The world after couple of years of recession has become a very different place, the growth engine of the world has shifted to places like China and India from US and Europe. While US are working on a firm plan to come out of recession as quickly as it can, Europe is still in grip of recession as evident by the fiasco in Greece.

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What This Recession Means To Globalization And Supply Chain.

Three latest entrants in India’s small car market have set the fire in industry in terms of pricing. First Maruti Suzuki, the biggest carmaker in India reshaped its flagging model Versa into Eeco at mouth watering Rs 2.50 lacs and then Old American war horses, GM and Ford bringing out there new products i.e. Beat and Figo respectively at Rs 3.49 lacs (ex showroom price).

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Exciting Phase for Supply Chain Professional in Indian Automotive Market

Indian Auto Industry is booming, Sales rose 25% from 1.5 million units to 1.9 million units in the fiscal year ended 31 March as new model launches improved consumer sentiment and increased financing resulted in buyers flocking to showrooms. Also SIAM has predicted a continuous growth of 10% to 14% in the Fiscal year 2010~ 11. This is now bringing a new paradigm shift in the industry as a whole and being in the middle of this industry making a buyer job as an exciting venture.

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Expanding Indian Automobile Industry – Challenges for Buyer

The current scenario of recession has renewed the focus on supplier risk management. Organizations are focusing great deal to understand different parameters which are helpful in determining the health of the supplier base. The best strategy to ensure smooth functioning of supply chain is to have an eye on the current supplier base while be proactive to have an additional supplier ready in case of any disruption due to failure of any key supplier base.

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Paradigm Shift towards Supplier Management in Global Purchasing