OpsChain - The Operations Club of WeSchool

🚀 Exciting News from Big Basket! 🚀 Big Basket, owned by Tata Digital, has entered the SaaS sector with the launch of BB Matrix, a comprehensive supply chain management platform. BB Matrix offers: ✅ Warehouse Management System (WMS) ✅ Transportation Management System (TMS)  ✅ Order Management System (OMS) 🚚 The platform addresses unique supply chain challenges across various business models, including e-commerce and B2B operations. claiming to reduce transportation costs by up to 50% and lead times by around 60%. 📦The launch aligns with a projected increase in global supply chain management software spending, expected to rise from $29 billion in 2023 to $62 billion by 2028, growing at a CAGR of 16.3%. 💼Big Basket plans to expand BB Matrix into international markets, leveraging its decade of experience in the Indian market. This move positions Big Basket as a significant player in the SaaS landscape, meeting the growing demand for sophisticated supply chain solutions. Source: ET article on 22/July/2024. #SupplyChain #SaaS #Innovation #BigBasket #TataDigital #TechNews

🎾The Roving Indian: Rise of Luxury Sports Tourism🏏 As the world becomes more interconnected and disposable incomes rise, Indian travelers are turning to luxury sports tourism. This burgeoning industry is growing at a remarkable rate of 200%, now accounting for almost 12% of all outbound travel by Indians. Key Highlights: Growing Market💹- Luxury sports tourism is witnessing exponential growth. Major sporting events in 2024, such as the Paris Olympics, ICC Men’s Cricket T20 World Cup, and UEFA Euro Cup, are expected to attract numerous affluent Indian travelers. In 2023, sports travel saw a 25-30% uptick, driven by key global events. Economic Impact💰- The luxury sports tourism market is poised to generate substantial economic benefits, with an anticipated growth to $37,600 million by 2032. The global sports tourism market is projected to reach $2.14 trillion by 2030. Consumer Behavior🙋♂️- Today's sports tourists seek exclusive, personalized experiences. This demographic, typically aged 30-50, values bespoke packages and premium hospitality. Examples include personalized coaching from legends like Sourav Ganguly and Neeraj Chopra, and VIP experiences at events such as Wimbledon and the Paris Olympics. Conclusion- Luxury sports tourism is more than a trend; it's a lucrative and rapidly growing market segment. Businesses that tap into this market can expect significant rewards. For consultants and industry professionals, understanding these dynamics is crucial for advising clients and driving growth in this vibrant sector. #LuxuryTourism #SportsTourism #TravelTrends #BusinessConsulting #MarketAnalysis #IndianTravelers #GlobalEvents #VIPExperience #SportsTravel #LuxuryTravel DreamSetGo Thomas Cook India Limited Fanatic Sports Gameplan Sports Private Ltd. Atout France India Chandravadan Goritiyal, PhD, PMP® https://lnkd.in/dkPpXAEe

🌍 The China+1 Policy and India's Manufacturing Potential 🌏 I came across an insightful article in today’s Economic Times about the China+1 strategy, which is opening up exciting opportunities for India as a prime destination for manufacturing. This strategic move involves diversifying operations outside of China, and India is emerging as a key player due to its stable economic environment, supportive government policies, and robust market demand. Key initiatives like Make in India and the Production Linked Incentive (PLI) Schemes are driving this transformation by offering financial incentives and improving the ease of doing business. With growing investments and immediate economic benefits, India is poised for significant growth in the manufacturing sector. 💡 Let's delve deeper into these aspects, providing a comprehensive understanding of how the China+1 policy can be a game-changer for India. We will explore real-world examples like Apple and Samsung expanding their operations in India, the impact of the Make in India initiative, and the benefits of PLI schemes. Join me as we uncover the potential of India in this new era of global manufacturing. Together, we can harness these opportunities and drive sustainable growth and innovation. 🌟 #ChinaPlusOne #MakeInIndia #Manufacturing #EconomicGrowth #SustainableDevelopment #Investment #SupplyChain #Innovation #IndiaRising ET Article Link: https://lnkd.in/dzf859bH OpsChain - The Operations Club of WeSchool Chandravadan Goritiyal, PhD, PMP® The Economic Times Welingkar Institute of Management

