Navigating Complexities: EAC’s Global Sourcing Chronicles In 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 …
The Future: India’s Construction Equipment Industry thrives on Sustainability and Innovation Trends
Building the Future: India’s Construction Equipment Industry thrives on Sustainability and Innovation Trends The construction equipment industry in India is about to undergo a significant transformation. An expanding economy, rising urbanization, and large-scale infrastructure projects have all contributed to an increase in the need for construction equipment. The industry recorded the sales of 107 thsd units in FY’23 and is expected to grow at 7% CAGR during FY23-30. It is world’s 3rd largest market and is currently valued at 6.1 bln EUR with earthmoving equipment segment being the majority contributor at 72% share.Key Growth Drivers: Infrastructure Development Projects: Large-scale government …
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