Indian exporters are facing the prospect of another container shortage, adding further strain to an already struggling sector. This warning comes from the Global Trade Research Initiative (GTRI) and highlights the ongoing challenges in the global supply chain.
The report cites concerns that China is stockpiling containers in anticipation of potential trade restrictions on its exports, particularly to the US and Europe. This strategy could significantly reduce the availability of containers for Indian exporters, pushing freight costs upwards and hindering their ability to compete in the international market.
GTRI emphasizes that India’s heavy reliance on foreign shipping lines and containers makes it particularly vulnerable to such disruptions. The report urges the Indian government to take decisive action to address this issue. Investing in domestic container production, strengthening the country’s shipping industry, and modernizing port infrastructure are all seen as crucial steps towards building a more resilient and competitive export sector.