Q] Which locations do you majorly source raw materials from? What impact did the war have on your procurement function?
Amway India imports its raw materials globally from countries like Europe, China, and predominately from India and the US. The impact of the Russia-Ukraine war was found in our procurement of wheat, whey proteins and production cost on other raw materials. In addition, supply chain disruptions led to increase in the freight charges, created container shortages, and lowered the availability of warehousing space. Shutting down of ports impacted shipping cost and delayed cargo flows worsened the global supply chain conditions.
However, keeping such global uncertainties in mind and also the global health pandemic, Amway as a part of its risk-mitigation strategy started evaluating all potential risks in its existing supply chain and developing a mitigation plan for uninterrupted supplies. Also, considering Amway mono-source model for majority of its items procured, we have adopted more proactive approach towards Supplier Relationship management practices.
Q] How important is it for Amway to maintain transparency and traceability in your supply chain? What is being done in that direction?
For today's health-conscious consumer product's quality, transparency, efficacy, and traceability matter the most. For Nutrilite, global leader in nutrition and the flagship brand of Amway, with its seed-to-supplement approach and strong ingredient story, transparency and traceability are critical components. Amway's backward supply chain is fully transparent, and every step of the supply chain is completely traceable. We also maintain traceability at many of our suppliers to support our seed to supplement story.
この記事は Logistics Insider の February 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Logistics Insider の February 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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Coldman Logistics launches 7,000 Pallets Capacity Temperature Controlled Warehouse in Kolkata
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FACELESS ASSESSMENT
A Right step, but still a long way to EODB
MODI NATURALS Doing it Right
Commencing its journey in 1974, getting listed at the Bombay Stock Exchange, and entering the consumer division in 2012 with the brand Oleev, Modi Naturals Ltd. has come a long way. Over the years, the organisation has been adding new product portfolios to its lineage that have now become household names.
People-centric Digital Supply Chains For The Win
As tech innovation continues to make life easier, the debate about the inescapable future of Al continues, putting into question the role and importance of people. Many believe that as tech develops, it will be the answer to all the problems. While the efficiency and consistency brought by technology into a business are unquestionable, we see if that is enough. We explore the importance of people in the supply chain and logistics ecosystem and take the word from the experts that people-centric digital innovation is the need for modern supply chain.
Emerging Markets Logistics Outlook 2023-Asia
While 2022 marked a slow economic recovery from the Covid-19 disruptions, 2023 W will see international markets still struggling to break free of the financial quicksand created by the pandemic.
"THE LAUNCH OF AMAZON AIR WILL HELP US DELIVER AN EVEN WIDER SELECTION FASTER"
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NEARSHORING Supply Chains' New Kid on the Block?
As the pandemic crippled supply chains around the world, industry leaders realised the urgency of improving connectivity with their buyers and suppliers. Adding fuel to the fire are the COVID-related restrictions on entry and exit into China even two years after the disease took over the world and the war between Russia and Ukraine which led to several disruptions in cargo movement through Eastern Europe. In such a scenario, Nearshoring gaining strength as a concept seems only fair and obvious. With this piece, we try to simplify as well as gauge the concept in its entirety.
AMWAY INDIA Keeping customers, suppliers and the environment close in the walk towards success
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2023 WORD OF THE YEAR ADAPTABILITY
Volatility, uncertainty, complexity and ambiguity make up the VUCA world and a critical trait to sustain in this world is adaptability. A trait that enables supply chain leaders across the world to upgrade the way they work and enable business. continuity. With back to back disruptions becoming a norm of the new post-pandemic world, adaptability has emerged as a keyword in the books of supply chain leaders. In our cover story this month, we asked a few of such leaders about their thoughts on adaptability, its potential and the way it is transforming traditional supply chains.
"More Hits Than Misses" INDUSTRY REACTS TO THE BUDGET
The major aspects of this year's Budget, which are connected to the supply chain and logistics sector, will focus on promotion of railways and coastal shipping as cost and energy efficient modes of transportation, creation of critical transportation infrastructure, urban infrastructure development, sustainable development (green growth), creation of skilled workforce, providing support to MSMEs and revamping the tax and duties structure. In this special feature, we take a look at what the industry thinks about Sitharaman's proposals this year.
