Ludhiana: With a setback to the importers and exporter of the city, their cost of doing business has soared multiply because of a surge in shipping container shipping.
Delivery rates for several countries have more than doubled while in most other cases have increased by 40-45%.
In addition, there are severe lack of containers that cause a big delay in shipping.
Since last year, there has been fluctuations in shipping prices, but entrepreneurs say the current level is the highest because of the increase in high shipping shipping costs.
On average, there is an increase of 40-45%, and there are several countries where sending export consignments now the price is more than double.
This is an unprecedented increase and there is a lack of containers too, which worsens the problem.
This is our request to the center to record serious problems, because it not only increases business expenses and costs, but also leads to a decrease in exports due to increased investment.
Many entrepreneurs now turn to local sales.
“Akshay Gupta, city-based exporter, said,” There is a large increase in the export container shipping level.
About six months ago and even last year, export delivery for destinations such as Dubai was around 200 USD, which is now 1,500 USD.
In the event of export shipping rates for the US, the previous cost of around 2,000-2,500 USD per container and has now skyrocketed up to 12,000 USD, which is almost six times.
In such situations, we have no choice but to wait for rates to decrease, but it seems impossible it will happen in the near future.
“According to Rohit Gupta, the President of Importer and Exporters of the club, Punjab,” the importers are facing a difficult time now because on one side of the customs and taxes have increased on imports and on the other hand shipping costs have reached such a level so that it becomes very difficult to continue business.
The shipping rate for importing one container from Guangzhou China to Tuxhlakabad in India has now reached 9,000 USD, which was previously 4,800 USD, almost increased.
In the current situation, we are forced to pay the cost of increasing our bags and suffering losses.
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