The world’s most easy to use AI powered supply chain visibility platform – organized a round-table event on 10th October at Courtyard by Marriott, Mumbai. The GoComet organized event brought together supply chain leaders Tata Motors, Raychem, HR Johnson, Ashok Leyland, CEAT, Camlin, Godrej, Borosil, Indofil, NEC, Interport Global, Synthite amongst others to talk about supply chain sustainability and green practices of today.
Opening Remarks
The event kicked off with an opening note by Mr. Chitransh Sahai, Co-founder, GoComet. In his opening remarks, he highlighted India’s unique cultural diversity, saying “ Sustainability transcends borders, and India’s multifaceted culture offers fresh perspectives to the global conversation ”. He emphasized the importance of regional context based innovation to define success
Mr. Pankaj Gaur – Deputy General Manager – Tata Motors, was then invited to deliver the first keynote address of the event. He emphasized on how –
➔ Sustainability has evolved from a buzzword into a fundamental aspect of global business operations.
➔ Data and AI to play a pivotal role in aiding profitable sustainability efforts
➔ Collaborative supply chains are vital for reducing waste and emissions, benefiting businesses, especially Indian SMEs.
In conclusion, Pankaj Gaur stressed that sustainability and profitability are not opposing forces but mutually reinforcing. Solutions like GoComet’s offerings are instrumental in promoting responsible business practices and sustainable growth
Following the interactive keynote shared by Pankaj Gaur, a candid and insightful discussion unfolded pulling participation from Mr. Vijay G., Deputy Manager (Supply Chain) from Ashok Leyland, and Julius Paul Gonsalves., AGM- International Logistics at Borosil Group
They emphasized the growing significance of sustainability in the logistics, supply chain, and EXIM industries. The consensus was that sustainability is no longer a peripheral consideration but a central element that should be woven into the fabric of these industries.
Keynote 2 {Sustainability and Profitability}
Following which the stage was opened up to Mr. Rajshekhar Mudaliar, Manager Export Operations & Logistics, CEAT, where he led a captivating discussion on “Can Sustainability and Profitability Go Hand in Hand?”
➔ Mr. Rajshekar highlighted the urgency of sustainability in India’s booming logistics market, with a projected CAGR of 8.36% and a market size of $650.52 billion by 2028.
➔ He added, sustainable practices not only reduces environmental impact but also cuts logistics costs by 20-25%, enhances brand reputation, and fosters customer loyalty, based on a study by the National Productivity Council (NPC).
➔ He delved into the tire industry, focusing on CEAT, addressing challenges in responsibly sourcing materials and improving distribution efficiency.
As Mr. Rajshekar concluded his keynote, he left the audience with a thought-provoking question: Can the industry transition from a linear supply chain model to a circular one, effectively reducing waste, while championing recycling and extending product life cycles?
In conclusion, the GoComet round-table event successfully emphasized the growing importance of sustainability in the business world. It showcased how sustainability and profitability can coexist, debunking the old notion of conflict between the two. The evening concluded with networking over dinner and drinks, fostering connections and collaboration. It was a clear testament to the evolving landscape of responsible business practices.
