Saumen Chakraborty discussed the company’s growth outlook, status of supply chains & operations, and shared his leadership thoughts in the virus age. Edited excerpts.Q: Considering the relaxation in the lockdown do you see any improvement in the supply chain? Saumen Chakraborty: Initially, there was some disruption on the logistics side during the last week of March, when the lockdown was first imposed in India. As the interstate travel was restricted, the supply was disrupted. A few issues also came on the procurement front, albeit insignificant. A similar story emerged in the international markets, where the freight costs went up, and proved to be additional expenses due to Covid19. But subsequently, the supply chains improved over a period of time, and now normalcy is restored in all logistics. Covid-19 disruptions, therefore, on the logistics side are over. Q: Can you explain more on the operations side? Saumen Chakraborty: Being classified under the essential business … [Read more...] about Covid-19: Supply chain disruptions on logistics side are over in pharma sector, says Dr Reddy’s CFO
Why supply chain finance
3-Point Analysis | These companies may gain as global supply chain gets reconfigured Big Story | Decoding the importance of CSR for corporates Ideas For Profit | Is elevated rural exposure Dabur's Achilles heel? … [Read more...] about Ideas For Profit | Will HDFC’s resilient performance hold out amidst COVID-19 uncertainty?
The National Aeronautics and Space Administration (NASA), which is an independent agency for space research, aeronautics and related programmes in the US, developed the ventilator specifically for coronavirus patients at its Jet Propulsion Laboratory (JLP) in Southern California. … [Read more...] about Three Indian companies get licence to manufacture NASA’s coronavirus ventilators
As the country gradually eases the lockdown restrictions, a lot of focus is on kickstarting the economy once again, which has taken a severe hit due this pandemic. A DBS Bank report explores what will be India's prioirities for the financial sector in order to revive the economy.Broader economic growthAccording to the report, India’s economy is currently on track to register a net contraction in terms of growth for the first time since the 1980s. Q2 of FY21 is expected to be the trough of this cycle, however, certain sectors such as production & services and consumer discretionary sectors might take a longer time to recover. As we are about to enter the monsoon season, a lot of rests on the agricultural sector to drive the economy on the road to recovery.Health of the financial sectorExpected to be one of the key priorities of the government as a long period of freezing of assets and moratorium on loan repayment comes to an end. Businesses whose ratings were downgraded in … [Read more...] about India’s priorities post the pandemic for the financial sector
The profound importance of technology in the life of every business became crystal clear as the Covid-19 pandemic compelled firms to operate remotely. As offices resorted to work from home, technology became the thread to keep operations running. In a chat with ET Digital, Ajay Mittal, CDO & Director - Digital Sales & Commercial, IBM ISA, talks about how the current pandemic has hastened the need for IT adoption among SMEs and why it still makes sense to invest in IT infrastructure, despite the financial crunch that every business currently faces. Edited excerpts: Economic Times (ET): How can IT help SMEs at the moment? Would you be able to give some practical examples?Ajay Mittal (AM): One of the fortunate aspects of the era we live in is the sophistication of our digital world. We have a network of virtual connections, a broad array of devices and technologies that allows us to operate, plan and respond to this crisis in a way that past eras never could. The changes we are … [Read more...] about IT is now an essential part of business continuity: IBM’s Ajay Mittal