The Corporate Dinner held on November 29 in Pune enabled rich conversations and meaningful industry–student networking.  Chain Act’25 is designed to bring a dynamic blend of learning, interaction, and industry exposure through its strong focus on student engagement in presentations, where participants will showcase their ideas, insights, and strategic thinking. Adding to this, Chain Act’25 hosted interactive workshops aligned with the latest real-world trends shaping the global supply chain and operations industry, bringing diverse expert panels and minds in one frame. With the theme “SMART Supply Chain,” the event aims to highlight the future of intelligent, tech-driven supply chain systems, making Chain Act’25 a powerful platform for innovation, learning, and industry-academia collaboration.

The event witnessed active participation from 350+ attendees, 60 delegates, and 40+ across global companies, Indian and international MNCs across diverse industries, including logistics, manufacturing, FMCG, consulting, automotive, and technology. Keynote speakers Joyjeet Bose, CEO & Senior Industry Leader, and Divya Seethapathy, Director – Global Supply Chain, opened the dialogue with forward-looking perspectives on the rise of intelligent and resilient supply chain ecosystems.

Reflecting on the future of the industry, Sundareswaran Sivaramakrishnan, COO – Director of Operations from Kinetic Green, emphasized, “Supply chain is the art of delivering the right product at the right cost, at the right time and place. And through this journey, students are shaped into leaders who communicate with clarity, collaborate with purpose, and execute with precision, preparing them to lead with impact in the real world.” Sharing his perspective on global operations, Mr. Subodh Nagarsekar, Vice President Procurement & Supply Chain from Rentokil Initial, added, “Supply chain is in everything, the bridge that connects suppliers to customers, turning ideas into delivery. Students come with enthusiasm and strong theoretical knowledge, but they need real industry exposure to transform understanding into expertise. When they interact with industry leaders, they gain practical insight and true qualification in the supply chain. And through these conversations, both the institute and students benefit, learning directly from the people who drive the industry forward.”

Chain Act 2025 featured speakers and top leaders from distinguished corporate backgrounds and influential positions, including Subodh Nagarsekar from Rentokil Initial; Sandeep Chatterjee from INFOLOB; Sundareswaran Sivaramakrishnan from Kinetic Green; Ms. Ashu Gupta from Koye Pharma; Venkateswara Rao from APAR Industries; Avinash Gupta from Solar Industries India Ltd.; Joyjeet Bose from JB Newgen Enterprises Private Limited; Sandeep Bhargava from Sandeepika Consulting; Mahesh Gupta from DS Group; Nitu Singh from BVC Logistics; Sachin Garg from Kimberly-Clark; Pranay Moon from RKFoodland; Milind Gupta from Satya Retail; Mr. Sarvesh K. from Givaudan; Shammi Dua from Kearney; Ashwini Kumar Tripathi from 20Cube Logistics; Divya Seethapathy from Schneider Electric; Jyotirmay Halder from Balmer Lawrie; Vishal Khaitan from Somchem; Pratyush Kadam from Evonik India Pvt. Ltd.; Milind Shinde from Avvashya CCI (Allcargo); Dr. Arun Giri from Calderys India; Pravin Rajput from Kaya Limited; Rakesh Ranjan Srivastava from Cummins Inc.; Shyam Ozarkar from Fuji Electric India, and Priyanka Shivan from Clariant IGL Specialty Chemicals Pvt. Ltd.

The event’s Media Sponsors were Outlook and CargoConnect, along with All Waters, Shri Balu Manjre, Rakesh Rawat, Santlal Paswan (Furniture), Amul, Balaji, Trupti Enterprises, Om Sai Enterprises, Matoshree, Sandhya Enterprises, Bhawani Enterprises, Shree Sai Decoraters, Halady Catering Services, ECRS Cabs, Black Orange, Rtek, RETC, Balaji Marble and Tiles, and Vaishnavi Air cool as our sponsors, whose support played a key role in making HR Share 2025 a grand success.

