India and Japan have signed a Memorandum of Cooperation (MoC) called 'Japan-India Semiconductors Supply Chain Partnership' to counter China's dominance in the semiconductor industry. The MoC aims to jointly develop the chips industry between the two countries, as semiconductors continue to play a vital role in

supply chain US

Congress urged to tackle de minimis threats to US workers, supply chains just

Earl Blumenauer, ranking member of the Ways and Means Trade Subcommittee, is urging Congress to address the exploitative nature of the de minimis loophole that threatens American supply chains and workers. He reintroduced the Import Security and Fairness Act to prevent non-market economies from taking advantage of the loophole. Expert

supply chain US

Top EVs are losing tax credits next year as U.S. boots China from supply chain–these stocks are exposed

This summary includes a list of different financial products and services such as credit cards, loans, banking, mortgages, insurance, credit monitoring, personal finance, small business, taxes, help for low credit scores, and investing. It provides information on the best options within each category and also offers resources for boosting credit

supply chain US

Critical Minerals: Opportunities in Deep Sea Mining to Secure Supply Chains

The Biden administration has issued new guidance on sourcing content in batteries eligible for electric vehicle tax credit, aiming to reduce reliance on materials from China while incentivizing American consumers and giving manufacturers time to clean their supply chains. The guidance will exempt certain critical minerals from designated countries until

supply chain US

DHL Supply Chain deploys its first Class 8 electric trucks in North America

DHL Supply Chain has deployed its first Class 8 electric trucks in North America following a successful six-month pilot program. The company currently has two Freightliner electric trucks in operation in California and will soon add an additional 11 units to be deployed across Ohio, North Carolina, Pennsylvania, and California.

supply chain US

Digital twin tech 'vital for US supply chain efforts' EY

The Biden administration is being urged to include digital-twin driven scenario planning in its efforts to improve US supply chains. The government recently announced a cross-government programme to address supply chain issues and the Department of Homeland Security’s Supply Chain Resilience Center (SCRC) will collaborate with the private sector

supply chain US

The Resilient Link: Strengthening U.S.Mexico Supply Chains Through Diversification

The year 2020 brought significant changes for businesses in North America. The United States-Mexico-Canada Agreement improved trade conditions, but supply chain disruptions from China's Zero COVID Policy exposed vulnerabilities. Nearshoring and reshoring gained momentum, leading to challenges at the U.S.-Mexico border. Capacity issues and delays at

Logisitcs US

Hankook inks major smartlogistics deal at US tire plant

Hankook Tire has awarded Hyundai Movex an $82 million contract to supply logistics automation for its tire manufacturing plant in Tennessee. This is the largest single order in Hyundai Movex's history. The project will involve installing advanced equipment and facilities to increase efficiency and control the core logistics

supply chain US

Cognitive Supply Chain Market Expected to Surge at 15.6% CAGR, Reaching US$ 40.4 Billion by 2034 | Future Market ...

Australia's cognitive supply chain market is expected to grow at a CAGR of 19.1% between 2024 and 2034, driven by the e-commerce industry's need for smart logistics and personalized retail experiences. The market is estimated to be worth US$9.5 billion in 2024 and

supply chain US

First US Chips Act grant goes to Pentagon semiconductor supplier

The US Commerce Department has announced a $14 million grant to BAE Systems to quadruple chip production for F-15 and F-35 fighter jets at its facility in Nashua, New Hampshire. The move is part of the US government's efforts to reduce reliance on Asian countries for semiconductors. Secretary

supply chain US

Companies prepare for Canadian policy against forced and child labor

The Canadian government will require certain businesses to make reports on their efforts to prevent forced and child labor in their supply chains. The new policy, called the "Fighting Against Forced Labor and Child Labour in Supply Chains Act," will take effect on January 1. Companies must make

supply chain US

Offshore Wind Industry in U.S. Needs Supply Chain Investments

The offshore wind industry in the U.S. has the potential to create jobs and stimulate local economies while reducing overall emissions. The Department of Energy states that developing 30 gigawatts of energy from offshore wind by 2030 could attract $12 billion in private investment annually. However, the industry needs

supply chain US

Brown Leads Legislation To Help Secure Food Supply Chains During A Disaster

U.S. Senators Sherrod Brown (D-OH) and Kirsten Gillibrand (D-NY) have introduced The Grocery, Farm, and Food Worker Stabilization Act to provide support for farm, grocery, and meatpacking workers during disasters. The bill aims to protect food supply chains and prevent disruptions. Companion legislation is being introduced in the House

supply chain US

Why Supply Chains Are Key to Fighting Inflation

The Biden administration has formed a council to address America's supply chain issues and alleviate inflation. Wharton professor Marshall Fisher praised the initiative but highlighted the need for execution details. The White House Council on Supply Chain Resilience was established to bolster critical supply chains and combat shortages

supply chain US

Global Supply Chain News: Move Away from China Sourcing not So Easy

A recent report shows that US companies are reducing their reliance on Chinese manufacturing, with Walmart's imports from China dropping to 60%. However, this data is complicated by the fact that many products made in other countries are produced using components from Chinese suppliers. Chinese firms are also

supply chain US

COVID Tested Global Supply Chains. Here's How They've Adapted

Global supply chains are undergoing a "great reallocation," according to a working paper by Harvard Business School Professor Laura Alfaro. Companies are moving manufacturing operations to low-cost countries like Vietnam, Mexico, and Costa Rica, despite the buzz around "reshoring." This reshuffling could result in higher costs

supply chain India

Apple Seeks to Strengthen Local Supply Chain in India

Apple is looking to expand its supply chain in India as it seeks to reduce its reliance on China for manufacturing. The company aims to boost domestic component suppliers to meet the production expansion plans of iPhone assemblers in India. By diversifying its production locations, Apple is mitigating potential disruptions

supply chain India

Apple's Bet On India Gets Bigger: Company Reaching Out To Indian Manufacturers For Multiple Products As It Shifts Supply Chain Away From China

Tech giant Apple is reportedly exploring diverse supplier arrangements in India, engaging with potential suppliers in the automotive, aerospace, and consumer electronics sectors. The move is part of Apple's strategy to diversify its operations and mitigate risks associated with a concentrated supply chain in China. Apple's

supply chain India

Change as opportunity: How Apple gains from rebooting its supplychain strategy

Apple has learned from the Covid crisis that relying heavily on one nation for production weakens its supply chain. To address this issue, Apple is encouraging its partners to open production lines in new nations like India and Vietnam. Other companies, such as Nvidia, are also looking to do business