New Delhi: Top retailers, industry leaders, and answer consultants mentioned that to construct a linked provide chain, manufacturers must concentrate on innovation, expertise, and sustainability.

More than 40 business consultants and provide chain leaders of prime retail and D2C manufacturers, e-commerce platforms, and policymakers got here collectively below one roof for the third version of the Supply Chain Summit 2023 organized by ETRetail.com.

The theme of this yr’s Summit was “Creating a Connected World with Tech Enabled Supply Chain Management.” The convention was held in a bodily format right here in Mumbai.

Speakers mentioned the evolving provide chain ecosystem put up pandemic, how corporations are leveraging expertise, and rising significance of innovation to remain forward of the curve.

The authorities final yr launched the PM Gati Shakti Mission and the National Logistics Policy.

Marking the initiatives as landmark, Dr. Surendera Ahirwar, Joint Secretary, DPIIT mentioned, “… the two initiatives “PM Gati Shakti and the National Logistics Policy have the ‘whole of the government’ and ‘whole of the nation’ approach.” He was delivering a keynote deal with on the Summit.

In the inaugural panel dialogue, Swaminathan Ramachandran, Chief Supply Chain Officer, ABFRL mentioned that manufacturers want to revamp their provide chains in such a manner that they develop into resilient to soak up sudden shocks of demand.

Sanjeev Khanna, COO, Patanjali Foods highlighted that for the expansion of any enterprise and provide chain, it’s essential to have an integration of 1’s function, ardour, and potential.

Part of the inaugural panel, Okay Radhakrishnan, co-founder, Tata Starquik mentioned, “Startups must check if their business has a market fit, right unit economics, and if their user experience makes the customer happy.”

Part of one other panel dialogue on unlocking the brand new actuality of digital period by means of provide chain innovation, Sandeep Kulkarni, Chief Supply Chain Officer, Tata CLiQ mentioned, “With the help of digitisation, experience gap is bridging between online and offline channels.” He highlighted that to make sure low price with excessive effectivity, it is vital for companies to assign proper provider associate for final mile supply.

Sharing his ideas, Dhiraj Jain, VP- strategic sourcing, Pharmeasy commented that predictive evaluation is the center and mind of any provide chain. He claimed that PharmEasy has cracked the net medication supply phase and that the etailer delivers to customers from all potential channels.

In his keynote session on the rise of digitalised kiranas, Arvind Mediratta, MD & CEO, Metro money and carry India shared how the corporate has been working intently with kirana shops to digitise them and sustain with the evolving shopper demand. “Sales for smart, modernised kiranas is up by 40-45% despite competition from e-commerce,” he mentioned.

In a dialogue on how provide chain has advanced for legacy manufacturers, Samrat Sehgal, Head provide chain, Dabur mentioned, “In last four years, Dabur has observed e-commerce sales rising from 0.5 per cent from 6-7 per cent.”

Delivering a keynote deal with on ‘the success of e-commerce with sustainable yet disruptive supply chains,’ Vinay Dhanani, COO, Zepto commented, “…Those who are agile in their supply chain will have an advantage over their competition.” He famous that q-commerce is all about forecasting.

Pankaj Jain, head – enterprise fulfilment, JioMart mentioned, “It is important to bring hyperlocal and non-hyperlocal space together to grow the business.”

Part of the panel with Jain, Venkat Venepally, VP- provide chain, Mondelez India Foods shared that the most important problem in provide chain is to not perceive the enterprise wants that expertise can resolve. He reinstated that agile and resilient provide chain can deliver development to a enterprise.

Discussions on the ETRetail Supply Chain Summit advanced across the quickly altering provide chain ecosystem put up pandemic, how corporations are leveraging expertise, and rising significance of innovation to remain forward of the curve.

The Summit noticed participation of over 250 delegates from completely different classes of the retail and logistics business. The Supply Chain Summit 2023 was sponsored by Exotel, Intugine, Accenture Technologies, Newland AIDC, Pragati Group and Stellar Value Chain. Gati Mission additionally prolonged its help to the Summit.