The conversations at Chain Act 2025 revolved around building SMART and future-ready supply chains through a series of thought-provoking sub-themes. Leaders emphasized value creation in the supply chain through integrated procurement, highlighting how strategic supplier partnerships and data-driven decision-making can unlock efficiency and cost advantage. The discussions explored multi-modal strategy design for shared success, enabling seamless transport flow and reduced logistical bottlenecks. Agile replenishment and inventory optimization were identified as critical to ensuring the right stock at the right time, minimizing disruptions, and enhancing service levels. Speakers also examined how the shift from tariff-based frameworks to modern tax structures is shaping resilience across global networks. With technology transforming operations, experts stressed the need for tech-driven supply chains to advance process excellence and ensure business continuity. The event reinforced that true value creation lies in operational excellence powered by collaboration, innovation, and continuous improvement.

ISB&M continues to nurture leaders who are well-equipped to meet the ever-evolving demands of the global industry. With a robust alumni network of over 12,000+ professionals spread across 46+ countries, ISB&M graduates hold key positions in leading multinational corporations across sectors such as consulting, IT, BFSI, FMCG, media, and manufacturing. This strong and dynamic community of achievers stands as a testament to the institution’s legacy of excellence and transformative learning. Through its holistic pedagogy, corporate-driven curriculum, and continuous industry engagement, ISB&M ensures that students are not only academically proficient but also industry-ready, agile, and innovative in addressing real-world business challenges. Events like the Chain Act 2025 further exemplify ISB&M’s commitment to bridging academia and industry, creating a vibrant ecosystem where knowledge meets opportunity and leadership meets purpose.

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MUMBAI: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated unaudited financial results for the quarter ended 30^th June 2024. The company continued its profit momentum and reported a net profit of Rs. 7.5 Cr in Q1 FY 25 as against a loss of Rs. 51.2 Cr in Q1 FY 24. Its consolidated revenue grew by 10.9% to Rs. 2,539.4 Cr as against Rs. 2,288.9 Cr in Q1 FY 24.

The summary of the financial performance of the two operating segments viz., Integrated Supply Chain Solutions (“ISCS”) segment and Network Solutions (“NS”) segment are provided along with the summary of the consolidated financial performance.

Integrated Supply Chain Solutions (“ISCS”) Segment:

ISCS segment posted a quarterly revenue of Rs. 1,425.9 Cr as against Rs. 1,318.9 Cr in the same quarter the previous year, continuing its growth trajectory with an 8.1% growth YoY. This growth was driven by a combination of new customer additions, encirclement (additional wallet share with existing customers), and continued diversification of the customer base.

Network Solutions (“NS”) Segment:

NS segment reported quarterly revenue of Rs. 1,113.5 Cr, as against Rs. 970.0 Cr in the same quarter the previous year marking a 14.8% growth on a Y-o-Y basis. The growth was driven by a volume surge in the ocean freight business.

Summary of consolidated financial performance:

For Q1 FY 25, on a consolidated basis, the revenue stood at Rs. 2,539.4 Cr as against Rs. 2,288.9 Cr. in the same quarter last year reflecting 10.9% growth on a Y-o-Y basis. Continued growth momentum in the ISCS segment and improved macroeconomic situation in the NS segment helped achieve this topline growth.

Commenting on the Q1 FY25 performance, Ravi Viswanathan, Managing Director, said, “We had a strong first quarter, driven by topline growth in both our ISCS and NS segments. The ISCS segment continues to lead our performance supported by significant volume improvements in the NS segment. Our customers recognize our supply chain transformation capabilities, tech-led solutions, and the ability to deploy AI-driven solutions resulting in our participation in more large deals.”

He further added, “We see a significant growth opportunity in India following the recent budget announcement, which has provided a strong impetus for the manufacturing sector. This development is expected to open up more outsourcing opportunities for supply chain players like TVS SCS.”

