Navigating Towards “New Normal” in Liner Shipping: Risk and Uncertainties

Transporting goods by container was one of the most dramatic shapers of globalisation because it let businesses and consumers in North America and Europe benefit from far cheaper labour and production costs in other parts of the world. The development of the world’s major shipping routes, from East Asia to Europe, and from East Asia to the US, in turn enabled the rise in just in time. Commentary by Oliviero Baccelli