New emerging markets for Indian trade: Africa, South America

With trade wars and geopolitical tensions affecting traditional trade routes like those between the US and China, the air cargo industry has diversified its operations to new and alternative regions for instance, cargo flows to emerging markets in Africa and South America, have increased,” said Delhi International Airport’s official spokesperson.  He added, “Airlines have had to re-route flights to avoid regions affected by geopolitical tensions, such as the Middle East. This has resulted in the search for more stable and predictable corridors, which may require longer or less direct flights, but ultimately ensure the continuity of services. Cargo flow through Indian airports have improved as it was found to be a more stable route. In response to tariffs and geopolitical tensions, many companies have sought to shorten supply chains by nearshoring production closer to end markets. For instance, companies have increasingly moved manufacturing from China to countries like Vietnam, India, and even Mexico, which has increased demand for air cargo services to these regions.”