How Shipping Containers Control Global Trade

Container shipping is responsible for moving 90% of the world’s goods, according to the World Economic Forum. But, if shipping containers aren’t at the right place at the right time, the global supply chain may face serious problems. It could result in high inflation, shortages of key materials and products as well as revenue losses to large and small businesses alike. At the same time, over 95% of shipping container manufacturing is happening in the nation that leads the world in exports — China, according to the Federal Maritime Commission. Here’s how shipping containers can save, or cripple, the global economy. Chapters: 0:00 Introduction 1:29 Chapter 1: Globalization 4:22 Chapter 2: Container revolution 8:11 Chapter 3: Increased production Produced and Edited by: Andrea Miller Additional Reporting By: Lori Ann LaRocco Animation: Jason Reginato Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images, Maersk Line/Wikipedia C.C. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC How Shipping Containers Control Global Trade