Pharma exports may take up to $500 million hit as freight costs rise

India's drug exports face a significant threat from the Iran war. Higher freight costs and shipping companies avoiding Gulf routes could impact shipments worth $300-500 million. This disruption affects both raw material imports from China and finished product exports to West Asia and beyond. Companies are building inventories to manage potential delays.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/ibVD5SK
via IFTTT