<p data-path-to-node="6" id="p-rc_a7b41bd965880fec-19"><span data-path-to-node="6,0"><b data-path-to-node="6,0" data-index-in-node="0"><span class="citation-27">NEW DELHI</span></b><span class="citation-27"> — Despite recent diplomatic breakthroughs, including the announcement of a regional ceasefire and the subsequent partial reopening of the strategic Strait of Hormuz, Indian logistics and freight forwarding companies are reporting little to no immediate relief from heavily inflated operational pricing</span></span><span data-path-to-node="6,1"><span class="citation-27 citation-end-27"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="1"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="1"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="1"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="1"><!----></sup></source-footnote></span></span><span data-path-to-node="6,2">. </span><span data-path-to-node="6,3"><span class="citation-26"></span></span><span data-path-to-node="6,4">The persistence of these high freight rates has prompted industry stakeholders to coordinate directly with state regulators to prevent long-term macroeconomic bottlenecks</span><span data-path-to-node="6,5"><span class="citation-26 citation-end-26"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="2"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="2"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="2"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="2"><!----></sup></source-footnote></span></span><span data-path-to-node="6,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2205195462=""><!----></sources-carousel-inline></p><p data-path-to-node="7" id="p-rc_a7b41bd965880fec-20"><span data-path-to-node="7,0"><span class="citation-25"></span></span><span data-path-to-node="7,1">To address these concerns, key representatives from major domestic logistics bodies and trade associations are officially scheduled to meet with senior leadership at the Ministry of Ports, Shipping and Waterways later this week</span><span data-path-to-node="7,2"><span class="citation-25 citation-end-25"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="3"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="3"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="3"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="3"><!----></sup></source-footnote></span></span><span data-path-to-node="7,3">. </span><span data-path-to-node="7,4"><span class="citation-24"></span></span><span data-path-to-node="7,5">The high-level meeting aims to address the ongoing economic gridlock, evaluate the financial impact on exim (export-import) trade, and proactively map out alternative, cost-efficient multimodal transport pathways to mitigate reliance on volatile maritime corridors</span><span data-path-to-node="7,6"><span class="citation-24 citation-end-24"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="4"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="4"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="4"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="4"><!----></sup></source-footnote></span></span><span data-path-to-node="7,7">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2205195462=""><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_a7b41bd965880fec-21"><span data-path-to-node="8,0"><span class="citation-23"></span></span><span data-path-to-node="8,1">According to statements issued by prominent national industry councils, the logistics ecosystem cannot immediately return to pre-crisis baselines</span><span data-path-to-node="8,2"><span class="citation-23 citation-end-23"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="5"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="5"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="5"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="5"><!----></sup></source-footnote></span></span><span data-path-to-node="8,3">. </span><span data-path-to-node="8,4"><span class="citation-22"></span></span><span data-path-to-node="8,5">It will require several weeks, if not months, for standard carrier schedules to stabilize across both commercial air freight loops and ocean liner routes</span><span data-path-to-node="8,6"><span class="citation-22 citation-end-22"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="6"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="6"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="6"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="6"><!----></sup></source-footnote></span></span><span data-path-to-node="8,7">. </span><span data-path-to-node="8,8"><span class="citation-21"></span></span><span data-path-to-node="8,9">The prolonged redirection of ships and aircraft over the past months has left container backlogs and equipment mismatches scattered across international transshipment hubs, preventing immediate rate corrections</span><span data-path-to-node="8,10"><span class="citation-21 citation-end-21"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="7"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="7"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="7"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="7"><!----></sup></source-footnote></span></span><span data-path-to-node="8,11">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2205195462=""><!----></sources-carousel-inline></p><p data-path-to-node="9" id="p-rc_a7b41bd965880fec-22"><span data-path-to-node="9,0"><span class="citation-20"></span></span><span data-path-to-node="9,1">While stakeholders acknowledge that overall supply chain predictability has significantly improved following the recent diplomatic de-escalation, they caution against premature optimism</span><span data-path-to-node="9,2"><span class="citation-20 citation-end-20"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="8"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="8"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="8"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="8"><!----></sup></source-footnote></span></span><span data-path-to-node="9,3">. </span><span data-path-to-node="9,4"><span class="citation-19"></span></span><span data-path-to-node="9,5">Industry experts emphasize that global market conditions require a sustained, prolonged period of normal operations before pre-crisis capacity can be fully reintegrated and standard pricing metrics can fully return to normal ranges</span><span data-path-to-node="9,6"><span class="citation-19 citation-end-19"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="9"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="9"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="9"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="9"><!----></sup></source-footnote></span></span><span data-path-to-node="9,7">. </span><span data-path-to-node="9,8"><span class="citation-18"></span></span><span data-path-to-node="9,9">Until then, Indian exporters and importers are advised to build flexible buffers into their transit budgets to withstand the ongoing market volatility</span><span data-path-to-node="9,10"><span class="citation-18 citation-end-18"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="10"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="10"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="10"><!----></sup></source-footnote><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4201874823=""><sup _ngcontent-ng-c4201874823="" class="superscript" data-turn-source-index="10"><!----></sup></source-footnote></span></span><span data-path-to-node="9,11">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2205195462=""><!----></sources-carousel-inline></p><h3 data-path-to-node="11"></h3>