Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdownAllcargo Logistics is planning to cut costs by $30 million by the end of 2023-24 due to the ongoing slowdown in the global logistics sector...
It feels like 'Lehman II’ in this crucial industryThe German specialty chemical maker Lanxess AG last week had warned recent fall in sales volumes was more severe than in the 2008-09 recess...
IndiGo, Air India's record plane order deliveries may not be an easy ride for Airbus, BoeingAirbus and Boeing have been hit by a labour shortage in the aerospace industry's supply chain, threatening the manufacturers' ability to de...
Industrial Strength: The world doesn’t have too many planes yetThe more pressing issue for the aerospace industry is whether it can build the planes on order for this decade.
Paris air show: India centre stage as another big jet deal loomsIndia was set to dominate the Paris Airshow for a second day on Tuesday, with Air India expected to finalise a whopping order for 470 plane...
PPE Medpro: British government takes steps to recoup £122 millionReports suggest that the private firm PPE Medpro is under scrutinisation for breach of a 112 million pounds contract in June 2020 to supply...
Chip delivery times shrank in August, but some shortages drag onSemiconductor makers also are serving a much larger swath of the economy these days, with chips going into cars, factory equipment and appl...
Exporters face a 30-35% decline in Christmas orders; industry braces for challenging times aheadExporters in India are feeling the pinch as orders from global markets are getting postponed or being put on hold. With inventories piling ...
Semiconductor: Shortages of some chips drag on even amid signs of industry routChip bottlenecks have hit companies from Cisco Systems Inc. to Ford Motor Co., costing billions of dollars in lost revenue because they can...
Labour unrest disrupts supply chains from sky to seaThe first half of this year brought the additional uncertainty of Russian President Vladimir Putin’s invasion of Ukraine and China’s strict...
Fans may have to wait longer for the new iPhone 13; Apple likely to cut production due to chip shortageAs many as 10 million units of iPhone 13 are expected to be slashed.
Apple likely to cut iPhone 13 production due to chip crunchApple told its manufacturers that the number of units would be lower because chip suppliers including Broadcom Inc and Texas Instruments ar...
Aluminum industry frets that its supply snarls have just begunGlobal supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor d...
Chip crisis in ‘Danger Zone’ as wait times reach new recordChip shortages are rippling through industry after industry, preventing companies from shipping products from cars to game consoles and ref...
World economy is suddenly running low on everythingMattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at w...
Smart ways to save on your wedding expensesWhy spend a fortune when you can have a wedding of your dreams which is also affordable, well within your budget and, most importantly, hel...
Fashion brands like Biba, Arvind not to offer major discount in festive seasonSeveral apparel brands claim that online companies are now chasing profitability and are not over-ordering merchandising to get bulk discou...