Supply Chain Challenges in India: An Empirical Insight

Abstract

Supply Chain Management (SCM) is introduced to be one of the  significant  areas of research for optimization of the flow of products, services and information from right source to  right destination at right cost and at right time. Contribution of SCM  towards augmentation of diverse segments (like trading, manufacturing, production, operation, real estate, agriculture, health care, tourism etc) of the economy is immense. SCM in India is considered as an emerging sector which shares an outlay of around 13% of  gross domestic product in the country. Projection reveals that the overall logistics and supply chain market is likely to grow at a CAGR of 7% in years to come. However, despite intensive research undergone on supply chain practices all over the world, the Indian supply chain has not yet been able to climb an appropriate height. Considering this backdrop, the present study at the outset aims in having an overview of Supply Chain Management practices in India. The same brings to light diverse issues and subsequent challenges therein. An attempt is made as well to suggest pragmatic reforms  in order to overcome the apparent challenges. The methodology adopted here is based on the secondary sources of information along with a semi-structured primary investigation carried out for the purpose. Special focus is bestowed upon to intensify the project through qualitative responses gathered on current logistics infrastructure and supply chain practices in the country. Findings infer that an intelligent Supply Chain Management is vital to industrial  firms operating in modern competitive world. Focus must  be on a collaborative approach and an adequate infrastructure with a sound logistics network backed up by uninterrupted communication technology. As such, the research is in a position to conclude that an objective endeavor in this regard is a burning need of the hour. The current study happens to be an attempt and provides with an empirical insight at micro level in said direction.