‘Adapting new policies is crucial for businesses to maintain efficiency & competitiveness

J B Singh, Director, MOVIN Express said, “Air cargo growth in India is currently propelled by the transportation of pharmaceuticals, electronics, and perishable goods. Looking ahead, the future commodities driving growth are expected to include a surge in e-commerce shipments, the transportation of high-tech manufacturing components, and the demand for sustainable goods. These trends align with the evolving preferences of consumers and advancements in technology. As India’s economy grows, the air cargo industry is likely to witness a shift towards diverse and innovative products, reflecting the changing landscape of global trade and commerce. Amending trade policies can significantly impact global supply chains with shifts in tariffs, regulations, or trade agreements that may disrupt established supply routes, influencing production costs and timelines. Companies might reevaluate suppliers and logistics, potentially leading to localization of supply chains. Adaptation to new policies is crucial for businesses to maintain efficiency and competitiveness, as changes can expand through interconnected global markets, affecting industries and consumers worldwide.“