Indian Subcontinent and Middle East Market Update (November 2021)
Market sentiments remain strong as the region’s major economies continue on the path to recovery. Companies in India remain vigilant for the effects of the two big events in China (the Evergrande crisis and the power supply crisis). Rising demand from the automotive and lifestyle sectors have caused a warehousing space shortage near Port Qasim. The land transportation industry across Pakistan is also tackling rapid increases in prices for fuel, new vehicles and spare parts.
Even as operational challenges remain across the region, Maersk is committed to finding solutions for our customers. According to the latest Sea-Intelligence Global Liner Performance Report in October 2021, Maersk delivered an on-time performance of 46.4% compared to an industry average of 34.4%. All eyes are now on the effects of the USD 1 trillion infrastructure bill approved by the US government. With North American imports driving global demand for containers, this investment is likely to boost the global economy for some time to come.
Find out more about the latest trending topics across India and the Middle East in our market update newsletter.
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