Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The
Automotive Component Manufacturers Association (ACMA) has noted that while the
export demand growth is positive but the Red Sea Crisis is directly impacting
the shipping cost.
The Red Sea accounts for 30%
of the world’s shipping traffic is facing a conduit crisis which is forcing
shipping lines to divert to other ports, increasing time, cost and
inventory for exports. As the time to market is going up, inventory
levels are going up, production timelines are increasing and working capital is
getting trapped. Due to such a crisis now companies are opting for alternative
paths such as Singapore Port. However, sudden
increase in traffic at alternative ports leads to increased time for supply of
demand by about 7 to14 days