Commenting on the Q1 results, Ravi Prakash Bhagavathula, Global CFO, said, “Investments in process automation and productivity initiatives have driven improvement in operating margins. This combined with effective debt management has led to PBT improvements for the last four quarters. Our robust order pipeline combined with our focus on operational efficiencies give us the confidence to sustain this growth momentum in the upcoming quarters.”

During the quarter, the company made significant strides by securing key new business wins, including partnerships with global OEMs in the commercial vehicle sector in both India and Singapore. Among the notable achievements, the company received ‘Partner Level Supplier’ recognition from a U.S.-based global farm equipment manufacturer. Additionally, a strategic collaboration with a leading UK-based university was established to drive innovation in artificial intelligence. The company also demonstrated its operational prowess by successfully delivering 500,000 Completely Knocked Down (CKD) kits to a major Indian two-wheeler manufacturer.

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CHENNAI: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers headquartered in India, announced a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore.

This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world’s largest manufacturer of commercial vehicles, reinforcing the organization’s commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region. Daimler Truck South East Asia conducted a thorough evaluation process before awarding TVS SCS with the opportunity to provide these new services.

“The scope and prestige of this partnership reflect the trust placed in TVS SCS to manage critical supply chain operations”, says Vittorio Favati, CEO of TVS SCS Global Forwarding Solutions.

The collaboration between TVS SCS and Daimler Truck South East Asia aims to address critical operational objectives:

• Establish a robust logistics solution for distributing spare parts and related items.
• Streamline supply chain operations, servicing Daimler Truck South East Asia’s distributor network, dealers, and workshops in 16 countries in the Asia-Pacific region from its strategic logistics center in Singapore.
• Efficient management of 8,000 SKUs and 65,000 order lines annually, accommodating a diverse range of parts with varying storage requirements.
• Ensure smooth transportation across multiple modes, including air, Full Container Load (FCL), Less than Container Load (LCL), and road transportation, coupled with customs clearance and Dangerous Goods (DG) declarations.
• TVS SCS is delivering a customized IT solution suite, centered on a bespoke online platform that provides inventory visibility and ordering to Daimler Truck Parts Centre (DTPC) Southeast Asia customers. The IT solution also provides DTPC SEA with an integrated capability for inventory management, parts replenishment ordering, parts pricing, invoicing, and data analytics.

Favati emphasized TVS SCS’s delight for the new contract win: “We are thrilled about the opportunity to deepen our partnership with Daimler Truck AG and assist with their strategic goals, particularly the distribution and warehousing solutions in Singapore. The long-standing relationship between Daimler and TVS SCS is a testament to both companies sharing a commitment to operational excellence and innovation.”

Christoph Stemmer, Vice President of Customer Services & Parts, Mercedes-Benz Bus and Special Truck Sales SEA: “We are thrilled to move into a dedicated commercial vehicles warehouse and by doing so, to focus entirely on the needs of our Daimler Truck customers in the region. TVS SCS has been chosen as our logistics partner due to their unique service offer and performance as a dedicated and passionate warehouse and logistics provider. We are looking forward to a successful collaboration.”

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MUMBAI: Vivriti Capital, a leading provider of innovative lending solutions to mid-market enterprises in the country, has announced a significant supply chain finance deal with Source.One (SPCX Pvt Ltd) of INR 40 Crore. Source One provides a tech-enabled solution to all plastic manufacturers for a seamless and transparent polymer procurement experience. The deal, finalized today, aims to fuel the growth and operational efficiency of Source.One.

Vivriti Capital’s supply chain finance solution is expected to aid Source.One in the smooth delivery of tech-enabled trade of polymer. This will further ensure overall liquidity in Source.One system so that it can function efficiently to support all the vendor networks across India, which comprises a user base of 6000+ buyers and 300+ suppliers.

