Russia Sanctions, China Lockdown To Pinch Globally With Higher Freight, API Costs
India Better Stocked
Executive Summary
With the Shanghai lockdown extended, Russian vessels blacklisted and oil prices fluctuating, global freight rates are expected to increase further. Apart from a direct hit, pharma manufacturers will also feel the ripple effect as prices of raw materials like APIs increase. Scrip spoke to Indian industry to gauge the impact.
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