Union IT Secretary S Krishnan emphasized the importance of ensuring national security interests by electronic component manufacturers while starting new projects. He highlighted the significance of cyber security and resilient supply chains in a lecture organized by Madras School of Economics and SICCI. Krishnan also discussed the need to address

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India's liners are opting for leased containers over their own due to rising cost pressures and logistical challenges from the Red Sea crisis. Despite reasonable storage fees in India, liners are making this shift, highlighting the impact of the crisis. Stay updated on energy sector news with ETEnergyworld

Amid rising geopolitical tensions, Apple is expanding its manufacturing base into Southeast Asia and India while deepening ties with China. Despite reducing suppliers from other regions, Apple is increasingly relying on Chinese companies. CEO Tim Cook's recent visits to China and other Asian countries underscore the importance of

SkyDrive appointed Adam Hollis as general manager of air mobility supply chain management. Hollis, previously with Rolls-Royce, has 15+ years of experience in supply chain, manufacturing engineering, and quality management in Asia. He is expected to accelerate product development at SkyDrive. This announcement was made by SkyDrive. Hollis's

Apple is diversifying its supply chain across China, India, and Southeast Asia to mitigate risks and expand into new markets. This strategic approach aims to balance investments in different regions and reduce dependence on China, potentially protecting production capabilities. However, challenges remain, and achieving this international balance may take years.

CONCOR and PSA MESA have signed a MoU in April 2024 to collaborate and offer seamless logistics services. The partnership aims to enhance ease of doing business and support India's national logistics transformation. CONCOR is a leading logistics provider with a presence in over 60 container terminals, while

Unusual weather in the Persian Gulf region has caused significant disruptions for ocean and air freight stakeholders, with cargo delays at ports and berthing delays due to extreme weather conditions. Dubai Airport experienced widespread flight cancellations and diversions. Air freight operations are slowly returning to normal, but backlogs may push

Taiwan's Minister of Foreign Affairs, Joseph Wu, highlighted challenges hindering Taiwanese chip companies from investing in India. He mentioned administrative hurdles, lack of experienced engineers, high tariffs on imports, and inadequate infrastructure. Wu emphasized the importance of a free trade agreement with Taiwan to facilitate semiconductor supply chain

Apple is diversifying its supply chain away from China due to political tensions and rising costs. While adding new Chinese brands to its list, Apple is also increasing its reliance on suppliers in India and Vietnam. This shift promises to create millions of jobs outside of China. Despite this, China

Indian auto manufacturers are yet to fully implement Just-In-Time (JIT) inventory management in their supply chain, leading to potential disruptions in operations and financial strain. Despite the success of JIT in the auto industry, a study by Vector Consulting Group reveals that no Indian OEM has fully implemented JIT, causing

Container Corporation of India Ltd (CONCOR) has signed an MoU with PSA Mesa Supply Chain Pte to offer cost-effective logistics solutions in India. The collaboration aims to enhance the ease of doing business by leveraging the strengths of both organisations. CONCOR reported an 8.23% increase in total physical volume

Container Corporation of India (CONCOR) signed a MoU with PSA Mesa Supply Chain for logistics services, causing its share price to drop. CONCOR, with over 60 terminals, aims to improve business operations through this partnership. The share price is currently 11.73% below its 52-week high of Rs 1,035.

Foreign Direct Investment (FDI) is crucial for India's global competitiveness, but the country is facing a decline in FDI inflows. Various factors such as restrictions on FDI, termination of bilateral trade treaties, and policy inconsistencies are contributing to this decline. This trend is concerning given India's

Vector Consulting Group released a research-based report on India's auto manufacturing industry, questioning the widespread adoption of Just-In-Time (JIT) inventory management. Despite the success of JIT in other industries, the report found that no Indian OEM has fully implemented it in their supply chain. Vector proposed a new

In recent years, India has focused on integrating into global value chains and supply chains, making it a manufacturing hub. Industry officials have praised the government's efforts in this regard, including the Atmanirbhar initiative led by Prime Minister Narendra Modi. The country's potential as a manufacturing

A recent report by Vector Consulting Group reveals that no Indian OEM has successfully implemented Just-in-Time (JIT) in their end-to-end supply chain, despite being in the industry for over half a century. This unexpected finding challenges previous assumptions. Stay updated with the latest news and insights from the automobile industry.

Navata Supply Chain Solutions, a city-based company, has secured pre-series A funding led by Equanimity Ventures to revolutionize India's supply chain industry. The company aims to offer a comprehensive solution for managing supply chains, reduce costs, and expand its network to empower over 1 lakh MSME logistics vendors.

Geopolitical tensions between Iran and Israel are causing concern for Indian exporters, as freight costs are expected to rise due to disruptions in cargo flow. The capture of the MSC Aries by Iranian forces has escalated supply chain worries. Air cargo shippers are experiencing flight schedule disruptions and rising rates.

ProcMart, a Noida-based B2B procurement marketplace, raised $30M in a Series B funding round led by Fundamentum Partnership and Edelweiss Discovery Fund. The company plans to explore strategic acquisitions, enter new industries, expand distribution network in India and strengthen international operations. ProcMart aims to optimize supply chain, expand contract manufacturing

Navata Supply Chain Solutions in Hyderabad secures Pre-series A funding from Equanimity Ventures to transform India's supply chain industry. Co-founded by Hima and Vineel Parvataneni, Navata aims to lower supply chain costs and enhance operations through tech-driven solutions. The partnership will help Navata expand its network nationwide and

India is moving towards organic farming solutions with a focus on personal finance, markets, companies, economy, and real estate. The budget for 2024 and income tax are key topics of discussion. Microsoft veteran sacked after 33 years, while two constables found dead in UP. In Bengaluru, Section 144 will be

The TOI Tech Desk is a team of journalists providing the latest technology news for readers of The Times of India. Coverage includes gadget launches, reviews, trends, analysis, exclusive reports, and breaking stories on AI, cybersecurity, personal gadgets, and platforms like WhatsApp and Facebook. With accurate and authentic reporting, TOI

Murugappa Group and Tata may produce iPhone camera modules in India. Indian pharma exports to the US are rising. Ather aims to challenge TVS and Ola in e-scooter market. Equities are volatile, five factors causing concern. Download The Economic Times News App for updates. Source: Link HPE's Made-in-India

India's iPhone exports showed a massive increase, nearly doubling to $12.1 billion in 2023-24 from $6.27 billion the year before. Total smartphone exports from India also rose to $16.5 billion. Apple's shift in manufacturing to India is evident with India-made iPhones gaining momentum