3 ms·
I get the feeling some people reading this are going to think corruption in the supply chain is a far away problem that could never happen near them. In fact,
by nindalf 5y ago
I get the feeling some people reading this are going to think corruption in the supply chain is a far away problem that could never happen near them.
In fact, one of the main benefits of adopting the shipping container in the 1970s was reducing such graft. Earlier most of the cost of shipping by sea was the labour of packing and unpacking goods at the pier. Goods such as liquor and electronics simply went missing during transit. This was a common practice on the New York piers at the time.
The shipping container changed that. It was vastly cheaper because it took very little time to handle at the ports, and it cut down on graft. Shipping and exports grew in the US because “losses” decreased.
Source: The Box by Marc Levinson.