Fascinating opinion piece on The Economist explaining how the humble shipping container, "a simple metal box" has "been more important for globalisation than freer trade."
Containerisation is a testament to the power of process innovation. In the 1950s the worlds ports still did business much as they had for centuries. When ships moored, hordes of longshoremen unloaded break bulk cargo crammed into the hold. They then squeezed outbound cargo in as efficiently as possible in a game of maritime Tetris. The process was expensive and slow; most ships spent much more time tied up than plying the seas. And theft was rampant: a dock worker was said to earn $20 a day and all the Scotch you could carry home.
Containerisation changed everything. It was the brainchild of Malcom McLean, an American trucking magnate. He reckoned that big savings could be had by packing goods in uniform containers that could easily be moved between lorry and ship. When he tallied the costs from the inaugural journey of his first prototype container ship in 1956, he found that they came in at just $0.16 per tonne to load compared with $5.83 per tonne for loose cargo on a standard ship. Containerisation quickly conquered the world: between 1966 and 1983 the share of countries with container ports rose from about 1% to nearly 90%, coinciding with a take-off in global trade (see chart).
|How Not to Buy a 3D Printer|
|We May Have Given Osama Bin Laden Too Much Credit|
|Cyclists Offend the Moral Order: the Psychology of Why Car Drivers Hate Cyclists|
|What Porn Stars Can Teach Us About Privacy|
|This Is My Abortion: Woman Took Cellphone Pictures of Her Abortion to Demystify Pro-Life Imagery|
|“The Amazon Dash button for horny men and women who don’t feel comfortable telling their partner they’d like to have sex.”|
|“How this religious holiday became the rampant, love-fuelled corp-fest.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|U.S.S. Enterprise Owner's Manual|
|The (Very Scary) People of Public Transit|
|“Could we cover an entire desert in solar panels?”|
|Fake Name Generator|
|How to Avoid Jury Duty|
|Testing Whether the Earth is Round or Flat|
|Darth Vader Surfing|
|“When Life Gives You Lemons.”|
|“These mini-vehicles can cost as little as $1,000.”|