Supply Chain

Last Updated: March 22, 2024, 10:00 ISTKia India Announces Up To 3 Percent Price Hike On Popular Models From April 1. (Photo: Kia)Kia India to raise prices by up to 3% on popular models like Seltos, Sonet & Carens from April 1, citing commodity price hikes.Kia India, a major carmaker known for its premium vehicles, has revealed plans for a price increase of up to 3 percent on all its mass models, including popular cars like Seltos, Sonet, and Carens, starting April 1, 2024.The decision comes as a response to the…

For companies producing just about any physical product, the many “black swan” events (catastrophic incidents that are nearly impossible to predict) of the last four years illustrate the importance of supply chain resilience—businesses’ ability to anticipate, respond, and bounce back. Yet many organizations still don’t have robust measures in place for future setbacks. In a poll of 250 business leaders conducted by MIT Technology Review Insights in partnership with Infosys Cobalt, just 12% say their supply chains are…

Have you ever thought about how much goes into making the smartphone that is your window to the world? Here’s some food for thought: As per a report by the White House, a semiconductor chip, that is used within the Bluetooth and Wi-Fi component of your phone, could’ve crossed international borders as many as 70 times before it reached you. And this entire process can take up to 100 days, 12 of which are spent in transit between various supply chain steps. And this is just one tiny component that makes up the lifeline of…

According to S P Kochhar, Director General, COAI, the approval for these units which has come under India's Semiconductor Mission is a positive and commendable development.The Union Cabinet's nod to three upcoming semiconductor manufacturing units is a step towards self-sufficiency and makes the country's dream of becoming a global chip making destination achievable, according to industry players. The Union Cabinet on Thursday approved setting up three…

Zomato could find itself up against ecommerce marketplaces like Amazon and Flipkart as it explores adding brands across a gamut of new categories to its 10-minute delivery platform, Blinkit. This major push into the fast-growing direct-to-consumer (D2C) space would entail the Gurgaon-based firm building its own supply chain to directly source branded products and manage stock, multiple people aware of the plans told ET. It would deliver these through Blinkit.Zomato, which is scaling up its quick commerce operations, has…

Last Updated: January 16, 2024, 18:27 ISTMaruti Suzuki Car Prices Gets a Hike by 0.45 Percent in India Starting Today, (Image source: Reuters) Maruti Suzuki hikes car prices by 0.45% in India. Despite challenges, passenger car exports rise, but two and three-wheelers face decline in demand.Maruti Suzuki has raised the prices of its cars in India. The company reports that the increase will average around 0.45 percent across various models.This adjustment, initially disclosed in November, officially takes effect from…

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

Updated Jan. 12, 2024 7:11 am ETBERLIN—Tesla plans to halt production at its biggest factory in Europe for two weeks as the conflict in the Red Sea continues to disrupt transport ships, raising the specter of a new supply-chain crisis for European manufacturers dependent on parts from China and other Asian countries.Tesla said in a statement Friday that it would stop nearly all production at its factory near Berlin from Jan. 29 to Feb. 12 because of a lack of components.Copyright ©2024Dow Jones & Company, Inc. All…

Updated Dec. 30, 2023 12:11 am ETListen to article(2 minutes)MBOMBELA, South Africa—A half-century-old company on the outskirts of South Africa’s Kruger National Park has found itself in a fortuitous spot as Western automakers push to move their electric-vehicle supply chains away from China.Manganese Metal Co., based in the sleepy town of Mbombela, is the largest of just a handful of refiners of battery-grade manganese located outside China. Used mostly for making steel, manganese is increasingly replacing more expensive…

Updated Jan. 3, 2024 11:22 am ETSHENZHEN, China—E-commerce sellers Shein and Temu are offering a lifeline for small suppliers in China’s manufacturing hubs—but it isn’t always a straightforward win.In recent years, thousands of Chinese factories and vendors have joined the supply chain for Shein and Temu, whose popularity has exploded in the U.S. with their offers of inexpensive made-in-China goods, from T-shirts and handbags to electronics and kitchen items.Copyright ©2024Dow Jones & Company, Inc. All Rights…