The rising shortage of containers and sky-high freight rates are threatening Indian exports that had risen to a record in the first quarter of FY22. After attaining crisis proportions earlier in 2021, shipping containers are short of supply, increasing the logistics costs for the exporters and making the businesses uncompetitive.
In April 2021, the government had declared victory over the container crisis. However, the shortage is back when export volumes are greater than ever before as the...