Budget 2024 Expectations: Logistics cos expect continued govt capex push towards logistics efficiency, other financial incentives financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Fuelled by demand, manufacturing activities, and investments, the horizon of the country s logistics industry looks "promising" for 2024, though Red Sea might cast a shadow of global supply disruptions and push up freight costs.
Not just the market tailwinds, the government s key initiatives
Allcargo Group s decision to restructure its domestic and international businesses into separate companies is expected to streamline synergies and manpower and infrastructure costs
Ravi Jakhar says: “Until the Red Sea disruptions get diffused, we will have to route the sailings via Cape of Good Hope, which means additional transit time, somewhat additional costs, and there would also be a bit of an increase in the war risks surcharges as the insurance costs go up. So, there will be a bit of a cost escalation. But from a volume standpoint, we do not see much impact.”