New Delhi: Geo-political challenges are continuing to alter established supply chains and companies are rebalancing their supply chains to address both resilience and efficiency, Tata Consultancy Services (TCS) Chairman N Chandrasekaran has said.
New global supply chain ecosystems are being created, with “India playing an important role in advanced manufacturing”, he mentioned in a letter to the shareholders on the company’s annual report for the fiscal year 2024.
After two years of recessionary fears, persistently high inflation, and unprecedented monetary tightening, the global macro-outlook looks relatively better now with improving growth, disinflation and monetary easing in sight, Chandrasekaran elaborated.