Rohit Sinha, Head of Supply Chain Finance at Vivriti Capital said: “Vivriti Capital’s partnership with Source.One signifies the innovative liquidity solutions we offer to mid-market enterprises with differentiated requirements, specifically curated to ease supply chain financing needs. By offering high-ticket exposure, we’ve ensured that Source.One receives the necessary growth capital at the right time. Our solution has effectively injected liquidity throughout the entire polymer trade supply chain. This collaboration underscores our commitment to empowering businesses with innovative financing options, driving growth, and facilitating seamless operations.”

Source. One purchases the polymers from its suppliers and immediately dispatches the same to its buyers. The lead time to supply the material to the buyer is ~ 2 days. In this process, to ensure a seamless connection with its vendors, it is imperative to maintain the smooth and efficient functioning of Source.One. Identifying this critical need, Vivriti Capital’s sales and vendor factoring solution in supply chain finance can provide a running and dynamic credit facility without any debt on the balance sheet. This also ensures an easy-to-operate solution to mid-market sellers and buyers of polymer through Source.One with major customers from Gujarat, Maharashtra, Daman and Diu, Rajasthan, Haryana, and Madhya Pradesh.

In the words of Source.One’s CEO, Arun Singhal, “Supply Chain Financing will be an important part of our growth strategy going forward. The partnership with Vivriti marks the beginning of something big, exciting and challenging. This partnership will help us further ease the buying process for 1000s of plastic processors”.

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NEW DELHI: Walmart today announced that its supplier development program, Walmart Vriddhi, has achieved its goal of empowering more than 50,000 MSMEs over five years. Launched in December 2019, the program provides free training, mentoring, and digital tools to help businesses grow, scale, and integrate into domestic supply chains. The program reached this milestone well ahead of schedule.

The program, together with Walmart’s program partner, Swasti, offers local suppliers the chance to access training, mentoring, and business advice while tapping into Flipkart’s platform expertise. The digital training provided to MSMEs covers crucial aspects of business management such as finance, marketing, workforce management, and environmental sustainability. This empowers entrepreneurs to establish successful and sustainable business models while contributing to employment opportunities in local communities.

The program is accessible across India and has played a pivotal role in connecting MSMEs in key centers such as Moradabad and Agra (Uttar Pradesh), Panipat (Haryana), Bhopal (Madhya Pradesh), Surat (Gujarat), Guwahati (Assam), and Tirupur (Tamil Nadu). This connection with consumers nationwide is also achieved through collaborations with the respective state governments. The Walmart Vriddhi graduates who have already been integrated into the Flipkart Marketplace, have witnessed approximately 55% growth Y-o-Y.

Jason Fremstad, Senior Vice President, Supplier Development, at Walmart, said, “Empowering MSMEs is at the heart of Walmart’s commitment to fostering inclusive economic growth. I commend the 50,000+ Walmart Vriddhi graduates for their unwavering dedication to the initiative. The rapid growth they have achieved stands as a testament to the program’s robust curriculum, effective delivery, and the valuable partnerships forged at every step. We eagerly anticipate these businesses reinvesting in their communities, generating new jobs, stimulating local value chains and economies, and acting as catalysts in India’s burgeoning economy.”

Rakesh Krishnan, Vice President and Head of Marketplace at Flipkart said, “Flipkart’s mission is to create opportunities for sellers to thrive in the digital age. The Walmart Vriddhi program has significantly enhanced Flipkart’s capacity to serve as a preferred platform. It has enabled first-time sellers to establish connections and reach buyers across the country, democratizing eCommerce on a large scale and setting off a chain reaction that contributes to more livelihoods and greater prosperity.“

Joseph Julian, Program Director, Swasti said, “Swasti is honored to be a partner in digitizing and empowering over 50,000 MSMEs through the Walmart Vriddhi program. The program underscores the vital importance of comprehensive support systems for entrepreneurs. We are proud to contribute to this significant endeavor and committed to supporting MSMEs through our unique learning modules that are designed to equip them with essential skills for sustainable growth in today’s business landscape.”

