Rate shocks on services from China add to Indian importers’ woes

Indian importers sourcing goods from Asia continue to grapple with freight rate shocks. Indian manufacturers and retailers traditionally rely heavily on Chinese suppliers, so elevated shipping costs from the Strait of Hormuz supply chain choke point have resulted in a worrisome knock-on impact on their business dynamics. The latest data secured by The Loadstar from market sources points to a sharp Read full article →