“Changing trade policies can have significant ramifications on global supply chains, influencing sourcing strategies, production locations, and distribution networks,” says Keku Bomi Gazder, MD and CEO, Aviapro Logistic. He adds, “Tariffs, trade agreements, and geopolitical tensions can disrupt established supply chains, leading to increased costs, delays, and uncertainties for businesses worldwide.
As a company operating within this complex landscape, we closely monitor trade policy developments and adapt our strategies accordingly. We prioritize agility and resilience in our supply chain operations to mitigate risks associated with policy changes. Additionally, we maintain open communication channels with our suppliers and partners to swiftly address any emerging challenges.
From the government, we expect transparent and consistent trade policies that foster a conducive environment for international trade. Clear regulations, minimal bureaucratic hurdles, and a commitment to free and fair trade are essential for businesses to thrive in the global marketplace. Furthermore, we encourage policymakers to engage in constructive dialogues with industry stakeholders to understand their concerns and develop policies that support sustainable economic growth.
Additionally, investments in infrastructure, technology, and skill development are crucial to enhance the competitiveness of Indian businesses on the global stage. By fostering an enabling environment for trade and innovation, the government can contribute to the resilience and prosperity of the Indian economy amidst evolving global dynamics.”