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Inter-ministerial panel on Red Sea crisis to meet tomorrow

The high-level inter-ministerial group on the Red Sea crisis, chaired by commerce secretary Sunil Barthwal, convenes to address shipment delays and rising cargo transport costs. Officials from various ministries will discuss measures to support exporters and ensure adequate credit flow. While India s exports remain unaffected for now, diversion of shipping routes via the Cape of Good Hope has led to increased costs, prompting the need for strategic planning amid potential long-term impacts on trade. ....

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Indian Textile Group Urges Government Support Amid Red Sea Crisis

The Synthetic and Rayon Textiles Export Promotion Council is wants tariff reductions and rebates for impacted exporters. ....

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E-commerce firms breathe a sigh of relief as truck drivers call off strike

Even as strike was called off, several industry stakeholders feared that going back to normal would take time since these strikes, across regions had already resulted in supply chain disruptions in the e-commerce industry. ....

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KNTV NBC Nightly News With Lester Holt June 4, 2024 01:42:00

Business and will be for a long time. but economic headwinds like 40-year high inflation and ongoing supply chain delays turn up the political pressure today, mr. biden argued his actions to increase oil supplies are beginning to bring down gas prices americans should already see savings an it s only gone down 18 cents, the savings are starting gas prices are still up 48% over a year ago. it takes a lot of me trying to figure out how am i going to pay for gas today. a different stress point for this 7-year-old small business superfit hero, activewear for plus size women. chronic shipment delays of fabric from asia are costing sales. 50% of small businesses now report they are significantly impacted by supply chain disruptions. for us the top issue has definitely been supply ....

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Apple, Dell, Lenovo products face shipment delays as China COVID curbs squeeze suppliers, say analysts

Quanta Computer Inc, which produces some three-quarters of Apple`s Macbooks globally, also shut operations, which could impact delivers more severely, analysts said. Get more Mobiles News and Business News on Zee Business. ....

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