In the last two or three months that there are certain products which are not available in the country and that is partly due to commitments for outside exports
While talking about challenges for 2023, Abhinav Garg, General Manager Food and Beverage, New Shop said that what we’re seeing is that this has already started from January and there is a major material scarcity.
“We’ve already seen in the last two or three months that there are certain products which are not available in the country and that is partly due to commitments for outside exports,” Garg added.
He further said that from the fast-moving consumer goods (FMCG) point of view, there is a lot of consumer demand and a mental paradigm shift which has happened because these data projections in terms of forecasting have become inaccurate.
“I think the supply chain problem after Covid-19 that all of us are experiencing, especially semiconductors. People didn’t even hear what a semiconductor was about years back. Whatever the world was expecting in the next five years, actually happened in two years and the consumption of electronics went down especially screens. And whenever you connect the screen, there are microchips that are involved, and the spike and the disruption happens so widely, the sales went up by 200 per cent in the world,” Avneet Singh Marwah, Director & CEO, Super Plastronics.
He added that the whole transformation was going on. Suddenly, second wave, third wave came in, and globally the sales were completely down.
By Himanshu Ojha, Correspondent, BW Businessworld