🚗 Union Budget 2024 can draw a roadmap to spark India’s electric vehicle revolution 🚘 This article offers an optimistic outlook on the Union Budget 2024, focusing on its potential to significantly advance India's electric vehicle (EV) sector. The government's goal is for EVs to account for 30% of total auto sales by 2030. To achieve this, the article suggests the budget may introduce increased funding for EV infrastructure, extended subsidy schemes, and tax incentives to make EVs more accessible. Additionally, it emphasizes the need for robust policy frameworks, infrastructure development, and support for research and development to ensure sustainable growth and attract investment in the EV sector. The article underscores that strategic planning and substantial policy support in the upcoming budget could play a crucial role in driving India's transition to electric mobility, offering significant economic and environmental benefits. Source: https://lnkd.in/d-G7SBEJ #UnionBudget2024 #ElectricVehicles #EVRevolution #SustainableMobility #GreenEnergy #EVInfrastructure #ClimateAction #Sustainability #FutureOfTransport #GovernmentPolicy #AutomotiveIndustry #EVIncentives #CleanTech #Innovation #ElectricMobility #cleanenergy

India's National Quantum Mission: A Quantum Leap Towards Technological Advancement The launch of National Quantum Mission in 2023, put India among the top six leading nations involved in the research and development in quantum technologies. The National Quantum Mission worth Rs. 6,003.65 crore is planned during 2023-2031. The mission aims to strengthen India’s research and development in the quantum arena. Key Players & Projects: ·      TIFR, DRDO, and TCS are building India's largest quantum computer, aiming to scale from 6 qubits to 100 qubits. ·      IIT Madras's Centre for Quantum Information, Communication and Computing (CQuICC) focuses on quantum information and cryptography. ·      Partnerships with global entities like the Chicago Quantum Exchange and D-Wave. Significance of the National Quantum Mission ·    Quantum technologies like quantum computing, AI, IoT, ML can boost India's economy by contributing $280-310 billion by 2030. ·      Enhance industries such as aerospace, weather prediction, cybersecurity, advanced manufacturing, health, agriculture, and education. ·      The mission will secure communication and financial transactions. ·      Complements initiatives like Digital India, Make in India, SDG. ·      Develop new materials and devices, streamline resources, minimize duplication, batteries and nuclear fusion reactors ·      Solutions for clean energy and affordable healthcare. ·      Improving simulations in chemistry and physics Challenges ·      India's investment of 6,000 crore ($0.75 billion) is much lower than China's $15 billion and the US’s $3.75 billion. ·      From 2000 to 2018, India published 1,711 quantum-related papers, compared to China’s 12,110 and the US’s 13,489. ·      Only 12% of Indian start-ups are deep tech-related, with less than 3% focusing on quantum technologies. What Should be the way Forward? ·      Identify and promote young talent ·      Well balanced R&D ecosystem ·      Increased Investment Support ·      Promotion of Partnerships and Collaborations between academic institutions, research organizations, and industries https://lnkd.in/dB3BR8hY

The Adani Group's petrochemical project stands out due to its integration of cutting-edge technology and an unwavering commitment to sustainability. The factory will harness state-of-the-art manufacturing processes, including energy-efficient reactors and advanced emission control systems, to minimize its environmental footprint. Specifically, Adani plans to implement a closed-loop system for water usage, significantly reducing water consumption and waste generation. Additionally, the project will utilize renewable energy sources, such as solar and wind power, to meet a substantial portion of its energy needs. This not only reduces the project's carbon footprint but also contributes to India's renewable energy goals. Adani's commitment to sustainability extends beyond the production process. The company plans to invest in research and development to explore the use of recycled materials in PVC production, further reducing the project's environmental impact and promoting a circular economy. By prioritizing sustainability at every stage of the project, from design and construction to operation and maintenance, Adani is setting a new benchmark for responsible manufacturing in the petrochemicals industry. This approach not only aligns with the growing global demand for eco-friendly products and practices but also positions Adani as a leader in sustainable development in India and beyond. https://lnkd.in/dpqprWQ6

