Supply chains are increasingly becoming business differentiators and success enablers for companies across industries. Mid-market companies looking to grow their businesses into pan-India entities will need a comprehensive re-think of their supply chain capabilities. These companies need to look at their current set-up through a clear lens to identify the shortcomings in their supply chains and develop them into a strong business enabler. Companies can gain sustainable benefits using a design approach to develop and implement winning supply chain strategies in order to ride the next phase of growth. This whitepaper on “Re-engineer your Supply Chain to Ride the next phase of growth” was presented by TATA Strategic Management group (TSMG) – Chemicals and SCM Practice in “The Economic Times Global Logistics Show 2017” conference on the 17th April 2017.
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Bulk liquids which amounts to ~35% of the global sea trade play a significant role in the global economy with a number of crucial industries in the chemicals and petrochemicals sector for which they act as raw materials, intermediates or finished products. A number of end use sectors such as automotive, consumer durables, energy and textiles are downstream consumers of products manufactured from bulk liquids. This report on “Indian Liquid Bulk Storage: Enduring support to trade and industrial growth” was presented by TATA Strategic Management group (TSMG) – Chemicals and SCM Practice in the “3rd Annual Indian Bulk Liquid Storage” conference on the 2nd of March 2017 with the objective to highlight key trends in the Indian bulk liquid storage industry and opportunities present in the sector.
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The report on “Green logistics: Redesigning logistics for a better tomorrow” is a part of joint endeavour between Confederation of Indian Industry (CII) Institute of Logistics and Tata Strategic Management Group (TSMG) Supply Chain and Logistics Practice to highlight the importance of Green Logistics. This report was released at the “CII Institute of Logistics: Green Logistics” conference held in Mumbai on the 13th of November 2014.
The objective of this report is to highlight the importance of Green Logistics in national economy and opportunities present in the sector. Implementing Green Logistics not only gives environmental benefits but also several strategic business benefits required to differentiate existing Supply chains. Initiatives such as Network Optimization and Logistics efficiency improvements which greatly contribute in reducing the Carbon footprint also gives a competitive edge to the companies to create a more robust and responsive Supply Chain. Initiatives in Warehouses such as Innovative lighting and other Warehouse efficiency improvements along with adapting to green packaging; aids to this idea of achieving a complete Green logistics. Companies also need to work closely with environmentally responsible Supply Chain vendors and Suppliers who have a commitment towards sustainability and have significant experience in providing eco-friendly solutions.
The report can be downloaded from the following link: Download (1.27 MB)
GST is high on the agenda for the new government and its rollout is a priority. GST will benefit the Indian pharmaceutical manufacturers by rationalizing the tax structure and optimizing distribution. Even a 2% reduction in production or distribution cost will add to the profits by over 20%. It could be the single biggest shot in the arm for the Pharmaceutical industry and create competitive advantage for those who move early, say Manish Panchal (Practice Head – Chemicals, Lifescience & Supply Chain) and Siddharth Paradkar (Principal – Logistics & Supply Chain) of Tata Strategic Management Group. (This article is published in Pharma Bio World, September 2014).
Tata Strategic has developed a special feature on logistics costs and performance of the Indian consumer durables industry, based on extensive interactions with supply chain and logistics heads of key consumer durables companies; logistics service providers and channel partners & customers such as dealers, retailers and distributors.
Through the feature, we explore the logistics cost and performance related benchmarks across the industry as well as key value added logistics services used by consumer durables companies in India. The report looks at logistics costs spanning imports, warehousing and domestic distribution as well as performance measures such as on-time delivery, fill rate and damage & losses. Using this report, companies can compare their logistics costs with their peers, identify improvement areas and explore levers for logistics cost optimization & supply chain performance enhancement.
The report can be downloaded from the following link: Download (1.8 MB)
The chemical industry has been on a fast growth trajectory in the past decade, resulting in in-creasing revenues and growing profits. However, due to changing business environment, increasing competitive intensity and need for increased focus on QSHE are raising costs and putting pres-sure on product margins and overall profitability. Adding to these woes is increasing logistics and supply chain cost. Going forward supply chain cost management will play a crucial role in ad-dressing these challenges for chemical companies, say Manish Panchal, Siddharth Paradkar and Sangeeta Misra of Tata Strategic Management Group. (This article is published in Chemical Engineering World, October 2013).
