Get the app today! Download iPhone App Download Android App

Today's Global Economy Runs On Shipping Containers, As The Ever Given Fiasco Illustrates

Published on Apr 6 2021 7:58 AM in Features tagged: Trending Posts / Paywall / EverGreen / Suez Canal / Ever Given / Suez Blocked

Today's Global Economy Runs On Shipping Containers, As The Ever Given Fiasco Illustrates

Take a look around you. Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article.

Most likely, those goods – as well as your smartphone, refrigerator and virtually every other object in your home – were once loaded onto a large container in another country and traveled thousands of miles via ships crossing the ocean before ultimately arriving at your doorstep.

Today, an estimated 90% of the world’s goods are transported by sea, with 60% of that – including virtually all your imported fruits, gadgets and appliances – packed in large steel containers. The rest is mainly commodities like oil or grains that are poured directly into the hull. In total, about $14 trillion of the world’s goods spend some time inside a big metal box.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email