Page 46 - MMI-March-April-2022

SUPPLY CHAIN

NAVIGATING THE CRISIS

A deliberation on how the Indian manufacturing and logistics industries can
counter the global supply chain crisis…

he global economy had dered by the pandemic—has forced in transportation disruption, can-
T been on a steady path to supply chain operators to acceler- cellation of cargo, cramped freight
recovery following the
capacity, and extensive manual
ate end-to-end automation. The
advent of the second wave, but current global and domestic trade customs clearance. Consequently,
the new variant has cast con- and economic policies certainly there were late deliveries, operat-
cerns over global growth, which haven’t helped either. The shut- ing losses, cancellation of orders,
would decline further if the pan- ting down of major international and reputational damage. The
RUPAL SINHA demic continues. Rampant dis- manufacturing hubs and ports factors that influence the perfor-
CEO, IFMS ruptions have already been seen has shored up the global price of mance of a supply chain company
Quess Corp
in the travel, education, and en- raw materials and intermediate are facilities, inventory, sourc-
tertainment sectors, leading the supplies for Indian manufacturers. ing and pricing, transportation,
World Bank to trim its forecast Adding to the accelerating crisis location, and information. The
by 1-1.5 percent for 2022-23. was the restriction on the mobil- pandemic has impacted all these
The continued global supply chain ity of human capital involved in significant factors that ensure the
and logistic crisis—sizeably engen- supply chain operations, resulting smooth running of operations.

Source: Magic Wand Media

46 | March-April 2022 Modern Manufacturing India