Reality Check?
Greetings Readers! ????
Our supply chains are continuously evolving ?? and every day we find ourselves at the forefront of exciting developments ?? that shape the future of trade and logistics. We aim to ultimately bring to you a collection of news pieces and articles ?? that justify the aforesaid perception of the supply chain ecosystem.
In a remarkable feat, the government's relentless efforts to promote cargo movement through inland waterways have yielded a 700% surge in the past decade. The greenest mode of transportation has seen a substantial increase, with freight transported by waterways reaching an impressive 126 million tonnes (MTs) in the fiscal year 2022-23, a substantial leap from 18 MT in 2013-14.
The collaboration has already implemented two multi-modal shipping bridges, connecting Singapore to North America and India to North America, aiming to cut Scope 3 carbon emissions from air freight. Schneider Electric plans to establish a total of eight global multi-modal bridges, leveraging a combination of air and sea transport to potentially reduce carbon emissions by up to 40%.
According to the 2024 Agility Emerging Markets Logistics Index, half of the 830 surveyed industry professionals anticipate a global recession in the upcoming year, marking a decrease from the nearly 70% reported a year ago. Furthermore, over 63% of respondents reveal ongoing efforts within their companies to revamp supply chains by diversifying production across multiple locations or relocating it to domestic markets and neighboring countries.
India has climbed to the 38th position out of 139 countries in the World Bank's Logistics Performance Index Report (2023), showcasing an improvement of six places since 2018 and sixteen places since 2014. An Inter-Ministerial team, composed of Stakeholder Ministries/Departments, is actively engaged in targeted action plans to enhance logistics performance across six parameters: Customs, Infrastructure, Ease of arranging shipments, Quality of logistics services, Tracking and Tracing, and Timeliness.
This strategic allocation bolsters India's maritime security posture, empowering the Indian Navy to assume a pivotal role as a vital security provider amidst escalating tensions in the Red Sea and western Indian Ocean. The logistical capabilities of the Port of Duqm significantly enhance India's capacity for maritime cooperation, enabling efficient and rapid response during humanitarian crises.
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The majority of beneficiaries under India's Production-Linked Incentive (PLI) scheme have identified Chinese companies as key contributors to their supply chains, according to a Business Standard report. Leading players in the renewable energy sector, including Reliance New Energy Solar, Tata Power, ReNew Solar, Avaada Electro, and Waaree Energies, have listed Chinese vendors as significant suppliers.
The global live export of animals has drawn increasing attention due to mounting concerns regarding animal welfare, prompting a demand for enhanced regulatory frameworks. This practice, characterized by the transportation of animals across extensive distances, often to regions with lax welfare standards, has raised significant ethical and welfare dilemmas.
Five road and railway infrastructure projects have received recommendations for approval under the PM GatiShakti initiative, as announced by the MoCI. These projects underwent assessment in the 65th Network Planning Group (NPG) meeting.?The evaluated projects encompass highway developments in Goa, Meghalaya, and Assam; the construction of a rail-over-rail bulb line in Bihar; and urban metro transit projects in Bengaluru and Delhi/NCR.
India is gearing up to introduce stringent standard operating protocols (SOPs) to govern the approval process for new ports, aimed at ensuring a regulated expansion of the maritime sector. According to a senior government official, these measures are designed to prioritize the full utilization of existing ports before sanctioning new ones, safeguarding investments made in port infrastructure.
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