Crisis forces small businesses to get creative for smooth supply chain movement
Synopsis
An overwhelming set of supply chain challenges is making it difficult for MSMEs to plan their operations effectively. They have to find a smarter way to work around these problems or perish.
The last few months have been an interplay of struggle and strategy for Bengaluru-based Jayanth Mutha, Director of agri-electrical company Himlite Products. Mutha has been struggling to source electrical components for his business for three months now. But long delays and soaring costs are proving to be insurmountable barriers.Four-6-week lead time has now compounded to 24-52 weeks, and costs have spiked three-fold. Eventually, he had no choice
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-