scorecardresearch
Tuesday, Feb 07, 2023
Advertisement

Samsung tops list of 25 major supply chain cos in Asia pacific

Tata Motors has been placed at the fifth place in list.

Korean electronics major Samsung has been ranked at the top in IT research firm Gartner’s list of 25 major performing supply chain organisations in Asia Pacific region.

Chinese PC and mobile devices maker Lenovo bagged the second position,backed by impressive revenue growth and inventory turns,Gartner said.

Homegrown auto major Tata Motors has been placed at the fifth place in list of top performing supply chain organisations headquartered in Asia Pacific.

Besides,five new companies — Haier,Flextronics,Honda Motor,Canon and LG Electronics — entered the top 10 in 2013,the research firm said.

Subscriber Only Stories
UPSC Key- February 7, 2023: Know about Turkey and Syria Earthquake, Ex si...
Joe Biden’s a great President. He should not run again
In this Bengal district, solid, plastic waste management now a people’s m...
Delhi Confidential | GOAT & the gift: PM Narendra Modi gets a Lionel ...

Electronics company Haier was placed at the third position while Korean auto maker Hyundai was at fourth place in the list.

“Despite some key challenges,supply chain leaders in Asia Pacific demonstrated commitment to demand-driven excellence,” Gartner said.

According to Gartner,more organisations from Asia Pacific will strive to dominate the world stage by creating a demand-driven global value network with local execution capabilities.

Advertisement

In the global rankings,Samsung improved its position by five slots to No 8 position. On the other hand,Lenovo improved its global ranking by 23 spots,placing the organisation at No 20 for 2013.

On Samsung,Gartner said,”With a vision of gaining competitive advantage through product and process excellence,it achieved first place in 2012 for smartphone and overall mobile phone sales worldwide.”

The company’s advanced and highly integrated supply chain spans product,process and people,a key reason for Samsung’s success,it said.

Advertisement

Lenovo’s hybrid supply chain model demonstrates advanced segmentation and supply chain analytic capabilities,which helped the company to reduce costs while significantly improving delivery performance.

Among top 10,Toyota Motor was at sixth,Flextronics at seventh and Japanese auto maker Honda Motor at eighth place.

Imaging products major Canon and Korean electronics giant LG were at ninth and tenth places respectively.

Gartner research director Debashis Tarafdar said supply chain executives could apply the best practices from these leaders to improve their operations in the region.

“Mixed economic performance,volatility of demand,rising costs,a tighter labour market,a shortage of talent and regulatory pressures continue to weigh on Asia Pacific supply chains in 2013,” Tarafdar said.

Advertisement

The research company said that it expect many organisations to invest significant resources in re-evaluating their supply network and developing lean manufacturing practices to improve long-term supply chain stability.

“As supply chains increasingly become a key differentiator and an enabler of business growth,talent acquisition and retention assumed high priority as well,” it said.

Advertisement

It however said that overall the three-year weighted average revenue growth for the top 10 Asia Pacific companies slowed down almost 25 percent year over year.

First published on: 28-08-2013 at 20:43 IST
Next Story

Fall in Indian rupee not necessarily a bad thing: Nordea AMC

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close