In our recent webinar on August 14, 2024, two seasoned experts from India offered deep insights into how U.S. manufacturers can optimize their supply chain and logistics strategies by sourcing from India. If you didn’t join us live, you can still catch up by watching the full webinar video embedded below.
Here are the 5 key takeaways from the session:
1. Strategic Benefits of Sourcing from India: Deepak Labba, General Manager of Supply Chain for South and East Asia at Regal Rexnord Corp, emphasized India’s robust economic growth and how the country’s young workforce is driving global competitiveness. He highlighted how government initiatives are making India a prime destination for high-quality, cost-effective sourcing.
2. Building Strong Supplier Relationships: Deepak shared best practices for fostering long-term relationships with Indian suppliers, focusing on local engagement and trust-building. He also discussed how to manage quality exceptions when issues arise, ensuring that any challenges are effectively addressed.
3. Understanding India’s Logistics Infrastructure: Nikhil Dandekar, Regional Manager at IMEX Shipping & Logistics, provided a comprehensive overview of India’s major ports, airports, and Inland Container Depots (ICDs). He explained how these logistics hubs are crucial for maintaining efficient supply chains between India and the U.S.
4. Overcoming Shipping Challenges: Nikhil addressed the current challenges in shipping, such as increased transit times due to the Suez Canal crisis and geopolitical issues. He offered practical solutions like leveraging Vendor Managed Inventory (VMI) to ensure on-time delivery despite these disruptions.
5. The Importance of Trust Shoring: Both speakers underscored the concept of “trust shoring”—building trust across borders and industries to create resilient supply chains. This approach is key to navigating the complexities of global trade and ensuring reliable operations.
As a U.S.-based company with 30 years of experience, Source Machining Specialties specializes in helping U.S. manufacturers with their manufacturing needs in India. We’re so confident in our Indian production facilities that we invite you to a site audit at our expense. Discover more about our capabilities and services, and let’s start a conversation.
