Cargo Breaking News
Sateshwar Tuteja, Director – Sales at Jeena & Company shares his viewpoint on the 90 days pause on US trade tariffs, he said, “The imposition of U S tariffs across the globe has been a major concern for all the manufacturers, and traders. The recent developments have only caused chaos and uncertainty leading to impact on overall trade. The announcement of 90-days suspension is seen as a positive outlook for leveraging the maximum export opportunity. This temporary pause has offered a narrow but vital window for the global manufacturers to breathe and strategize for the next phase of their business journey. All sectors are rushing to export goods in bulk to the U.S, which has in turn created an extensive demand for logistics and operations. We might witness an initial double-digit spike in freight rates as exporters are rushing to book consignments. In the international market, the freight rates rose 3% to $2265 per 40 containers last week, according to Dewry’s World Container Index.
This surge in export volumes has added a layer of burden on the logistics industry that is witnessing capacity constraints, shortage of storage (effective warehouses and temperature-sensitive zones), and influence on trade patterns.
To ensure seamless deliveries and shipments, supply-chain structures must be analysed in order to mitigate disruptions, which are created by new tariffs. An assessment of current routing can be done to optimize existing pressures of tariffs. Both the logistics players and manufacturers should collaborate to plan mid-term strategies and prepare accordingly to get maximum gains from this opportunity.
This 90-day window presents a valuable opportunity to assess the performance of our regular vendors, evaluate their ability to exceed key performance indicators (KPIs), refine baseline data, reinforce operations, and prepare for the landscape that will emerge once this period concludes. We are closely monitoring the outcome and strongly believe that for a long-term vision India’s exporters should not only keep their focus upon large economies like the U.S and China but also start considering building trade ties with other emerging markets like Africa, Central Asia, and Latin America.”
