India Inc to increase investments by almost 3.5X by 2026 to digitize, automate, relocate supply and production facilities, says Accenture

Companies in India are ramping up regional suppliers and production facilities to become less vulnerable to disruption. Per a research by Accenture, by 2026, 63 per cent of companies in India intend to buy most key items from regional suppliers, up from 34 per cent currently. The report “Resiliency in the making” said that 77 per cent organisations in India are planning to produce and sell most of their products in the same region by 2026, up from the current 29 per cent.

According to the report, leaders are prioritizing proximity-based hubs that concentrate production facilities and sales within the same region to streamline logistics,