Is India Ready to Lead the Electronics Manufacturing Revolution? India is on the brink of becoming a global leader in electronics manufacturing. However, a critical question remains: 🛑 Do we have the skilled manpower to fuel this growth? A recent article from the Economic Times highlights a significant skills gap in the industry and underscores the urgent need for strategic human resource planning and robust training programs. To achieve its growth ambitions, the industry requires over 6 million skilled workers in the next 18-24 months. This shortfall is currently impacting production, leading to delays and quality issues. 👉 Key points include: 1.Collaboration between industry and academia is essential to bridge this gap. 2.Upskilling the existing workforce and attracting talent from diverse backgrounds is crucial. 💥 Let us deep dive into a presentation summarizing the key findings of this article and providing further insights into the challenges and opportunities in this sector. Article Link : https://ecoti.in/oMXZ4b #ElectronicsManufacturing #TalentGap #IndiaJobs #Skills #Upskilling

🌾 Agri Exports Down 3% in Q1: Challenges and Insights The article from The Economic Times provides valuable insights into the recent decline in India's agricultural exports. Key Findings 📊 3% Decline in Agri Exports: India's agricultural exports fell by 3% in the first quarter of the year, primarily affecting products under The Agricultural and Processed Food Products Export Development Authority (APEDA). Red Sea Crisis: The ongoing Red Sea crisis has significantly impacted logistics, causing delays and disruptions in export routes. Freight and Container Shortages: Higher freight costs and a shortage of containers, exacerbated by issues between China and the US, have contributed to the decline in exports. Impact on Specific Commodities: Maize exports have seen a noticeable decline, and there are export controls on rice, which is a major export commodity for India. However, there is optimism about catching up in rice and cashew exports. Government Measures: In July 2023, the government prohibited the export of non-basmati white rice but allowed exports based on requests from other countries to meet their food security needs. Why It's Important 💡 Understanding these challenges is crucial for stakeholders in the agriculture and export sectors. Here's why: Strategic Planning: Exporters and policymakers need to be aware of these disruptions to strategize and mitigate risks effectively. This includes diversifying export markets and improving logistical frameworks. Economic Impact: The decline in exports affects the agricultural economy and farmers' livelihoods. Addressing these issues can help stabilize the market and ensure sustainable growth. Policy Advocacy: Highlighting these challenges can lead to better policies and international cooperation to resolve logistical bottlenecks and trade disputes. By shedding light on these critical issues, the article emphasizes the need for concerted efforts to enhance infrastructure, streamline logistics, and ensure robust policies to support agricultural exports. 🌾📈 Read the full article for more in-depth analysis and insights! (https://lnkd.in/dqqTaDnj) #AgriExports #Logistics #SupplyChain #EconomicImpact #PolicyAdvocacy #Agriculture

In international trade and exports, the supply chain plays a crucial role. Today, in my supply chain lecture, I learned about the extensive processes involved in exports and the importance of timely execution at each stage. As a resident of India and an operations student, I am pleased to share the Economic Survey report “Increase in India's share of global exports for both goods and services” Key observations from the survey include: 1. Increased Share in Global Exports: India’s share in global goods exports has risen to 1.8% in FY24 from an average of 1.7% during FY16-FY20, and its share in global services exports has grown to 4.3% in FY23 from an average of 3.3% during FY16-FY20. 2. Broad and Diversified Trade Relations: India’s extensive trade relationships with Asia, Europe, and the US are highlighted as a strength. This diversification helps the country navigate global disruptions more effectively, providing stability and opportunities for growth despite global challenges. 3. Improvement in Trade Openness: The trade openness indicator, which measures the ratio of trade (exports + imports) to GDP, has risen from 37.5 in FY05 to 45.9 in FY24. 4. Strategic Shipping Routes and Increased Costs: The survey notes the impact of disruptions in major shipping routes like the Panama Canal and the Suez Canal. Although these challenges have increased shipping costs, India's strategic position and diversified trade routes help mitigate some of the adverse effects. Link of Economic Survey: https://shorturl.at/kZZrO Ministry of Ports ,Shipping and Waterways. Government of India Thank for making us proud. #supplychain #operations #exports #internationaltrade #india