From left: Amrit Acharya, chief executive officer, Zetwerk; Amit Khatri, co-founder, Noise; and Arun Kapur, president, MicroTek International Pvt. Ltd.


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New Delhi : The first dialogue of the ZETwork Smart Manufacturing Summit 2022, titled ‘Shaping the Future of Manufacturing: Resilience in Supply Chain’, saw a cross section of thought leaders from the world of manufacturing come together to discuss how the country Where does he need to get the position. The global manufacturing map, travel barriers, the way forward and the role of supply chain resilience in this.

“Supply chain is something that has come to the fore in the last two years. Earlier this interruption used to be for a day or two or a week. Now there is a gap of two years. There has been a restructuring, and many companies are doing a lot of analysis around supply chain and risk management. I think this is the pivot,” said Shail Gupta, Business Head, Mosaic Digital.

Emphasizing on the importance of having an integrated approach to the supply chain, Amrit Acharya, Chief Executive Officer, Zetworks said: “In order to achieve true agility, it is very important to create a product first and upgrade the technology table in terms of secondary Technology for workflow, process orientation, etc. Credit is another very important part, especially now with the rise in interest rates, the pinch will eventually hit the last mile.”

In manufacturing, creating agility can prove to be a challenging task, unlike in the service industry, where deliverables can be customized and reconfigured. “When you try to look at a problem on a piecemeal basis, you can identify gaps such as not having timely access to raw materials, or financing issues, or outstanding receivables. But, to really solve them, you have to take a leap of faith in terms of refinancing the entire supply chain or creating a new tier-2 or tier-3 supply chain below that, which is difficult to do,” Acharya said. .

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The manufacturing industry in India sees a bright future with Atmanirbhar moving towards India. “India as a country, with the kind of population and consumption we have, we can consume whatever we make. The other part is exports. The kind of manpower we have, which is still developing There is certainly a lot of scope, and I think we are headed in the right direction,” said Amit Khatri, Co-Founder, Shor.

In 2011, investment in IT manufacturing was about $10 billion, which has increased by 10 times to $100 billion in 2021. So, can India expect to see the same growth in the manufacturing sector as it was seen in the IT sector a few years back?

He said, ‘Now the focus is on manufacturing. Everything has to be technology-driven, and if you look at Industry 4.0, smart factories, etc., trying to put the pieces together, there’s a lot more to come. Manish Mishra, Chief Innovation Officer, Panasonic India, said, “If someone can piece together the story and help understand the gaps, it will make a big difference.”

In terms of government policies, the sector is getting the right push from the backend.

When the pandemic hit two years ago, manufacturing plants were shut for the first few weeks, and the entire value chain was shut down. So, what are the key ingredients to making the environment anti-fragile? Arun Kapoor, President, Microtech International Pvt Ltd said, “Agility, leadership, ability of an organization and ability to find alternatives and technology are the four key elements.”

The need of the hour is to create a massive platform where companies and governments work together to build a resilient supply chain.

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