De-risking supply chains as a strategy gained momentum during the pandemic, and India was expected to profit from it. However, the gains have, at best, been limited so far.
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China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials. The survey showed that 59% of the respondents found it “somewhat risky” or “very risky” to source materials from China, compared with 39% for India. “Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. #supplychain #manager #china #india #risk #market #investment #strategy
China is 'risky' for supply chains and India a favored destination for U.S. firms, survey shows
cnbc.com
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China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials. The survey showed that 59% of the respondents found it “somewhat risky” or “very risky” to source materials from China, compared with 39% for India. “Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. #supplychain #manager #china #india #risk #market #investment #strategy
China is 'risky' for supply chains and India a favored destination for U.S. firms, survey shows
cnbc.com
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🌍 Supply Chain Growth: India vs. EU 🇮🇳🇪🇺 In the ever-evolving world of global supply chains, India and the European Union (EU) are two key players with unique dynamics. 🌐 India is on a journey to enhance its supply chain infrastructure, aiming to attract more investment and bolster its manufacturing sector with initiatives like "Make in India." 🏭📈 Meanwhile, the EU boasts a well-established and highly integrated supply chain network, thanks to a single market and strong international trade relationships. 🌟💼 Comparing their growth trajectories is fascinating, with various factors at play – trade policies, technology advancements, and economic shifts. 📊 Let's stay tuned for updates on how these regions shape the future of supply chains! 🚀🌏 #SupplyChain #India #EU #Manufacturing #GlobalTrade #EconomicTrends
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Asia-Pacific’s exports have been affected by a decrease in global demand in 2023. Entering the second half of 2023, factory activity in the region has slowed down due to uncertainties and increasing input costs, which are impacting the momentum. In 2023, The growth in total trade was weaker than in 2022. Inflation has decreased consumption in Europe and the US, and China's loss of economic momentum has led to slower manufacturing order books. If you want to learn about the hottest spots in the logistics sector, you can download our report: https://okt.to/Ebov8R #KnightFrankAPAC #APACHorizon #Logistics Alex Crane Cliff So Balbirsingh Khalsa Knight Frank India REPro Knight Frank
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$30 Billion That's the impact of the Red Sea crisis on India's export economy. During an interview with Bloomberg, Professor Sachin Chaturvedi, Director General of RIS, shared this estimated number. That's roughly 6% of the previous year's Export Revenue. UK, Europe, and the East Coast of the US are the ones that will face challenges with the supply chain from China and South Asia. The crisis will impact not only industries of India but also the manufacturers of Shangai, Ningbo, Guangzhou, and Shenzhen. Those who don't know - the root cause of the Red Sea crisis lies in the Palestinian-Israeli conflict. It's high time that Global Leaders unite and resolve these conflicts before the situation escalates. P.S. - I have started a weekly newsletter, and if you are interested in receiving insightful content on global trade, export-import dynamics, e-commerce trends, and strategic product sourcing - Please Subscribe. Link in the first comment. #GlobalTrade #israelgazaconflict #indiaexports #exportimport
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India’s factory growth slows in October due to elevated raw material costs and a slowdown in the global economy. Business conditions in the Indian manufacturing sector weakened for the second consecutive month in October due to reduced demand from both domestic and international consumers. Export demand was severely affected by unfavourable global economic conditions due to ongoing conflicts in the Middle East and Ukraine. Read full story here - https://shorturl.at/jw015 #Polymerupdate #PolymerNews #PlasticIndustryNews #PolymerProduction #Polymerindustries #PolymerTechnology
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- India’s goods exports have fared well, despite the turbulence in the overseas markets, including disruptions on account of geopolitical issues. - In fiscal 2024, India’s merchandise exports clocked $437.1bn, down a mere 3.1% from $451.1bn in fiscal 2023, despite all the challenges - This was largely in sync with global trade. Global merchandise exports declined 4.6% in 2023, similar to India’s 4.7% decline same period - India’s export performance was better than developing Asia, which saw merchandise exports decline 6.8% in 2023