Shri Narayan Rane, Minister of Micro, Small and Medium Enterprises of India, said, “As India advances towards achieving a $5 trillion economy, a substantial portion of this growth will be driven by a competitive and productive MSME sector, catalyzing economic expansion and job creation. The government actively supports the promotion and development of the MSME sector across all states.” He further added, “Initiatives like the Walmart Vriddhi program play a pivotal role in facilitating the digital transformation and growth of MSMEs. I extend my congratulations to the Walmart and Flipkart team for providing over 50,000 Vriddhi graduates with the opportunity to unlock market opportunities.”

The following success stories of a few Walmart Vriddhi graduates exemplify the program’s role in scaling their businesses and achieving success:

Ishita Jolly, Business Development Manager, (manufactures high-quality aluminum foil and butter paper), New Delhi said, “Established in 2008 as a traditional family business, Europhil adapted to the rise in online shopping post-COVID-19. Our digital journey reached a turning point with the transformative partnership with Walmart Vriddhi in 2023. The program provided crucial insights into online business strategies, enhancing our presence on platforms like Flipkart. This knowledge led to a remarkable 15% revenue growth, showcasing the significant impact of the Walmart Vriddhi association on our business.”

Vikalp Maithil: Co-founder, of Pavika Organics (Cold pressed oils), Bhopal, Madhya Pradesh said, “Our venture, Pavika Organics, found its true potential with the Walmart Vriddhi program. Joining in April 2022, we experienced a dramatic 40% increase in sales, largely attributed to the program’s mentorship. It guided us in areas like marketing, finance, and brand value. The highlight was onboarding onto Flipkart, which expanded our reach beyond Madhya Pradesh and led to a tenfold sales increase in 2023. The program not only facilitated business growth but also empowered us to navigate the eCommerce landscape effectively.” 

Prerna Agarwal: Founder, of Samakhya Sustainable Alternatives (Handcrafted lifestyle products), Bikaner, Rajasthan said, “Embarking on the Walmart Vriddhi program in 2023 was a transformative step for Samakhya. The program’s holistic mentorship enabled me to refine our business strategies and train my team effectively. It helped articulate the unique standpoints of our two brands and enhanced our operational efficiency. The emphasis on rural visibility and supply chain improvements was invaluable. Notably, the journey from zero to significant sales figures on platforms like Flipkart, and the expansion of our network to include over 3000 artisans and farmers, are testaments to the program’s effectiveness in propelling Samakhya’s growth and impact in social entrepreneurship.” 

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The ISCS segment continued to deliver double-digit growth, consistent with its performance in the earlier quarter. Q2 revenue grew 13.5% YoY to INR 1,269.5 Cr, driven by expansion in existing customer engagements and revenues from new business development across India, the UK, and Europe. New business wins in Q2 FY24 included a contract with a large Indian IT services provider, an industrial manufacturing company in India, a consumer goods business in the UK, and a shipbuilding company in India. Strong execution delivered healthy margins with Q2 Adj. EBITDA margins expanding 240 bps YoY to 10.2%.

The Network Solutions (NS) segment showed the resumption of growth as revenue grew 2.4% sequentially over Q1 FY24. This was driven by growth in the Integrated Final Mile (IFM) business and sequential volume improvements in the Global Forwarding Solutions (GFS) business. In the IFM business, the implementation of pricing, cost containment, and operational efficiency initiatives has started delivering early margin improvement. The discontinuation and sale of Circle Express by the IFM business was an important strategic intervention in this regard. This sale is expected to drive a larger focus on the core business and margin expansion in the forthcoming quarters.

