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On August 19, dock worker unions in India, representing 20,000 members, called for a nationwide strike starting August 28. Their demands include pay scale revisions, arrears payments, and protection of existing benefits. If the strike proceeds, India's economy could be heavily affected. India heavily depends on seaports for trade, handling 19.7 million TEUs in 2022, ranking in the global top 10. However, China leads with 269 million TEUs. China's dominance stems from exporting electronics and consumer goods, such as $858 billion worth of ICT goods in 2021, far surpassing Hong Kong's $410 billion. Asia dominates container throughput, with only the U.S., UAE, and Spain ranking in the top 11 outside Asia.

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Jasmine Tang

Business Development-Global at OmniEhub | Global Logistics & Supply Chain | Strategy & Operations

2mo

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