Charting New Frontiers: Exploring India’s Logistics Startup Ecosystem

Charting New Frontiers: Exploring India’s Logistics Startup EcosystemIn the dynamic landscape of a developing economy, logistics infrastructure stands tall as the backbone, facilitating seamless movement of goods and services. India, propelled by the Government’s steadfast commitment to infrastructure development, epitomized by initiatives like Gati Shakti and the National Logistics Policy, is prepared to accelerate its economic growth trajectory and emerge as a cost-efficient manufacturing hub on the global stage.At the heart of this transformation lies the burgeoning ecosystem of logistics startups, a testament to India’s vibrant entrepreneurial spirit and the growing interest in the sector. Over the past few years, …

The Indian Semiconductor Industry at the Cusp of Inflection

The Indian Semiconductor Industry at the Cusp of InflectionThe semiconductor industry faces significant challenges, including supply chain disruptions, localized talent shortages, and the constant technological demand for smaller chips. Despite these obstacles, in 2023 the industry generated a substantial 500 bln EUR in revenue. While this represents a 9% decrease from 2022, a strong recovery is underway and forecasting revenue to exceed 1.2 trln EUR by 2030.  This growth will be primarily driven by the automobile, computing, and data storage sectors, which are expected to account for over 70% of semiconductor demand.  Semiconductors are a vital cog in our day-to-day …

India Localization – Unleashing the Potential

India Localization – Unleashing the PotentialIndia’s growth story in the manufacturing sector has been driven by its billion-plus demographic and their rising spending acumen. Manufacturing sector in India today contributes 17% to the GDP and not only caters to domestic consumption but the meteoric growth in exports as well. This rise has turned global eyes towards India as a ‘China Plus One’ destination. Government Schemes and a well-developed manufacturing ecosystem have augmented the impact in attracting global firms to invest in India.India’s manufacturing ecosystem has developed over the last 10 years primarily due to the rise in demand clusters across …

Two Sessions of 2024: China’s Economic Outlook

Two Sessions of 2024: China’s Economic OutlookChina’s leadership has set a moderate growth target of „around 5%“ for 2024 amidst a backdrop of considerable economic headwinds, signaling a steadfast resolve to transform the nation’s growth model. This target, announced by Chinese Premier Li Qiang at the Two Sessions meeting, underscores a commitment to stability and high-quality development despite the challenges of a troubled property sector, deflationary pressures, and a volatile global economic climate.Stabilizing Through Transformation and Emphasizing “New Quality Productive Forces” This year’s government work report emphasized the critical need for transformation in China’s economic growth model, focusing on structural …

Navigating the ‚New China Playbook‘: Insights from CMS-EAC Seminar

Navigating the ‚New China Playbook‘: Insights from CMS-EAC SeminarAmidst the ever-changing landscape of global business, the CMS-EAC Seminar convened industry leaders and experts at the German Centre to explore the intricacies of the ‚New China Playbook‘. Against a backdrop of geopolitical tensions and evolving economic realities, the seminar provided a platform for robust discussions and insights into the challenges and opportunities facing foreign enterprises in China.The seminar commenced with a warm welcome speech, extending gratitude to esteemed panelists and attendees for their participation. Dr. Gang Yang, President of Trumpf China, and Mr. Ingarsia, CFO of Schaeffler Greater China, were among …

The Resurrection of Southern Europe

The Resurrection of Southern EuropeIn recent years, Southern Europe has emerged as a beacon of economic resurgence, with countries like Portugal, Greece, and Spain leading the charge. This revitalization stands in contrast to the economic landscape of Northern Europe, with robust growth rates exceeding 5% in 2022, a testament to the region’s resilience and potential. While challenges remain, particularly concerning the sustainability of the growth as well as structural impediments, the trajectory of Southern Europe’s economy offers a promising narrative of growth and transformation.One of the key drivers behind Southern Europe’s economic revival is the composition of its economy, which …