India’s merchandise exports have navigated geopolitical tensions and global uncertainty well, aligning closely with global trade trends. Despite a 4.7% decline in 2023, in line with the global average, India maintained its 1.8% share in world exports, outperforming developing Asia's 6.8% decline. How is India staying steady in choppy waters? Gain comprehensive insights from the #latest #CRISILPerspective. Dharmakirti Joshi | Adhish Verma | Meera Mohan
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Beating the odds, exports from China rose 7.6% year-on-year to $302.35 billion in May this year. This was contrary to market expectations of a 6% growth; the acceleration was 1.5% from the previous month, a Reuters poll showed. The message is loud and clear — trade tensions or not, global buyers continue to favour Chinese goods despite the country’s economy facing headwinds and other nations talking of moderating their dependence on China. But it also drives home another message, and one that is not so sanguine: India has not benefited as much as was hoped from the China Plus One strategy. The "China Plus One" strategy, which encourages companies to diversify their supply chains beyond China, has seen various countries benefit significantly. However, India has not emerged as a top gainer from this strategy. Several factors contribute to this situation: 1. Infrastructure and Manufacturing Challenges India faces significant challenges in its infrastructure and manufacturing sectors. Despite efforts to improve, the country still lags behind other nations like Vietnam, Thailand, and Indonesia in providing a conducive environment for manufacturing. These countries have been more successful in attracting foreign direct investment (FDI) due to their more developed infrastructure and business-friendly policies. 2. Regulatory and Policy Environment India's regulatory and policy environment has been perceived as more protectionist compared to other developing countries. This has hindered its integration into global value chains (GVCs). India's hesitation in forging preferential trade agreements and participating in regional trading arrangements has also limited its attractiveness as an alternative to China. 3. Skilled Workforce and Technological Capabilities While India has a large and growing workforce, it often lacks the specific skills and technological capabilities that companies seek when diversifying their supply chains. Countries like Vietnam have focused on developing specialized labor markets and technological expertise, making them more attractive destinations for high-tech manufacturing and innovation. 4. Business Environment and Ease of Doing Business India's business environment, including issues related to land acquisition, power supply, and bureaucratic red tape, has been a deterrent for many multinational corporations. In contrast, countries like Vietnam and Thailand offer more streamlined processes and incentives for foreign businesses, making them more appealing for investment. https://lnkd.in/gjhPkT6h
Why India has not been a top gainer from China Plus One
economictimes.indiatimes.com
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India Shines as Global Growth Slows: Export Leadership Unveiled Read more at: https://bit.ly/471SHiF The data highlights India's strategic positioning in the global market, defying broader economic challenges. This leadership underscores the nation's growing influence in international trade, providing a bright spot in an otherwise dim global outlook. India’s export momentum is a testament to its robust economic strategies amidst a challenging global environment. #DSTDigital #DSTnews #DST #LogisticsUpdates #LogisticsIndustry #InternationalTrade #TradeNews #MaritimeNews #MaritimeIndustry #Economicgrowth #EconomicStrategies #ExportNews
Global Growth falls in July; India continues to lead Global export growth, says S&P Global - DST - Daily Shipping Times
https://dst.news
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India's Exports Face Decline Amid Global Slowdown! 🌐📉 Know more ↗ https://bit.ly/3FVdxDi Merchandise exports drop 8.8% to $211.4 billion for April–September, reflecting a cooling global economy. Concerns arise as India's share of exports to Asia decreases, emphasizing the need for diversification beyond the US and Europe. Experts like Radhika Pandey stress the importance of joining regional trade agreements to boost growth. Arun Kumar Garodia highlights the necessity for more free trade agreements to overcome headwinds. Despite challenges, recent agreements with the UAE and Australia show promise for increased exports. #IndianExports #ExportImport #GlobalTrade #ShippingNews #FreightServices #clearinghouse #FreightForwarding #portnews #MaritimeShipping #FTA #Tradenews #TradePolicy #ExportGrowth #GlobalExports #DST #DailyShippingTimes #DSTdaily
Asia’s share in India’s exports is falling - DST - Daily Shipping Times
https://dst.news
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