Since suppliers would have already set their manufacturing plans based on forecasts/schedules shared by OEMs, their ability to respond promptly to OEMs’ daily changes is limited. New Delhi: JIT was conceptualized by Toyota to enable firms to respond quickly to market demand and facilitate a smoother flow of inventory (protected from the bullwhip effect, which… Continue reading Why do auto companies struggle to implement JIT in their entire supply chain: Conceptual lacuna or implementation gaps?
Author: Economic Times of India Online News
US auto insurance shoppers jump 6% in Q1, says TransUnion
Auto insurance costs in April climbed 22.6% from a year earlier, according to the Bureau of Labor Statistics, which is the largest annual increase since the 1970s. The number of U.S. customers shopping for auto insurance in the first quarter was 6% higher than a year earlier, according to credit reporting agency TransUnion , underscoring… Continue reading US auto insurance shoppers jump 6% in Q1, says TransUnion
Rupee helped by dip in US yields, positive momentum
Expectations on how many times the Fed will cut interest rates this year have been holding at two for several days now. The first rate cut is likely at the September meeting . The Indian rupee is likely to inch higher at open on Wednesday on the back of a decline in U.S. Treasury yields… Continue reading Rupee helped by dip in US yields, positive momentum
Georgia’s auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore
Auto shipments to Georgia have been booming since last year, when U.S. auto sales saw their biggest increase in a decade. The Georgia Ports Authority reported Tuesday that April was its busiest month ever for automobile shipments as the Port of Brunswick took in thousands of additional car and truck imports that needed rerouting from… Continue reading Georgia’s auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore
Government targets USD 1 trillion digital economy by 2027-28, says Rajeev Chandrasekhar
Rajeev Chandrasekhar India’s digital economy is growing at 2.8% per annum and is expected to reach USD 1 trillion by 2027-28, Minister of State for Electronics and IT Rajeev Chandrasekhar said at an outreach programme. Additionally, the minister stated that the value of the IndiaAI mission will be increased to INR 20,000 crore from INR… Continue reading Government targets USD 1 trillion digital economy by 2027-28, says Rajeev Chandrasekhar
Rising costs and import pressures affect Steel Authority of India’s earnings
A surge in costs of key steelmaking ingredients such as coking coal and iron ore in the quarter further hurt the metal makers. Steel Authority of India reported a nearly 3% fall in fourth-quarter profit on Monday, hurt by softer steel prices and higher costs. The state-owned firm’s consolidated net profit for the quarter ended… Continue reading Rising costs and import pressures affect Steel Authority of India’s earnings
Rupee to run into dollar strength after unexpected rally
Asian currencies declined on Tuesday with the offshore Chinese yuan dipping to near 7.25 to the dollar and the Japanese yen slipping to 156.50. The Indian rupee is expected to open flat-to-slightly weaker on Tuesday amid a decline in Asian peers and an uptick on the dollar index. Non-deliverable forwards indicate rupee will open at… Continue reading Rupee to run into dollar strength after unexpected rally
A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence
M&M will target Australia, South Africa and Chile with a plan to gain 15% market share. It will also tap markets similar to that of India — Nepal, Bangladesh, Sri Lanka — in the first phase. Tech-to-tractor conglomerate Mahindra & Mahindra (M&M) is set to embark on its next phase of expansion after shedding flab… Continue reading A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence
Second stakeholders’ meeting planned for electric vehicle policy guidelines
Updated On May 21, 2024 at 08:22 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals “We have got a lot of representations. We have studied them so maybe in a month or two we may have the second consultative meeting. The Ministry of Heavy Industries will hold a second round of… Continue reading Second stakeholders’ meeting planned for electric vehicle policy guidelines
Vedanta Aluminium CEO, John Slaven appointed as Vice-Chairman of International Aluminium Institute
Updated On May 21, 2024 at 07:48 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The current membership of IAI includes the world’s leading bauxite, alumina, and aluminium companies. Vedanta Aluminium announced on Monday that its CEO John Slaven has been appointed as the Vice-Chairman of the International Aluminium Institute (IAI).… Continue reading Vedanta Aluminium CEO, John Slaven appointed as Vice-Chairman of International Aluminium Institute