Subhabrata Sengupta, Partner at Avalon Consulting provided his views to Deccan Herald on impact of Red sea crisis on shipping costs and delivery time.
He estimates the impact of shipments in last 15 days to be around $30-$60 million. He also predicts that if the situation protracts, some customers may switch to nearshore suppliers, underscoring that the impact would be significant for other countries more than India.