Batten down, ride out shipping storm
Ships are bypassing the Suez Canal, causing port congestion and longer transit times, despite a booming global trade in electronics. Increased freight costs and insurance premiums pose significant challenges. China's robust export growth strains container availability, affecting other Asian economies. Indian exporters face severe logistical hurdles, necessitating government intervention for inland shipping and preferential cargo treatment. This crisis is expected to persist until late 2027. India must enhance logistics, paperwork, and leverage its trade influence to navigate this turbulent period, thereby maintaining its comparative advantage despite universal shipping woes.
Economic Times · ET Bureau · Aug 10, 2026 at 5:39 PM