Diving into Indian Markets—Is India Ready for Product Risk Management?

Is Your Business Prepared for the Growing Challenges in Product Risk and Obsolescence Management?

India’s engineering exports surged from $65 billion to $107 billion between FY2017 and FY2022 (EEPC), a testament to the country’s manufacturing boom. But with growth comes risk.

Global supply chain disruptions—from COVID-19 to China-Taiwan tensions and Trump's Tariffs—have highlighted vulnerabilities in sourcing critical components.

🔹 How resilient is India’s supply chain to global disruptions?

🔹 Are Indian manufacturers prepared for proactive obsolescence planning?

🔹 How do hidden risks impact production costs, delivery capacity, and profitability?

The Rising Cost of Obsolescence in India’s Manufacturing Sector

Did you know? Redesign projects triggered by part obsolescence can cost anywhere between $30,000 and $33 million, depending on the industry and component type (Flip Electronics).

When proactive strategies aren’t in place, companies face:

• Unplanned production stops @ $2M/hr. and stock-outs—leaving orders unfulfilled

• Lost market shares due to delays in deliveries

• Penalty charges for delayed deliveries @ 5 - 20% and skyrocketing firefighting redesign costs

For Indian businesses reliant on global suppliers, ignoring product lifecycle risks isn’t an option—it’s a financial liability.

Global Risks, Local Impact: Why Indian Manufacturers Need a Strategy Now

Indian manufacturers are heavily dependent on imported components, making supply chain resilience and product lifecycle management critical.

Without a structured approach to obsolescence management, businesses are exposed to:

• Unforeseen component shortages

• Last-minute sourcing challenges and inflated procurement costs

• Unnecessary redesign costs due to outdated or unavailable components

Solution?

Companies that adopt lifecycle management and obsolescence planning safeguard long-term profitability, reduce costs, and improve delivery capacity.

Building Industry Awareness: Collaborations and the Road Ahead

To bridge the knowledge gap and help Indian businesses navigate these risks, we are excited to collaborate with leading corporations and institutions such as:

• Global leaders within the automotive and wire processing industry such as Catalydd, Mahindra, and Komax

• Sardar Patel College of Engineering, Mumbai—hosting workshops to educate businesses on risk mitigation strategies and student's on best design practices

• Industry events and expert forums—spreading awareness on proactive obsolescence and supply chain resilience strategies

Is Your Business Future-Proofed?

Without structured product risk management, obsolescence planning, and supply chain resilience, businesses remain vulnerable to costly disruptions.

Want to secure your supply chain and reduce costs? Let’s discuss how proactive strategies can future-proof your operations.

Exchange at Sardar Patel College, Mumbai

Exploring Business Opportunities with Komax, a Forefront Wire Processing Innovation Leader