Did you know that Supply Chain Management has emerged as a must-have degree, post the pandemic? “Incoming business students who once defaulted to finance or marketing now want to explore supply chain management”, says Alok Baveja, a professor at Rutgers Business School.
Today, we are used to consuming more data in a day than we did in an entire month a few years ago. Indians spend an average of 5 hours a day on their smartphones as per a recent report by Ericsson Consumerlab. We have instant access to groceries, apparel, entertainment, healthcare, payments, education; all possible due to this internet boom. It has made our lives convenient, given us more information at our disposal as consumers, and also given us more power to be heard. How does this change the equation for marketers?
Over the years, case studies have become a highly effective tool used by successful people to improve on their analytical skills, domain knowledge and communication. The professionals who learn from the success or the mistakes made by others are usually one step ahead of others. So much so that, it’s even become an important sales strategy too.
Several years down the line, when the lasting impact of the pandemic is discussed, supply shortages of food and other essential goods will surely be one of the top headlines with the photos of empty supermarket aisles. The frantic stocking-up of these goods might be passé, our stores might have been replenished, but the fragile supply chains have been exposed during these two years. What does this mean for working professionals, managers, or even management students? How does this affect your career? To read more, click here - Supply Chain Management Salary Figures - INR 15 Lakhs
Reliance Retail Ventures Limited recently partnered with 7-Eleven, a Texas-based convenience store chain and the first shop came up in Mumbai. But Reliance is already present in the segment with chains such as Reliance Fresh, Reliance Digital, Reliance Trends, Reliance Smart, and others. So, Why is it that Reliance is building this massive network of stores across the country when the world is moving digital? Is this a threat to Walmart and Amazon for their operations in India? With these massive players gaining a lot of ground in India, how are shopping and retail going to change for you and me?
With an industry size of $215 billion, CAGR of over 10%, employing over 25 million people; the Supply Chain industry is the backbone of India’s economy. The pandemic accentuated supply chain weaknesses, with nearly 75% of companies worldwide experiencing disruptions when their supply chain juggernauts came to a screeching halt. Therein, lies both the problem and the opportunity for India’s skilled professionals.
ITC’s market cap is upwards of INR 280000 Cr and the company’s turnover is north of INR 51000 Cr (2020). The company has 26000 + employees and owns brands like Wills Lifestyle, Classmate, Engage, Vivel, Aashirvaad, Bingo, Yippee, Sunfeast, and many more. Although the company's revenue and profit are growing, the stock price isn't. The company's stock price has actually gone down in the last 5 years while the revenues surged from 44000 Cr to 51000 Cr.
While being focused on doing the MBA may serve you until you reach a business school, making career decisions after that point could be challenging if you don't have a clear understanding of the future that awaits young professionals at top corporations.
Did you know that Supply Chain Management has emerged as a must-have degree, post the pandemic? “Incoming business students who once defaulted to finance or marketing now want to explore supply chain management”, says Alok Baveja, a professor at Rutgers Business School.
Today, we are used to consuming more data in a day than we did in an entire month a few years ago. Indians spend an average of 5 hours a day on their smartphones as per a recent report by Ericsson Consumerlab. We have instant access to groceries, apparel, entertainment, healthcare, payments, education; all possible due to this internet boom. It has made our lives convenient, given us more information at our disposal as consumers, and also given us more power to be heard. How does this change the equation for marketers?
Over the years, case studies have become a highly effective tool used by successful people to improve on their analytical skills, domain knowledge and communication. The professionals who learn from the success or the mistakes made by others are usually one step ahead of others. So much so that, it’s even become an important sales strategy too.
Several years down the line, when the lasting impact of the pandemic is discussed, supply shortages of food and other essential goods will surely be one of the top headlines with the photos of empty supermarket aisles. The frantic stocking-up of these goods might be passé, our stores might have been replenished, but the fragile supply chains have been exposed during these two years. What does this mean for working professionals, managers, or even management students? How does this affect your career? To read more, click here - Supply Chain Management Salary Figures - INR 15 Lakhs
Reliance Retail Ventures Limited recently partnered with 7-Eleven, a Texas-based convenience store chain and the first shop came up in Mumbai. But Reliance is already present in the segment with chains such as Reliance Fresh, Reliance Digital, Reliance Trends, Reliance Smart, and others. So, Why is it that Reliance is building this massive network of stores across the country when the world is moving digital? Is this a threat to Walmart and Amazon for their operations in India? With these massive players gaining a lot of ground in India, how are shopping and retail going to change for you and me?
With an industry size of $215 billion, CAGR of over 10%, employing over 25 million people; the Supply Chain industry is the backbone of India’s economy. The pandemic accentuated supply chain weaknesses, with nearly 75% of companies worldwide experiencing disruptions when their supply chain juggernauts came to a screeching halt. Therein, lies both the problem and the opportunity for India’s skilled professionals.
ITC’s market cap is upwards of INR 280000 Cr and the company’s turnover is north of INR 51000 Cr (2020). The company has 26000 + employees and owns brands like Wills Lifestyle, Classmate, Engage, Vivel, Aashirvaad, Bingo, Yippee, Sunfeast, and many more. Although the company's revenue and profit are growing, the stock price isn't. The company's stock price has actually gone down in the last 5 years while the revenues surged from 44000 Cr to 51000 Cr.
While being focused on doing the MBA may serve you until you reach a business school, making career decisions after that point could be challenging if you don't have a clear understanding of the future that awaits young professionals at top corporations.
