03-03-2024 05:25 PM | Source: PR Agency
Views on impact of Red Sea Crisis on Capital Goods Sector
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Mr. Avinash Pathak, Research Analyst at LKP Securities has forecasted his views on impact of Red Sea Crisis on capital goods sector. Request you to please incorporate the views if you are planning a story on the same.
"The impact of the ongoing crisis around the Red Sea on the capital goods is causing delays in the timely delivery of goods leading to slowdown in the crucial process of order conversions along with an increase in logistics costs. The effect of disruptions extends to various facets of the industry leading to an undesirable inventory buildup. Consequently, the sector could grapple with the dual challenges of managing excess inventory and a deceleration in the conversion of prospective orders, impacting the overall business dynamics and performance of these enterprises. However, the impacted companies are making provisions for the same while the long terms prospects remain positive in the sector."
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