Issue Details

UNDERSTANDING INDIA’S SCM CHALLENGES: STRATEGIES FOR CAPITALIZING ON OPPORTUNITIES

ABSTRACT

India’s fast-growing economy has great supply chain management (SCM) potential. However, inherent difficulties prevent the nation from taking use of SCM potential. This paper analyses India’s SCM difficulties and offers methods to capitalise on possibilities. India’s SCM issues are identified first. These include poor infrastructure, fragmented logistical networks, complicated regulatory frameworks, and supply chain skills shortages. India’s varied terrain and culture complicate SCM operations. India must solve these issues to improve its supply chain. Several techniques are given to overcome these problems and capitalise on possibilities. First, a nationwide logistics network requires infrastructure development. Improve transportation, storage, and last-mile connectivity. Second, streamlining and simplifying regulatory procedures and rules may ease business, minimise compliance obligations, and encourage SCM investments. Third, supply chain workers must be trained. Supply chain management education and vocational training may produce trained workers who can handle complicated SCM activities. Academic-industry partnership may also connect theoretical understanding and practical implementation. India’s SCM success relies on technology. IoT, blockchain, and data analytics may improve supply chain visibility, inventory management, and logistical operations, increasing efficiency, cost savings, and customer satisfaction. Finally, stakeholders should work together. This involves building connections with suppliers, customers, and logistical service providers in India and abroad. Collaboration improves supply chain integration, coordination, and best practises.

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