Supply Chain Management Introduction & Significance In New Normal

From the Mentor’s Desk

In the era of competition, it is imperative for students to be prepared for the ever-changing business environment. Knowledge creation plays an important role to learn to tackle the dynamic nature of business.

I appreciate and congratulate the initiative of club KAIZEN for bridging the gap between corporate world and academia through LAKSHYA which is an excellent platform where industry practitioners, academicians and researchers can share their knowledge and experience, acting as a beacon guiding students to reach their goal.

My best wishes to club KAIZEN in their endeavour of knowledge creation through LAKSHYA.

Nishit Kumar Srivastava Mentor, Club Kaizen

Faculties Insight

Mrs. Pavana Jyothi Assistant Professor-IBS Hyderabad

Nature has solved one of the world’s greatest problem – the Suez trouble ends

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It is not the technology, not the human mind, not the super power nations - but the nature (MOON) has solved one of the world’s greatest problems, that was originally created by the nature (WIND) – the Suez trouble ends:

A giant container ship, the Ever Given vessel, ran aground in Egypt's Suez Canal after a gust of wind blew it. Tuesday (23/3/2021), bringing marine traffic to a halt along one of the world's busiest trade routes.

The Taiwan-owned MV Ever Given, a 400-metre1,300-foot-long and 59-metre wide vessel, loaded wait of 220000 Tons, carrying 20000 containers lodged sideways and impeding all traffic across the waterway as excavation trucks struggled to dig it out.

Is it so big and important news for the world? Certainly Yes.

Before we get into more details of this crisis which ended on 29/3/2021 after a log week of traffic halting on the Suez Canal. Let’s quickly understand the importance of it.

• It connects two continents – Asia and

Europe • Very critical for Indian Export Import trade • India imports major parts of its crude oil through this canal • Very important in global supply chain • Reduces the distance between India and

Europe by 7000 KM • 10% of the all global trade flows through the canal • Crude oil, minerals, livestock and many more are travelling through this canal