One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Lenovo Group reported a significant setback in its financial performance for the third quarter ending September, with a 16 per cent fall in revenue totaling USD 14.41 billion compared to the same period last year. This is the fifth consecutive quarter of declining sales for the company, as it grapples with the lingering effects of […]
India’s overall exports, merchandise and services combined, in October are estimated to be USD 62.26 billion, exhibiting a positive growth of 9.43 per cent on a yearly basis, official data released on Wednesday showed. Major contributors to export growth in October 2023 include drugs and pharmaceuticals, engineering goods, electronic goods, cotton yarn/fabs/made-ups, handloom products, iron […]
Consumer products and retail (CPR) companies are diversifying and localizing their supply chain networks to deal with last-mile delivery challenges and quick commerce expectations and to prevent stockouts during the busy holiday season. According to Capgemini Research Institute’s latest report, nearly 8 out of 10 (79 per cent) CPR organizations today are diversifying their supplier […]
India needs to improve access to finance for micro, small and medium enterprises (MSMEs), reduce trade barriers by lowering tariffs and negotiate more trade agreements to boost its position in the global supply chain, said Kalyan Basu, Managing Director (MD) and Chief Executive Director (CEO), Vayana TradeXchange in an interview with BW Businessworld. Notably, MSMEs […]
Ecommerce giant Flipkart on Sunday said that its 10th edition of “The Big Billion Days” sale garnered 1.4 billion customer visits during the early access and the first seven days of the festive sales. The company said it extended its services to remote regions of the country this year, ensuring that customers in Andaman, Hayuliang […]
Greaves Retail, the retail unit of Greaves Cotton, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital, a DataTech NBFC focused on MSME lending on Thursday announced its partnership to offer financing to dealers. Under this collaboration, UGRO Capital will offer an array of comprehensive […]
Herbalife, a global nutrition brand is close to completing 25 years of operations in India, Ajay Khanna, Senior Vice President and Managing Director, Herbalife shared exclusive insights with BW Retail World about the company’s unique challenges and strategic initiatives for the Indian market. “In response to the pandemic, we onboarded multiple new suppliers to assist […]
Pilgrim, a direct-to-customer (D2C) personal care brand, has announced the expansion of leadership with the appointment of two new team members to accelerate omnichannel strategy and footprint in the brick-and-mortar model. Anirudh Likhite has been appointed as Vice President-Supply Chain and Procurement and Nilesh Kambli as the Senior Vice President-Customer Experience. In their new role, […]
Amazon on Thursday announced a series of strategic initiatives at the fourth edition of the Amazon Smbhav Summit in New Delhi. The event brought together policy makers, industry leaders, startups, and Amazon executives to discuss ways to unlock the potential of a Digital India. Amazon’s initiatives are in line with its commitment to India’s growth […]
