India’s Container Trade Severely Impacted on Low Supply, Demand this Year, Says Maersk



The Economic Times

MUMBAI: Indian containerised trade has been severely impacted this year owing to the staggered supply and demand shocks across geographies along with challenging economic indicators, global container logistics major Maersk said on Thursday. The overall recovery in imports and exports is expected in the first half of the next year, it added.

Maersk also said that while the exports witnessed a strong rebound on the back of rising demand for textiles and apparel, the imports remain subdued, with signs of slow recovery coming in towards the end of the year.

COVID-19 pandemic put the world through unprecedented challenges, leading businesses to reimagine their operations.

The pandemic also highlighted the significance of global trade and the inter-dependence of nations, bringing to fore the importance of the logistics sector as essential for the continued delivery of critical supplies in times of crisis, and for enabling economic recovery, Maersk said in a release.

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