Investing in technology to improve supply chain visibility can enable proactive decision-making during disruptions.

Investing in technology to enhance supply chain visibility and enable quick decision-making can proactively manage supply chain risks, says V. G. Sakthikumar, Managing Director of SCHWING STETTER INDIA.

What advancements drove the evolution of concrete equipment procurement in Indian construction and infrastructure in the past decade?
In the past decade, the procurement process for concrete equipment in the Indian construction and infrastructure sectors has evolved significantly. Various factors, including government spending on infrastructure projects, rising demand for construction projects, and technological advancements in the industry, have driven this change. The Government of India has announced plans to invest around $1.4 trillion in infrastructure projects until 2025, further boosting the construction equipment industry.

How do technology and innovation impact concrete equipment procurement?
Technology and innovation have significantly impacted procuring concrete equipment in the Indian construction industry. Advances in technology have led to the development of more efficient and effective equipment, which can improve productivity and reduce costs. For example, our tech-upgraded machines that carry IoT and geo-positioning features are now highly preferred by our customers as they receive easy real-time updates. Furthermore, technological advancements have also led to the development of more sustainable and environmentally friendly construction practices.

What challenges does the industry face while procuring this equipment?
Indian procurement managers face various challenges when procuring concrete equipment, such as supply chain risks, compliance with local laws, and ensuring sustainability and environmental efficiency. To tackle these challenges, procurement managers may adopt best practices, such as working with suppliers to innovate and optimise scalability and performance. They may also leverage emerging trends and opportunities to remain competitive.

What emphasis do the equipment manufacturers and project managers place on sustainability and environmental efficiency?
Equipment manufacturers and project managers in the Indian construction industry increasingly emphasise sustainability and environmental efficiency, recognising the importance of reducing the environmental impact of construction practices. Technological advancements in concrete and construction equipment allow for more sustainable construction practices, such as using electric or hybrid equipment to reduce emissions and recycling equipment to reduce waste generated during construction.

How does compliance with local laws work in the concrete industry in India? How is it ensured, and what issues exist?
Compliance with local laws is critical in the concrete industry in India, and companies must ensure that they adhere to regulations governing safety, environmental protection, and emission norms. Compliance is typically ensured through regular audits and inspections by government agencies and self-audits conducted by companies.

What are the best practices for managing supply chain risks in the Indian concrete business?
Managing supply chain risks is critical in the Indian concrete industry. Best practices to manage these risks include building strong relationships with suppliers, diversifying suppliers to reduce dependence on any one supplier, and conducting regular risk assessments to identify and mitigate potential disruptions in the supply chain. Additionally, companies may adopt a proactive approach to supply chain management by investing in technology that can improve supply chain visibility and enable faster decision-making in response to disruptions.

How can working with suppliers to innovate concrete equipment scalability enhance competitiveness in the market?
Working with suppliers to innovate and optimise the scalability of concrete equipment can lead to several benefits. These include improved performance of the equipment, increased efficiency and productivity, reduced costs, and enhanced overall profitability. Furthermore, working with suppliers to innovate can help companies stay ahead of competitors and remain competitive.

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