Sized to ship: How the standardization of cargo containers launched a global trade revolution
By Anna Nagurney, John F. Smith Memorial Professor of Operations Management, University of Massachusetts Amherst 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,...
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