Assalamualaikum readers :)
Now i would like to share with all of you about globalisation and the maritime transport. Enjoy reading.
Ocean shipping as (A) a substitute and (B) a complement
to other freight modes
Mode choice (especially for containerised cargo movement) involves balancing tradeoffs to facilitate trade among global corporations and nations. Competing factors are e.g. time, cost and reliability of delivery. Low-cost modes may be less preferred than faster modes if the cargo is very time-sensitive; however, slower, low-cost modes often carry much more cargo and, with proper planning, these modes can reliably deliver large quantities to meet just-in-time inventory needs. Analogous to a relay race, all modes are needed to deliver containerised cargo from the starting line to the finish line.
p/s: I have to go to the faculty now. I will continue this topic in my next post. See you soon readers :)
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