Container xChange has launched data trends and analysis on the impact of global supply chain disruption on the Indian container logistics market. Two key elements – continued surge in container prices and growing imbalance of container availability in India is negatively impacting and leading to supply chain slowdown – a massive problem which will continue to grow up until 2022 and beyond.
The data indicates that there is further rise in the historically high prices of 20 ft. and 40 ft.
“The CAx values at major Indian ports are rising, because exporters are facing hurdles to export their goods from India (inspite of a record high in July this year). The rising container freight and spot costs over the past months, containers stuck in other locations which delays their cargo and vessel capacity issues are some pain points. Other major cause of delay in container loading is OfCourse the continued impact of COVID-19 outbreak which led to shortage of human resource at the ports. This has continued to impact the system since the outbreak in India in the late march of the year 2020.” commented Dr Johannes Schlingmeier, co-founder and CEO, Container xChange.
The costs have been skyrocketing since the beginning of the year 2021 and continue to soar higher every week. Therefore, the number of containers that could have taken off from India to its destination has slowed down, mirroring a trend being observed in the global supply chain slow down.
News source: The Hindu Businessline