Exporters supplying goods for the Christmas shopping season to the US and Europe are facing a fresh round of supply chain challenges, as the ongoing West Asia crisis pushes up freight rates, stretches shipping routes, and significantly increases working capital requirements.
Traditionally, India’s Christmas-bound exports to the US are led by textiles and apparel, home textiles, carpets, footwear, fashion accessories, handicrafts and gems and jewellery, with manufacturers typically shipping orders several months ahead of the holiday retail season.