China Outlook for 2024: A Perspective from German Companies

China Outlook for 2024 A Perspective from German CompaniesIn the latest Business Confidence Survey (BCS) conducted by the German Chamber of Commerce in China, findings reveal a complex landscape of opportunities, challenges, and strategic shifts among German businesses operating in China. Conducted between September and October 2023, the survey engaged 566 member companies, offering a comprehensive insight into the German business sentiment within the Chinese market.Despite a slower-than-expected economic recovery with 52% of German companies that have been surveyed stated a decline in their industry, China’s importance to the German economy remains undiminished. As Germany’s most important trading partner for …

Komplexität meistern: EACs Global Sourcing Chroniken

Komplexität meistern: EACs Global Sourcing ChronikenIn den letzten Jahren hat EAC mehrere Unternehmen bei globalen und regionalen strategischen Beschaffungsprojekten in verschiedenen Branchen unterstützt, darunter Industrie, Mobilität, Bauwesen, Energie und Umwelt, Chemie und Konsumgüter. Bei der Durchführung dieser Sourcing-Projekte sind wir auf einzigartige Herausforderungen und unerwartete Chancen gestoßen. In diesem Artikel möchten wir ausgewählte Beobachtungen und Erkenntnisse unserer EAC-Beschaffungsexperten zusammenfassen.Wachsende Bedeutung nachhaltiger Beschaffungspraktiken In der heutigen umweltbewussten Welt ist Nachhaltigkeit nicht mehr nur ein zweitrangiges Anliegen, sondern integraler Bestandteil einer erfolgreichen Geschäftsstrategie. Dies konnten wir feststellen, als wir ein führendes europäisches Unternehmen bei der Suche nach potenziellen Lieferanten für vier verschiedene …

Navigating Complexities: EAC’s Global Sourcing Chronicles

Navigating Complexities: EAC’s Global Sourcing ChroniclesIn recent years, EAC has supported multiple companies in global and regional strategic souring projects across various industries, including industrials, mobility, building & construction, energy and environment, chemicals, and consumer goods. While executing these sourcing projects, we have encountered unique challenges and unexpected opportunities. With this article we would like to summarize select observations and learnings of our EAC sourcing experts.Rising Importance of Sustainable Sourcing Practices In today’s environmentally conscious world, sustainability is no longer a secondary concern; it is an integral part of a successful business strategy. We observed this while assisting a leading …

Charting China’s Course: A Journey Towards Openness

Charting China’s Course: A Journey Towards OpennessIn 2023, China witnessed a commendable growth in its Gross Domestic Product (GDP), achieving a 5.2% expansion for the year. This growth not only aligned with the government’s annual target but also showcased a robust performance, especially in the fourth quarter, where the year-on-year GDP surged to 5.3%, surpassing the 4.9% recorded in the third quarter. Despite these positive indicators, the Chinese government is gearing up to provide additional support to its economy and trade in 2024. In this EAC Executive Briefing, we will delve into the significant developments that unfolded in the latter …

China’s Two Sessions: GDP Growth and Implications

China’s Two Sessions: GDP Growth and ImplicationsKey Implications of GDP Growth Target in 2022 Despite China’s strong rebound in 2021 at 8.1% from 2020 at 2.35%, the target GDP growth for 2022 is set at a cautiously ambitious 5.5% as announced in China’s annual “Two Sessions” legislative meetings. In translation, this growth will encompass more than 11 million new urban jobs, a CPI increase of 3%, more than 650 million metric tons of grain output, 2.8% budget deficit-to-GDP ratio, and RMB 3.65 trillion domestic investment target. These plans are critical to China’s economic and social developments in 2022, as the …

Distribution in China: Obstacles and Success Factors

Distribution in China: Obstacles and Success FactorsIn the dynamic Chinese market, distributors are often ‘gatekeepers’ to drive growth. EAC experience shows that many foreign companies are faced with complex distribution challenges in China, ranging from reliance on legacy distributors, lack of transparency to e-commerce exposure. Choosing the right distribution approach and managing distribution partners most efficiently is crucial to succeed in China.Distributors are often ‘Gatekeepers’ for Growth in China Foreign companies face a range of challenges when managing their distribution setup in the vast Chinese market: Reliance on Legacy Distributors Unstructured selection of only one general distributor Lack of critical …