Vizhinjam gets a head start in its quest to be a major transhipment hub
Vizhinjam Port, touted as India’s “hub counter” to Colombo in Sri Lanka, is gaining interest ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Indian manufacturers and retailers are struggling against an onslaught of supply chain disruption sweeping across Asian markets, threatening industrial and export trade growth in of the emerging market.
According to updates from market sources, industrial supplies into India from the Far East have been hit hard by container shortages and soaring freight rates, on top of unpredictable delivery schedules.
“For ex-works or FOB (free on board) loads, we are finding it difficult to get vessel space from Asian region ports,” said the executive. “Once the space is managed somehow, container availability becomes the next irritant.”
Shippers also pointed to early signs of container equipment shortages for exports to Europe as demand picked up ahead of the traditional cycle for the upcoming holiday season. And according to Indian forwarders, the pressure is more on 20ft standard boxes for export stuffing at factories.
According to sources, Singapore Port has seen some 1,000 ship calls this month, up from about 600 last month.
India has lately been touted as an alternative sourcing destination amid the trade diversification from China. Thanks to New Delhi’s accelerated policy reforms and other incentive schemes, global investors – particularly in electronics verticals – have opened new production lines. However, China continues to be a hotspot for procuring raw materials and components for production and supply chain hiccups can complicate business target plans for “Make-in-India” stakeholders.
Despite New Delhi’s efforts to expand global market access, China continues to top India’s global trade chart. But industry analysts see India as a long-term potential beneficiary of the “China-plus-one” supply chain reconfiguration.
Real estate development heavyweight Jones Lang LaSalle today placed high bets on India. Chandranath Dey, head of operations and business development at JLL (India), said: “The Made-in-India initiative, industrial corridor development programmes, production-linked incentives, semiconductor missions and (modified) national logistics programmes have helped propel the India story globally.
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