The NS Segment Adj. EBITDA margins expanded 30 bps QoQ to 4.9% on the back of revenue growth and benefits of operational initiatives & cost management. On a half-yearly basis, the overhang of the low freight rates continued to impact the NS Segment with revenues 36.3% lower YoY from INR 3,083.0 Cr in H1 FY23 to INR 1,963.5 Cr in H1 FY24.

Commenting on the performance, Mr. Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd. said, “We continue to see robust demand for supply chain solutions across industry sectors and geographies. Our new opportunity pipeline is strong, and we expect new business to continue to deliver. We are confident that our global presence, diversified revenue base, and operational excellence will drive performance.“

Commenting on the performance, Mr. Ravi Prakash Bhagavathula, Global CFO, of TVS Supply Chain Solutions Ltd. said, “We continue to focus on profitable growth and are implementing specific actions aimed at operational improvements. In Q2, we exited Circle Express, one of our businesses in the NS Segment, which will strengthen our focus on our core capabilities and also have a positive impact on profitability. The Adj. EBITDA margin expansion in the NS segment is an early outcome of these actions. We have utilized the proceeds from the IPO to reduce our borrowings as a result of which our interest costs were reduced in Q2, the full benefit of which will start flowing through starting Q3.”

TVS Supply Chain Solutions Limited is an India-based multinational company that pioneered the development of the supply chain solutions market in India. For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. The company’s customers span numerous industries such as automotive, industrial, consumer, tech, and tech infra, rail and utilities, and healthcare.

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Krishnan Ramanujam, Business Group Head, Retail, CPG and Travel, TCS, said, “TCS helps clients build resilient, digitally-enabled, purpose-led, and future-fit supply chains that can respond to changing business demands and deliver superior customer experience. Our consulting-led collaborative approach, innovation, and investments in developing industry-leading solutions are helping our clients optimize their supply chains, improve sustainability, and drive growth.“

TCS offers a comprehensive range of supply chain services across planning, order management, inventory management, sourcing and procurement, aftermarket services, and sustainability. TCS’ expertise in these areas, coupled with its strong consulting-led technology capabilities and deep industry expertise, has enabled the company to deliver innovative and effective solutions to its clients across industries.

TCS’ services and solutions cover the end-to-end demand-supply value chain and leverage AI, ML, machine vision, and robotics to transform supply chain operations across plants, warehouses, transportation, distribution, and sorting centers. These are being adopted by customers across manufacturing, transportation, logistics, consumer products and goods, automotive, aerospace, energy, utilities, healthcare, life science, and hi-tech industries.

TCS has been investing heavily in developing its new supply chain capabilities, including investments in AI and machine learning, robotics, blockchain, and sustainability. These investments are helping TCS stay at the forefront of supply chain innovation and provide its clients with the most advanced solutions to enable resilient and responsible supply chains.

The report also highlighted TCS’ key solutions, including TCS EnvirozoneTM, TCS OptumeraTM Self-learning Supply Chain, Ecosystem commerce solution, and TCS DigiFleetTM. These solutions are powered by an IoT and AI-ML engine, providing contextual and situational insights on fleet and supply chain operations by analyzing real-time data from a heterogeneous ecosystem.

Ashish Chaturvedi, Practice Leader, HFS Research, said, “TCS has one of the most comprehensive supply chain services portfolios with a platform-based, partner-oriented, and industry-context-driven approach. TCS’ extensive partner network, high focus on automation, and specialized sustainability offerings give it an edge in the supply chain space.“

TCS has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive-powered, portfolio of business, technology, and engineering services and solutions is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.

TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index.

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Qlik analytics has enabled Hitachi Omika Works to analyze and draw insights from data, enabling better risk analysis while eliminating ambiguity for faster decision-making across its organization. The solution provided by Hitachi Social Information Services (Hitachi SIS) has made Excel-based work more efficient and has adopted Qlik as its analytics tool. Qlik unifies and analyzes data on the fluid status of suppliers, ensuring processes in the supply chain are easily visible.

