Jet Airways, India’s one of the most successful airlines company. Which was started by Naresh Goyal, the person who managed many problems by himself in Jet Airways. And recently Jet airways have shut down its operations. What are the mistakes lead Jet airways to down? What are the Jet airways crisis reasons?
Reasons for Jet airways Crisis:-
One of the Jet Airways crisis reasons is overpriced or expensive purchases. Jet airways always buying assets on original rates or much higher. Where they can go it for a discounted price. Which happened in 2007 where jet airways brought Sahara Airlines is one of the expensive purchase has been stated. Then purchase of the Boeing 777 and Airbus A330 which are not needed by the time. And using them in a not profitable way. Which creates a more operational cost to the company.
Naresh Goyal was one of the most successful businessmen. But when it comes to decision making he listens to only himself. When his subordinates share their ideas, these ideas will be accepted by Naresh Goyal when he likes even if the idea is good or bad. There were many analysts recommended about to not buy Boeing 777 planes still, he listens to himself.
Loss of investors confidence
During the crisis, there are companies which came to save Jet. Like Delta Air Lines which came to buy the shares for 300 rs, but Goyal Asked about 400 rs later share value fell from the 300 to 200 rs. Later the Tata groups came to help but jet declined it. Whereas Naresh Goyal knows many VIP’s, VVIP’s from India but instead of asking help from them, he went back to Etihad Airways. Which lead to loss of upcoming investor’s confidence.
Jet Airways crisis reasons are not just these three. But there are many other reasons, whereas these are one of the most important reasons. In the case of Jet Airways, Naresh Goyal dictatorship which leads to the downfall of Jet Airways.
Have you ever noticed one of the most valuable company aka Apple how the company feels responsible towards the environment by making its products? How much of the natural resources extracted every year? And how the company wanted to protect the environment and use of its resources?
Apple the company know for price skimming, products and also for Steve Jobs. It is the multinational technology company that designs, develops and sells electronic products, computer software, and online services.
“Apple is one of the big four companies followed by Google, Amazon, and Facebook.”
How the company saves resources?
Apple uses most of the natural resources from the Old phones, laptops etc.. That is recovering the precious resources from old products, and use them again to build the new products.
So that Apple changed the traditional supply chain to closed-loop supply chain in 2017.
Closed-Loop Supply Chain
It is combination of traditional supply chain aka Forward logistics (i.e. Manufacture -> Wholesaler -> Retailer -> Customer) and similarly, Reverse Logistics (i.e. Customer ->Retailer ->Wholesaler -> Manufacture). That is, the company sell the device to the customer through various means and after device functionality is stopped, the customer can return or sell it to the company. In addition, the company can reuse for future devices. Where “closed loop” refers to the recover the value from unused products while minimizing the wastage of resources.
HOw apple uses Closed-loop supply Chain?
This where Apple uses the trade-in offer. Where the customer can trade-in their iPhones or other devices to the company in return you can get the apple gift card or refund or discount on exchange with new Devices.
The four aspects of a closed-loop supply chain:
Source: Use recycled or renewable materials that are responsibly sourced.
Make efficiently: Design and manufacture products to minimize the use of materials.
Use for a long time: Design products to be durable, so they can have long lives.
Contribute: Restore market supply with an amount of recycled, reclaimed, or renewable material at least equal to the amount used to make the product.
Meet Daisy, Apple’s ultimate recycling robot
Apple’s Daisy is the newest disassembling robot, which is the most innovative and efficient way to reclaim its parts from the iPhone. Up to 200 iPhones are disassembled per hour, removing and sorting components. Daisy can recover minerals that traditional recycler can’t and with higher quality.
For instance, Daisy can recover for every 100,000 iPhone devices:
Aluminum 1900 kg
Gold 0.97 kg
Silver 7.5 kg
Rare earth elements 11 kg
Tungsten 93 kg
Copper 710 kg
Palladium 0.10 kg
Tin 42 kg
Cobalt 770 kg
Tantalum 1.8 kg
This show that apple’s Daisy is one of the finest robot for recycling. In addition to that Daisy was build by apple’s R&D Department in 2016. However, Daisy will process end-of-life iPhone 5, iPhone 5s, iPhone SE, iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone 7, and iPhone 7 Plus devices that are returned to us by customers or via AppleCare.
What motivates the company towards Sustainability?
Apple is always want to less of natural resources and more of the recycled resources.
The Company is also making consumers to be part of recycled resources by returning or trade in the old devices of apple.
Apple is also innovating new technology not only for consumer products but also for recycling technologies (Daisy) and other environmental safeties.
Apple’s: sustainable marketing by making new products is all about, what Apple is doing to save resources. Apple is not just recycling its product, they’re also making costumer participation in sustainable marketing. The company is also making costumer making to think that there is also part of recycling the product for the environment. Apple is investing in R&D Department also for sustainability and environmental safeties. Every Apple user needs to use trade-in offer use the benefits and take part in saving the limited resources.