Women in Manufacturing: The Key to Unlocking Operational Efficiency
Women in Manufacturing: The Key to Unlocking Operational Efficiency
According to a GE report released in November 2021, women only accounted for 12% of India’s 27.3 million strong manufacturing sector. While this number may seem dispiriting, consider that the percentage has actually been inching northwards from 8% in 2019.
The gender gap in manufacturing
To effectively address the barrier preventing women from entering the manufacturing industry, we will need to acknowledge the magnitude of the problem at hand.
Why SMEs are Turning to MSPs for Data Protection and Cybersecurity?
Why SMEs are Turning to MSPs for Data Protection and Cybersecurity?
Earlier this year, records from the ministry of micro, small and medium enterprises (MSMEs) pegged the number of businesses in this category at over 7.9 million. Given the sheer size of the SME segment, it is evident that small businesses play a crucial role in India’s race to become a $5-trillion economy. Nearly 8 million SMEs dot India’s landscape today.
That said, they have their fair share of hurdles to tackle, with cybersecurity (or the lack of it) being one of the most threatening. Around 43 per cent of cyberattacks in the country target small business startups, and most SMEs are ill-equipped to handle such cyber risks. And even more alarmingly, over half of the SMEs, that fall victim to cyberattacks close down within six months.
Returning to On-Site Work: The Benefits of Moving Away from the Remote-Work Model
Returning to On-Site Work: The Benefits of Moving Away from the Remote-Work Model
With Covid-19 pandemic radically transforming the way how we live and work, its impact on workplace dynamics is something that has been observed and experienced for a prolonged period than expected. Owing to frequent local and global restrictions for most part of last two years, most organizations adopted hybrid workplace model with remote work becoming the mainstream model. Although the transition entailed a host of challenges, adopting tech-enabled virtual interactions made it viable after a few initial setbacks.
Breaking Barriers: The Next Big Frontiers in Fashion Supply Chain for 2023 and Beyond
Breaking Barriers: The Next Big Frontiers in Fashion Supply Chain for 2023 and Beyond
Did you know that 8-10% of carbon emissions are caused by the fashion industry alone? That is more than all the international flights and marine shipping industry combined. The fashion industry is a market worth $1.5 trillion U.S. dollars and is predicted to increase to approximately 2 trillion dollars by 2026. However, despite the market size, the industry burns with several significant challenges that need immediate attention. The fashion industry has been running on traditional production models from ages.
Conventional production hubs such as India, Bangladesh, and Vietnam have long been known for their production models based on cheap labour, access to raw materials, and low-cost manufacturing.
The Future is Now: How AI-based Industrial Bearings are Transforming Industry 4.0
The Future is Now: How AI-based Industrial Bearings are Transforming Industry 4.0
In a highly industrialized era, it is a bearing that makes the world go round. Take any industrial technology propelling the world forward, and chances are that there is a rotating or a rotary mechanism operating at its heart. Be it a pressing machine, pump, motor, bike, car, escalator, elevator, turbine, windmill, heavy equipment, or capital machinery- everywhere you look, you are likely to find the humble bearing, hidden from plain sight yet working away tirelessly in the background. Take the modest bearing out of the picture; one would be hard-pressed to recreate our modern manufacturing and economic edifice without it.
Big Data, AI, and Fashion: The New Frontiers of Creativity
Big Data, AI, and Fashion: The New Frontiers of Creativity
According to a recent McKinsey Global Fashion Index (MGFI) report, a record 69% of companies in fashion world were value destroyers in 2020, up from 61% in 2019 and 28% in 2011. About 7% of businesses completely withdrew from the market because of financial difficulties or being acquired by peers. The global fashion industry is reclaiming its footing in the world and reinventing itself to meet the new demands of customers, whilst digitisation serves as a growth hub. Despite this, the industry still faces formidable obstacles, including fluctuating customer demands, supply chain interruption, and time-to-market pressure, among other things.
In 2021, technology accounted for about 1.6 to 1.8% of sales for the fashion industry and this percentage is expected to rise to 3.0 to 3.5% by 2030.
India`s Grey to Green Energy Transformation: The Key to a Low-Carbon Future
India`s Grey to Green Energy Transformation: The Key to a Low-Carbon Future
Geo-political turmoil and burgeoning concerns over rising crude oil prices mark today’s global macroeconomic scenario. In this context, Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas, re-emphasized that in a strained economic matrix, where the world swings wildly across the recession and inflation spectrum, India will confidently push ahead with its switch towards green energy.
A green-clean energy revolution is underfoot in India, one that will help the country meet its long-term 2030 commitments of generating 500 GW of energy from renewable energy sources like solar, wind, and hydropower.
Unlocking Agility: A Guide for CPOs to Build a Resilient Procurement Strategy
Unlocking Agility: A Guide for CPOs to Build a Resilient Procurement Strategy
The last few years have been highly challenging for the CPOs (Chief Procurement Officers) across sectors and geographies. An erstwhile linear job has taken on newer dimensions, and CPOs have been called upon not only to brave financial and economic disruptions but also to steer their company safely through such tumultuous times.
At the very core, the procurement function in a manufacturing company is assessed on the basis of Annual Cost savings, Speed to market/Supplier delivery, Operational efficiency, Internal stakeholder management, Quality compliance and Risk Mitigation.
Here are a few key tenets that can help CPOs achieve these while balancing resources and cost constraints in 2023.
Company Poised for Major Revenue Growth in Upcoming Fiscal Year
Company Poised for Major Revenue Growth in Upcoming Fiscal Year
In an exclusive interview with Mint, Rahul Garg, CEO and Founder said, the Tiger Global-backed firm may have the option to break even in the next 12 months or to continue investing in business growth. He said Moglix’s successful foray into the United Arab Emirates (UAE) will become a template for its entry into other foreign markets.
Moglix CEO speaks about revenue run rate, path to profitability and international ops. Find more on what the founder shared in the conversation:
What was the growth you saw last year considering the market environment? How do the next few quarters look?
(Last year), while the world was in chaos, I think India was a shining star. While there are all sorts of global issues with respect to the venture environment, (but) I think India is still the bright star. We primarily work with manufacturing and infrastructure customers. Today, about 85-90% of our business is in India.
Read MoreInnovative Solutions for Smart Cities: An Interview with Abheet Dwivedi
Innovative Solutions for Smart Cities: An Interview with Abheet Dwivedi
In an exclusive interview with Infrastructure Today, Abheet Dwivedi, Senior Director (Infra & PSU) at Moglix, shared his insights on shaping the future of cities with sustainable and innovative tech solutions. Abheet discusses the much-needed boost required to build sustainable infrastructure, as well as the challenges and opportunities in deploying tech solutions for urban development.
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