&w=3840&q=100)
No indications of US market slowing down due to tariff: TVS SCS MD
Shine Jacob Chennai
Listen to This Article
TVS Supply Chain Solutions (TVS SCS), one of the largest integrated supply chain solution providers in India, is on a wait-and-watch mode after the US tariff announcement, as the North American market contributes a considerable share of its revenue. Managing Director Ravi Viswanathan speaks to Shine Jacob about the geopolitical crisis in West Asia, the company's US market strategy, and on alternative supply chains, in a virtual interaction with Shine Jacob.
Your revenue is almost touching ₹10,000 crore. What's your outlook regarding revenue growth?
What is most exciting is the quality of customers we are adding. The tally of our

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
a day ago
- Time of India
HRTech startup Darwinbox raises $40M from Canada's TVG
Hyderabad: HRTech startup Darwinbox raised US$40 million (approx. Rs 350 crore) from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan (OTPP). Though the Hyderabad-based startup did not disclose the quantum of stake TVG has acquired, it said the Canadian fund picked up stake through primary and secondary transactions. The latest round comes less than six months after Partners Group and KKR led a $140 million funding round, which largely included a secondary fundraise where some of the early investors offloaded a portion of their stake and a small primary fundraise component. Darwinbox also has investors such as Microsoft, Salesforce, Peak XV, Lightspeed, and TCV. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad The startup said this funding will enable it to fuel its Agentic AI-led innovation and global expansion plans, especially in the North American market, where it claims 3X growth year-on-year since its entry in 2022. Darius Vakil, Director, TVG India, said their investment will help Darwinbox leverage their global network and expertise to drive future growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Starting ₹2.20 Cr* All Inclusive Park Crescent at Alembic City, Vadodara – Luxury Homes Alembic City West Learn More Undo Darwinbox co-founder Jayant Paleti said the investment will help it scale to the next stage. "HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap," he added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Krishna Janmashtami Wishes ,, messages , and quotes !

Hindustan Times
2 days ago
- Hindustan Times
Beyond Meat misses quarterly revenue estimates as plant-based demand weakens
Beyond Meat missed Wall Street estimates for second-quarter revenue on Wednesday, hurt by weak demand for its plant-based meat products in the US amid ongoing macroeconomic uncertainty. Beyond Meat's products are meant to mimic the taste, texture, and cooking experience of animal-based meat.(Reuters) Shares of the company, which also announced a 6% reduction in its global workforce, fell about 4% after the bell. U.S. consumer demand for plant-based meat continued to decline this quarter amid skepticism over taste, processing and price. Macroeconomic uncertainty has pressured consumer spending in the U.S., prompting many to opt for cheaper animal protein. "Consumers' growing concerns about processed foods are severely diminishing the appeal of Beyond Meat's product line, causing retailers and quick service restaurants to pull back sharply on orders," Rachel Wolff, analyst at Emarketer, said. Retail sales of refrigerated plant-based meat alternative products in the U.S. have fallen 17.2% so far this year, and frozen plant-based meat alternatives have fallen 8.1%, according to data from SPINS. The El Segundo-based company said it will lay off 44 North American employees to cut costs, incurring a one-time charge of $0.8–$1.3 million. Revenue for the quarter ended June 28 fell nearly 20% to $75 million, compared with analysts' average estimate of $82 million, according to data compiled by LSEG. It also reported a loss per share of 43 cents, compared with estimates of a 37-cent loss. The company withdrew its annual sales target, citing macroeconomic volatility, earlier in May.


Economic Times
2 days ago
- Economic Times
Plant-based pioneer Beyond Meat struggles with cash crunch, considers bankruptcy
Synopsis Beyond Meat, a plant-based meat company, may face bankruptcy. Sales are declining, and debt is rising. Competition in the plant-based market is increasing. The company is trying to cut costs and restructure. The US market for plant-based meat is growing slowly. Beyond Meat is expanding its product line. The company hopes to overcome these challenges. Reuters FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS//File Photo Plant-based meat pioneer Beyond Meat is facing a potential Chapter 11 bankruptcy after reporting falling sales, dwindling cash reserves, and mounting debt, according to which confirmed it on August 12. Once credited with creating the market for meat-like plant-based products, the company now struggles amid increased competition and a slow-growing niche in the second quarter of 2025 dropped nearly 20 per cent year-over-year, highlighting weakness in US retail channels and select international markets. Analysts say the proliferation of competitors offering similar plant-based products has eroded Beyond Meat's early advantage, leaving the company Meat currently holds $117.3 million in cash but $1.2 billion in debt. According to InvestingPro data, the company's overall financial health score is rated as WEAK, with a concerning debt-to-capital ratio of 86 per cent. To address these challenges, the company has appointed restructuring expert John Boken as interim Chief Transformation Officer and cut 44 North American jobs, representing 6 per cent of its workforce. Management is also pursuing cost reductions and operational efficiencies to stabilize the business. According to the Street, the US plant-based meat market has grown slowly, from roughly $939 million in 2019 to an estimated $3.4 billion in 2024, with projections reaching $6.1 billion by 2030. Beyond Meat has attempted limited product expansion beyond beef, pork, and poultry alternatives, but early consumer tests indicate these efforts appeal only to a narrow Meat, Inc. is an American company that produces plant-based meat substitutes designed to mimic the taste and texture of traditional animal-based meat. Founded in 2009, the company aimed to provide sustainable alternatives to beef, pork, and poultry using ingredients such as peas, beans, lentils, faba beans, and brown Meat products are marketed as non-GMO and free from animal products, appealing to vegetarians, vegans, and flexitarians. Its product line includes Beyond Burger, Beyond Sausage, Beyond Beef, and other plant-based protein items available in grocery stores and restaurants globally. The company became a public entity in 2019, attracting attention for its innovative approach to sustainable food. Despite early success, Beyond Meat faces challenges from rising competition, slow market growth, and operational costs, which have recently put the company at financial risk.