September 11, 2023
3 min

Choppy waters for shipping industry for next 12-16 months, says Jassper Shipping’s CEO - Deccan Herald

Around 95% of India's trading by volume and 70% by value is done through maritime transport. However, the industry is facing challenges such as poor technology adoption, difficulty in accessing finance, and lack of government policy support. The National Logistics Policy (NLP) is a good start but implementation is lacking. Turnaround times have improved but congestion in major ports and limited facilities add to logistics costs. India is lagging behind in technology adoption compared to other countries. Integration of business and technology will be key for the future of the shipping and logistics industry.

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Written by
Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry