Three strategic ways to grant supply chains resilience

Source: Livemint Relevance: Building supply chain resilience Synopsis: Companies need to ensure resilience of their input supply chains to protect themselves from any turbulence during global shocks like COVID and natural calamities hitting the clusters of input suppliers. Background Automobile and electronics makers worldwide have had to reduce output because a severe drought in Taiwan… Continue reading Three strategic ways to grant supply chains resilience

India, Japan, Australia to launch Supply Chain Resilience Initiative(SCRI)

News: India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative(SCRI) to reduce the dependency on China. Facts: SCRI: The aim of the initiative is to attract foreign direct investment to turn the Indo-Pacific region into an economic powerhouse and to build mutually complementary relationships among partner countries. Significance:. The… Continue reading India, Japan, Australia to launch Supply Chain Resilience Initiative(SCRI)