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Startups / The Economic Times

A car a minute used to flow through here, but chaos now reigns

The Great Supply Chain Disruption has turned shipping terminals into volatile zones full of uncertainties and best guesses. Nearly two years into the Covid pandemic, reliable planning is still next to impossible at every point of the supply chain.

4 Dec 2021 11:54 am
OECD warns Omicron threatens world economy

In the more benign scenarios, outbreaks could continue to prompt restrictions on people's movements, which could have long-lasting consequences on labour markets, production capacity and prices.

2 Dec 2021 10:34 am
From bottles to pens, how the Cello Group makes over 1700 products

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1 Dec 2021 2:57 pm
KVIC to begin Pashmina production soon in Varanasi: MSME ministry

About 50 tonne raw Pashmina is produced in Leh-Ladakh per annum out of which, after cleaning and processing, only 15 tonne dehaired wool is actually produced for production of Pashmina wool products.

1 Dec 2021 10:16 am
Completely unjustifiable GST rate hike on apparel, textiles and footwear show the Govt has no easy choices

The Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead to a significant hike in their cost of production.

26 Nov 2021 10:10 am
How e-commerce is unlocking global trade for Indian businesses

Over the years, the general perception has been that e-commerce is an expected choice of marketing for only well-established retail brands. There has been a drastic change in the business strategy of local businesses who have been successfully navigating their operations to online platforms.

24 Nov 2021 4:12 pm
MeitY secretary asks electronics firms to work as team to resolve supply chain woes

South Korea has announced a mega investment of $451 billion over the next 10 years to boost the semiconductor ecosystem. India is also exploring ways to attract electronic chipmakers but it has not announced its plan.

19 Nov 2021 10:16 am
How Myforexeye helps MSMEs from facing up to 80-90% loss in forex transactions

Myforexeye enables companies to check real-time forex rates and transact from their mobile phones, with full information on bank commissions and charges

18 Nov 2021 10:02 am
Shipping containers get foldable design seen as cure for logjams

Despite sparking hope among carriers and shippers, higher upfront costs and hesitancy to turn to a new business model have kept foldable containers from becoming mainstream.

16 Nov 2021 10:07 am
Key reason for supply shortages: Americans keep spending

Unless spending snaps sharply back to services or something else leads people to stop buying so much it could take deep into 2022 or even 2023 before global supply chains regain some semblance of normalcy.

16 Nov 2021 9:51 am
From F&B to cosmetics, try-before-you-buy is bringing a new charm to sampling

A sampling platform is out to revolutionise the marketing system in India by bridging the trust deficit between consumers and producers. It is proving to be a win-win for the manufacturer and the buyer.

16 Nov 2021 9:10 am
The curious case of GST on ice cream parlours: To tax at 5% or 18%

It was expected that the GST regime would resolve this issue and put an end to this controversy. Even though the earlier issues were resolved after the GST regime, a fresh set of problems have arisen.

15 Nov 2021 9:49 am
Shipping companies feel the heat as investors shun coal

There's good money be made from delivering coal, which broadly accounts for about 30% of cargo volumes and has hit record prices amid a shortage of fuel including natural gas to provide the power needed by a global economy recovering from a pandemic.

13 Nov 2021 9:54 am
Congestion at Port of Rotterdam seen persisting through 2022

Ships are not currently waiting outside Rotterdam, but storage capacities are full and connections with the European hinterland are not running smoothly.

12 Nov 2021 9:51 am
India continues to have smaller share in international shipping sector: Report

India is thus becoming a net importer of shipping services especially ship finance.

12 Nov 2021 9:45 am
Gadget gifting may get costly this holiday season as supply chain plays The Grinch

Apple Inc and Microsoft Corp have hoisted bright red banners on their websites telling online shoppers to get their holiday presents for delivery as soon as possible on some of their newer, more expensive products.

11 Nov 2021 9:42 am
This craft coffee maker is brewing up a Rage

Using his expertise of starting up e-commerce platforms, a serial entrepreneur is thirsting to change the rules of the game in Indias FMCG market with coffee.

11 Nov 2021 8:51 am
Retailers lose love for Asia: Snarled supply chains force manufacturing exodus to Balkans, LatAm

Bulgaria, Ukraine, Morocco and Turkey were some of the countries drawing new interest from clothing and shoe producers, though China continues to produce a large share of the apparel for US and European clothing chains.

10 Nov 2021 9:51 am
A cardiac surgeon, a robot, and the Make in India dream

At a time when Make in India was all show no substance, a cardiac surgeon gave up his life savings to show the true meaning of the agenda and bring affordable healthcare to India.

10 Nov 2021 8:50 am
How to avail post-shipment credit and what should exporters be aware of

The Commerce Ministry initiated post-shipment credit as a short-term trade finance solution to help exporters tide over their working capital requirements for the time between dispatching goods and receiving payment from overseas buyers.

9 Nov 2021 9:33 am
Maersk lifts profits on global supply chain crunch

Maersk said that its bottom-line net profit amounted to $5.438 billion in the period from July to September, compared with $947 million a year earlier.

