Rain Industries Limited (Rain), through its wholly owned subsidiary Rain Carbon Inc., produced upcycled carbon products from the by-products of steel and petroleum and other industries. The demand- and supply-driven shifts and various sustainability initiatives by industries both downstream and upstream in Rain’s existing supply chain could prove to be disruptive, requiring strategizing and future-proofing. When the Government of India’s Ministry of Commerce and Industry banned the import of green petroleum coke, also called petcoke, in 2018, Rain’s chief financial officer had to decide whether it was the right time to identify and implement different supply chain risk mitigation measures.
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