GMS 803 Lecture Notes - Lecture 6: Embeddedness, Computer Hardware, Cold Chain

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 803
• Professor: Hossein Zolfagharinia

Document Summary

Transportation is often referred to as an enabling factor that is not necessarily the cause of international trade, but as a condition without which globalization could not have occurred. About half of all global trade takes place between locations of more than 3,000 km apart. Because of this geography, most international freight movements involve several modes since it is impossible to have a physical continuity in freight lows. Transport chains must thus be established to service these lows which reinforce the importance of intermodal transportation modes and terminals at strategic locations. Among the diferent transport modes, two are speciically concerned with international trade. In terms of tonnage, maritime shipping handles about 90% of global trade. Its importance to global trade is thus unmistakable. Thus, globalization is the realm of maritime shipping, with containerized shipping at the forefront of the process.