During the pandemic years, in 2021, Indian exporters could not find empty containers to send their goods abroad to the US due to excessive demand. However, as the global economy faces forces that impact financial markets and the real world of goods, the trend has reversed. What does this mean for businesses?
The initial years of the pandemic saw a boom in goods consumption than services. This led to a shipping cost rollercoaster for which one of the reasons was stimulus driven by the government and central bank policies in the West. The trend has reversed now.During the pandemic, the swing was towards online shopping. Supplier countries in Asia were caught in a frenzy to satisfy the American demand. This led to a shipping demand in certain routes,
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