Sweeping changes in geopolitics, logistics and cost structures have transformed global supply chains since 2016. Today’s sourcing and procurement professionals look well beyond China for manufactured products, materials, components and systems. At the same time countries such as India, Bangladesh, Vietnam have upscaled their manufacturing capabilities; their companies have modernized, and in many cases, their governments have incentivized local manufacturing as a way to lift tens of millions of rural youths out of poverty.
Consumer oriented companies such as Amazon, Tesco and Walmart have boosted procurement from India while Amway, L’Oreal, Procter & Gamble and Unilever have expanded India manufacturing. Technology companies such as GE Aerospace and General Atomics have been permitted by the U.S to share the technology to manufacture defense jet engines and advanced armed drones at Indian partners. Indian pharmaceutical companies supplies generic drugs to over half the American population and much of the rest of the globe; while the largest global vaccine producers by volume are located in Pune, Hyderabad and Mumbai, India. We coined the term “China Plus One” over ten years ago and it has become reality now. India is among the top ten trading partners to the United States today, and continues to rise. Read about recent India procurement news.
For 22 years, Amritt specialists have helped American, Canadian and European companies expand their supply chains into India. We have worked in aerospace, defense, electronics, engineering product, food products, medical devices, medical disposables. metal parts (ferrous and non-ferrous, machined, formed, pressed, forged), personal care (soaps, ointments), packaging materials, pharmaceuticals including biopharma, plastics, and much much more.
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