News

May 4, 2020

There is no Returning to Normal After the Corona has Left.

COVID-19 has been called “The Great Pause,” a time for reflection and introspection. While the pandemic continues to turn the world upside down, new realisations are beginning to dawn on us. The COVID-19 pandemic has brought massive changes to our lives and ways of thinking. People’s movement has been severely restricted and many sectors of our economies have been shut down. Whereas immediate environmental impacts of the pandemic are evident in a drop in carbon emissions and decreased air pollution, it

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May 3, 2020

Activity Based Costing for large scale industries

ABC has helped many companies identify important cost and profit enhancement opportunities through reprising of unprofitable customer relationships, process improvements on the shop floor, lower-cost product designs, and rationalized product variety. It is difficult to imply activity based costing on large-scale industries. However, its potential on a larger scale represents a huge opportunity for companies. Fortunately, simplification is now possible through an approach that we call time-driven ABC In the revised approach, managers directly estimate the resource demands imposed by each

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May 2, 2020

Predictive Analytics in Supply Chain – Need of the hour?

How would companies adapt to changing customer preferences especially after COVID-19? After all, customers form the base for any organization and serving them right is every company’s core mission. The world is already moving towards digital transformation and artificial intelligence particularly in the field of Supply Chain. This is where the concept of Predictive Analytics comes into picture. In an industry where time and resources can make or break a company’s bottom line, predictive analytics is no longer an additional feature, but

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May 2, 2020

LOCKDOWN 3.0

Ministry of Home affair on friday increased the current lockdown period till May 17 , for the second time in a row due to the coronavirus pandemic. The government has classified the country in three different zones: Red, Orange and Green, with the Red zone has been classified as hostspot of the current pandemic. Ban on air, rail, metro, and inter state movements by road will be continued till the lockdown goes on. Industrial zones have been permitted activities in the manufacturing

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May 1, 2020

Supply chain management tools: Clear and immediate solution?

What does it take to be a master in supply chain management? Well, it is not an easy task but is definitely a very important one to take the business to higher levels and get efficient results. The margin of error with the supply chain management is drastically thinning as a consequence of Covid-19. You would probably not get one way of understanding & dealing with the tangled chains but yes, a few approaches can make the way a lot

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April 30, 2020

Aviation industry Fighting against the crisis

The COVID-19 pandemic has devastated the airline industry. The air traffic has seen a significant drop due to lockdown across the globe. This crisis is impacting the supply chain of many businesses which are mainly dependent on air cargo which has an impact on IMPORT & EXPORT of a nation. As per the International Air Transport Association (IATA) forecast global air traffic will be affected by 38%.  Will we see many airlines going bankrupt and mergers happening? Only time can answer that. The

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April 28, 2020

Supply chain Challenges faced by Cement Industries

For an industry segment like cement where high product volume is intrinsic to the business, logistics and supply chain play a critical role in ensuring service differentiation in the face of increasing competition. Transporting material is an essential requirement for industrialisation and urbanisation alike. Further, with rural consumption being one of the main drivers for growth in India, it is important to build an effective and scalable supply chain network to reach the last mile. Supply chain in India faces a

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April 27, 2020

Can ocean freight meet the supply chain challenges in the COVID crisis?

The United States Postal Service (USPS) is shipping mail and parcels to ten European countries via ocean freight to address the issue of limited air transportation resulting from widespread flight cancellations and restrictions due to COVID-19, according to a postal advisory dated 23rd April. The first batch of mail shipped to Europe in this way left JFK International Service Centre in New York for the Port of Rotterdam April 20 carrying five containers of mail weighing 32,768 kilograms to Austria, Denmark,

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April 26, 2020

COVID-19 Impact on packing industries

COVID-19 is an outcome that impacted and taught lessons to every sector, the current pandemic has made companies think about the alternative and new solutions for packing their products which are to be accepted globally. As a result of the current situation there is a sudden demand in the consumption of packed food and order of Online grocery as it provides safety and hygiene to the consumer. The future of packing has changed as now companies have to develop a different

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April 25, 2020

Waxworms to Earth’s rescue!

Researchers at Cambridge University have discovered that the larvae of the moth which eats wax in bee hives can also degrade plastic. Experiments show the insect can break down the chemical bonds of plastic in a similar way to digesting bee’s wax. A waxworm, the larvae of the greater wax moth will be the hero of Earth’s plastic story defeating the villain! The researchers were particularly interested in how this caterpillar, together with the microorganisms in its gut — its microbiome

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