As a result, related departments across Hitachi Omika Works have reduced the man-hours required to confirm delivery dates with suppliers by up to 33% since the introduction of Qlik, improving overall efficiency by simply working from a single source of truth. This has empowered the teams to speed up and streamline operations and take more specific actions when required, including broadening the scope of data utilization and aiming to conduct dynamic data analysis in the future through data mining and text mining.

“At Hitachi Omika Works, the most important to us is to have fast access to accurate data. Qlik has enabled us to visualize information, which ensures decision-making is easier. Qlik is the solution to our supply chain data needs,” said Atsumi Furukawa, Supply Chain Management Center, General Manager, Omika Works, Connective Industries Division, Hitachi, Ltd.

Hiroshi Imai, Country Manager, Qlik Japan, said, “We are honored to be supporting the Hitachi Omika Works team. In choosing Qlik, Hitachi is meeting their complex data analytics requirements, supporting risk analysis and enabling timely decision making. It’s vital Qlik delivers tangible business benefits to our customers and in this case, it’s the meaningful operational improvements we’re achieving together.“

Qlik, with the recent addition of Talend, delivers an industry-leading portfolio of solutions for data integration, data quality, and analytics. With more than 40,000 active customers in over 100 countries, Qlik’s solutions work with virtually any data source, target, architecture, or methodology, to ensure customers have the data they need, whenever they need it.

In conclusion, Hitachi Omika Works’ adoption of Qlik analytics with additional services has enabled the division to streamline its supply chain operations, reducing the man-hours required to confirm delivery dates with suppliers by up to 33%. The move has empowered the teams to speed up and streamline operations and take more specific actions when required, including broadening the scope of data utilization and aiming to conduct dynamic data analysis in the future through data mining and text mining.

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The report evaluates the potential of individual Asian economies to accommodate supply chain relocation based on a group of fundamental factors. It concludes that no single economy can match the scale, size, and competitiveness of China’s onshore supply chain network. However, Vietnam and India have emerged as the two key destinations that score highly on aggregate across multiple dimensions.

Vietnam has successfully ridden the initial relocation wave, thanks to its pre-existing domestic production networks and supply chain connections with China. However, the country’s relatively small-scale infrastructure and gaps within it may hamper its growth in this area.

India, on the other hand, is better placed in terms of size to match China’s edge in low-cost, large-scale manufacturing. The country’s policy reforms and improving macro stability are clear advantages, even though it is disadvantaged by high logistics costs, low labor productivity, and regulatory impediments.

The report also highlights Malaysia’s competitive position in the semiconductor industry, as well as Indonesia and Thailand’s emerging credentials in the electric vehicle (EV) supply chain.

In terms of growth implications, the report suggests that if the China+1 supply chain shifts continue and India benefits from the government’s reform agenda and increased FDI, the country could move towards 6.25-6.75% YoY growth by 2030 in an upside scenario and towards 6.75-7.25% YoY under a blue-sky scenario. The boost to direct job creation could be 1-4 million per annum, with a similar indirect impact as well.

Vietnam, which has been growing as a stable manufacturing hub, is expected to benefit from continued supply chain relocation, helping the country achieve its development goal of 7.0% annual GDP growth for 2021-30.

Market implications suggest that Indian and Thai equities appear to have priced in much stronger medium-term growth than pre-trade-war levels, with some of this increase potentially explained by manufacturing opportunities being priced in. Specific sectors that have derated versus pre-trade-war levels, such as industrials in India, Indonesia, and Vietnam, materials in India and Malaysia, and the consumer sector in India, suggest there is room for upside from this theme.