3 Nov 2021 9:09 am
US regulator expects to find abuses in shipping amid supply chain woes

In 2020, the FMC said importers should not be hit with demurrage or detention charges, which refer to fees charged when importers delay in picking up containers of goods and then returning them, if the delays are caused by circumstances beyond their control.

3 Nov 2021 8:56 am
Worsening shortages, high prices restrain US manufacturing activity

Supply constraints were worsened by a wave of coronavirus infections driven by the Delta variant over the summer, especially in Southeast Asia. Congestion at ports in China and the United States was also causing delays in getting materials to factories and retailers.

2 Nov 2021 9:24 am
Its last call for cheap beer

Barley prices are largely to blame for the rising beer costs, after dry weather scorched fields in North America, which typically produces enough barley to account for about 20% of global commercial beer production.

1 Nov 2021 9:33 am
World leaders seeks ways to strengthen global supply chains

The leaders emphasized the need for security, especially in technology supply chains, and for fair and sustainable labour conditions and said they would work with the private sector to reach these goals.

1 Nov 2021 9:13 am
Retailers reel in delivery deadlines to get Christmas gifts to shoppers on time

By some estimates, there may be nearly 5 million more packages per day than delivery drivers can handle during the peak season when unit volumes can double.

30 Oct 2021 9:40 am
Over 100 containers fall from fire-hit cargo ship off British Columbia

The container fire broke out on Saturday on the cargo ship MV Zim Kingston. There were no reported injuries or casualties.

28 Oct 2021 9:00 am
Automated ports could help ease supply chain woes

Disruptions to the flow of critical components such as truck chassis and shipping containers clogged cargo facilities. As bottlenecks proliferated throughout the economy, ports bore the brunt.

27 Oct 2021 8:57 am
Amazon bulks up shipping capacity to battle holiday season snarls

Amazon, which plans to hire 150,000 seasonal workers in the United States during the holiday period, said it had also increased ports of entry across its network by 50%

26 Oct 2021 8:59 am
Shipping drifts off net-zero course without carbon levy

The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping said such a levy could be introduced initially at as low as $50 per ton of CO2, with the revenue raised being earmarked for first-movers in the industry to incentivise research and development of alternative fuels.

25 Oct 2021 3:27 pm
'Containergeddon' drives sugar, rice shippers back to bulk vessels

Commodities such as refined sugar, coffee, rice, cotton and cocoa have moved from dry bulk vessels to containers in the past since the large boxes were more practical and offered good quality control.

25 Oct 2021 9:01 am
Shipping industry faces ESG heat from lenders

Leading shipping financiers currently provide close to $300 billion of lending to the industry annually, analysts estimate.

20 Oct 2021 9:03 am
Amazon and others commit to using zero-carbon shipping fuels by 2040

With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner.

20 Oct 2021 8:53 am
Tech for future: Why NFTs will drive the digital economy

Currently NFTs are where crypto currencies were in 2015. It's the initial stage of mass adoption. Most popular NFT projects like CryptoPunks and Bored Ape Yacht Club are PFP (Profile Pictures) based NFT.

14 Oct 2021 2:40 pm
Biden announces measures at major ports to battle supply chain woes

Product shortages have frustrated American consumers and businesses and contributed to inflation, which threatens to hurt the president politically.

14 Oct 2021 9:17 am
Worst ship traffic jam since August is new headache for supply chain

Bottlenecks at container terminals around the world have added to pressure on supply chains already struggling to keep up with demand.

13 Oct 2021 9:20 am
Is the Covid recovery being derailed? This earnings season may have some answers

In recent months, raw materials, labor and freight have become significantly more expensive and hard to come by.

13 Oct 2021 9:07 am
PNB launches '6S Campaign' under customer outreach programme

The objective is to drive a special awareness campaign for the development of financial services in the country and to accelerate credit growth, improve penetration of social security schemes and drive digital banking push.

8 Oct 2021 9:29 am
A billionaire wants to disrupt how you email. Again

Emails have been one of the prominent forms of communication since the inception of the internet. But it has seen very little development. A serial entrepreneur wants to change that.

6 Oct 2021 8:58 am
The search for a perfect pair of shoes takes a man around the world

Using wool and recycling PET bottles, Neemans has been able to carve a space for itself in the niche sustainable footwear space. Now it is getting ready to take on the big boys and go international.

5 Oct 2021 8:59 am
India sugar mills pause export deals in bet price will rise more

A slower pace of sales by India, which is estimated to have almost 9 million tons in reserves next month, may heat up the global market again.

23 Sep 2021 9:12 am
Leather exporters urge govt to extend PLI benefits to them

The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing.

21 Sep 2021 9:26 am
Investors predicted Mailchimps demise. It sold for $12 billion

The company now sends a billion emails every weekday. As the company evolved, so did its monkey-themed branding.

20 Sep 2021 9:32 am
Maersk rides freight wave with further 2021 outlook rise

The coronavirus pandemic has prompted shortages of container ships and logjams at ports at a time of high consumer spending, sending the cost of transporting freight to record levels.

17 Sep 2021 9:07 am
Aluminum industry frets that its supply snarls have just begun

Global supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor disruptions caused by Covid outbreaks.

13 Sep 2021 9:04 am