India's ascent in the global supply chain is evident as businesses like FedEx, Foxconn, and Apple expand operations. The nation's favorable incentives and diverse industries make it an attractive manufacturing hub.
To lower risk and improve cost and lead time flexibility, a lot of supply chain leaders are expanding their supply chains throughout different parts of the world. Instability on a global scale is detrimental. Geopolitical challenges abound in 2024, which will only exacerbate supply chain conflicts worldwide. The Wall Street Journal's analysis indicates that supply chain costs are directly impacted by geopolitics. Consequently, as tensions rise in crucial markets, many corporations are bracing for more shockwaves.
Supply chain executives should investigate new global supply chain geographies to diversify. One of those exciting new areas is India. India is expected to surpass Germany and Japan to become the third-largest economy in the world by 2027, with a GDP of...
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