A three-pronged plan consisting of a workable policy, fiscal incentives and infrastructure would ensure development of the Indian coastal shipping sector and strong growth going ahead with India’s economic growth, writes Siddharth Paradkar. (This article is published in Infrastructure Today, Annual 2013).
Effective spare parts management is emerging as a key differentiator in the Indian automotive industry. The critical need of customers is quick after-sales service turnaround that ensures high uptime of vehicles on the road. This is achieved to a large extent by the timely availability of genuine spare parts. However, only a few automotive companies in India have managed spares business as a strategic tool to gain superior customer satisfaction, say Siddharth Paradkar, Anirban Majumdar, and Monalisa Majumdar of Tata Strategic Management Group. (This article is published in Automotive Products Finder, September,2013).
Minor ports have emerged as more attractive to private investors than the major ones, notably after the controversial TAMP revised tariff as PPP projects at major ports are marred by litigations, delays and disputes. Siddharth Paradkar and Aniruddh Reddy recommend a change in the revenue-sharing model. (This article is published in Infrastructure Today, July 2013)
The opportunities for the Indian pharmaceutical industry are immense but increasing competition, increasing regulatory pressures and stringent price control means that companies need to constantly improve their costs and service levels. Supply chain efficiencies will play a crucial role going forward and will become the key differentiator for companies. Companies will therefore need to adopt an approach that encompasses strategic, tactical and operational interventions to remain competitive and create value for their customers. (This article is published in Pharma Bio World June 2013 issue)
Agrochemical companies unanimously acknowledge tremendous potential in the Indian Market - Siddharth Paradkar, Manjula Singh & Monalisa Majumdar. (This article is published in Chemical News, May 2013 magazine).
Though the current economic slump has temporarily slowed growth momentum, the growth story for the Indian logistics industry remains intact. However, logistics companies operating in India need to take a fresh look at their markets and processes, and must leverage the demand for new and differentiated services by suitably building capabilities, say Siddharth Paradkar and Manjula Singh of Tata Strategic Management Group, part of Tata Group and one of the largest Indian-owned management consulting firms. (This article is published in Project Monitor, April 2013)
As India’s chemical trade rises, the pressure on the already overburdened Indian ports will increase. A review of current liquid chemical handling infrastructure and performance at ports highlights a clear need for better planning and a more supportive policy framework. Going ahead, ‘chemicals’ are expected to be among the most attractive cargo types and ports must align their capabilities to leverage this opportunity say Siddharth Paradkar and Manjula Singh. (This article is published in Project Vendor, a construction and engineering magazine for projects, March 14, 2013 edition).
The cascading effect of local taxes and complex regulatory structure of central and state bodies have added to the inefficiencies for businesses. The proposed GST augurs well for businesses through simplified processes. This can create competitive advantage for those who move early, say Siddharth Paradkar (Principal – Logistics) and Pratik Kadakia (Practice Head –Chemical & Energy) of Tata Strategic Management Group. (This article is published in Manufacturing Today, June 2011)
A quarter into 2009 and businesses are seeing few signs of easing out of the economic slowdown, volatility and demand uncertainty. Using the supply chain as a strategic lever can enable companies to tide over the situation and can enhance their margins say Harsha Kapoor, Practice Head – Analytics Solutions, Milind Desai and Kumar Abhinav from Tata Strategic Management Group. (This article was published in the Material Management Review Magazine, May 2009)
Upcoming regulatory changes and infrastructural developments can have significant impact on the distribution and sourcing strategies of manufacturers with a pan-India presence. Arindam Chakrabarti, Practice Head- Automotive and Engineering in Tata Strategic Management Group feels that industry players need to rework their logistics plans today in light of these impending changes. (This article was published in Cargo Talk magazine January 2008 issue)