Tanvee Gupta Jain, Indian Economist at UBS Securities interestingly noted, India’s GDP growth while a favorable base effect should help accelerate India’s real GDP growth to around 7.5-8% YoY in the June 2023 quarter, we expect the growth trend to soften over the remaining quarters towards 5-6% YoY. For the full year, we maintain our base case that India’s real GDP growth will decelerate to 6.2% YoY (from 7.2% YoY last year). This compares to the consensus expectation of 6.1% YoY and the RBI’s forecast of 6.5% YoY. We anticipate sequential normalization in household consumption growth to continue as purchasing power is impacted by tight monetary policy and the depletion of accumulated pandemic savings. Capex growth has largely held up on higher government capex and demand for residential real estate holding up. However, the pick-up in private corporate capex remains gradual. Our strategy team analysis indicates that the bulk of capex spenders historically are hinting at lower capex in the near term/FY24. Finally, the Goods trade deficit beginning to widen, and the services trade surplus moderating.

On Asia’s supply chain, We think India has an absolute advantage in terms of population size and demographic structure. India’s demographics cut both ways in a positive sense – providing both a large, low-cost labor force and a sizeable domestic market to absorb manufacturing output. However, India is starting from a low base with its share of manufacturing in GDP remaining largely stagnant at roughly 15% over the past decade (versus a 28% share for China). Going forward, we believe India has the potential to emerge as a beneficiary of the China+1 strategy in the medium to long term. The manufacturing wages in India are still amongst the lowest in Asia. In addition, Indian policymakers have made significant strides in developing the country’s business environment in recent years, lowering the corporate tax rate and other policy initiatives (in the form of both incentives and reforms) to boost manufacturing. On the downside, India is significantly disadvantaged by higher logistics costs, low labor productivity, and regulatory impediments.

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INDIA: Vitesco Technologies, a leading international manufacturer of modern drive technologies and electrification solutions, has secured strategically important capacities in energy-efficient silicon carbide power semiconductors through a long-term supply partnership with ROHM – worth over one billion US dollars until 2030. The development partnership with the manufacturer ROHM, which began in 2020, created the basis for the supply partnership now signed in Regensburg. Vitesco Technologies’ advanced inverters with integrated ROHM SiC chips will be adopted by two customers, to be applied inside electric vehicle powertrains. Vitesco Technologies will start supplying a first series project as early as 2024. The company is thus even ahead of the originally targeted timeline.

SiC devices enable the design of particularly efficient power electronics, such as those needed for electric car inverters. SiC chips are a key technology, particularly for high voltages and for vehicles with demanding range targets and optimum overall efficiency. During the existing development partnership with ROHM the relevant SiC chips were further optimized for use in automotive inverters starting in 2024.

“The supply partnership agreement with ROHM is an important building block for securing Vitesco Technologies’ SiC capacities in the years ahead,” said Andreas Wolf, CEO of Vitesco Technologies, at the signing ceremony in Regensburg. “We have had a very good experience in our development cooperation so far and are now looking forward not only to continuing it but also to intensifying it further,” adds Wolf.

“In the high-growth automotive market, SiC is a pathfinder for higher efficiency. With an expected higher market share of more than 30 percent, we are strongly positioned here and have gained a strategic partner in Vitesco Technologies for further market penetration,” said Dr. Kazuhide Ino, Member of the Board, Managing Executive Officer and CFO of ROHM Co. Ltd. at the signing ceremony.

Small cause – big effect

Silicon carbide belongs to the so-called wide bandgap semiconductors, whose wide bandgap (simplified: the energy gap between the non-conductive state and the conductive state of the electrons in the material) enables lower electrical resistance, fast and low loss switching chips for power electronics. At the same time, SiC chips are more thermally resistant, so the power density of electronics can be increased.

Thanks to these features, SiC electronics have reduced conversion losses compared to conventional silicon (Si). Especially at high voltage levels such as 800 V, SiC inverters are more efficient than Si models. Since 800 V is the prerequisite for fast and thus convenient high-voltage charging, SiC devices are at the beginning of a worldwide boom. Reduced conversion losses in the inverter are also significant for the overall efficiency of electric driving and thus for range. Competition for sufficient capacities in components made of this high-tech material is correspondingly fierce.

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