30 Questions
What is the primary reason for the significant growth in international trade between 1953 and 2019?
Massive liberalization of international trade
According to the data, how many times larger was international trade in 2019 compared to 1953?
29.6 times larger
What enabled companies to expand their sales beyond their domestic borders?
Greater consumer acceptance of foreign products
Which view suggests that logistics and SCM are separate entities with some overlap?
Intersectional view
What was the average annual growth rate of international trade between 1953 and 2019?
4.96 percent
What contributed to the growth of international trade, apart from liberalization?
Creation of international organizations and decrease in transportation costs
What was the main characteristic of international trade during the bulky material trade era?
Bulky raw materials like iron ore and coal
How much did international trade grow between 1953 and 2019?
2,858 percent
What led firms to focus on reducing costs in other areas?
Increased competition and product prices
What was the effect of deregulation on transport markets?
Markets became more contestable and prices decreased
What is a notable example of a company that benefited from transport deregulation?
FedEx
What is a key factor that contributed to the shift from logistics to SCM?
Deregulation of transport
Which stage typically has the lowest value-added in the production process?
Assembling
What new trend involves the value-added and cargo volume generated by production stages along the supply chain?
Relocation of manufacturing activities
Which country earned the title 'Factory of the World' due to its substantial portion of the global manufacturing sector?
China
What major change is anticipated regarding China's role as the 'factory of the world'?
Decrease in labor force cost
What is the standard size of a reference container often used to carry heavier goods?
20-foot box
What complements freight transportation modes by offering higher liquidity and standardization of loads?
Container usage
What is a key characteristic of maritime logistics?
Cost efficiency
What is a challenge posed by sea freight?
Slow speed
What are the three main factors contributing to delays in maritime logistics?
Pre-shipment, discharge port, and unexpected delays
What is a potential benefit of good logistics systems?
Improved economic well-being of developing countries
What is a recent trend in the logistics industry?
Consolidation and fewer services
Why is sea freight highly competitive for certain products?
Affordability
What is the majority of containers in terms of length?
Forty feet
What is the height of a forty-foot high cube container?
9 feet 6 inches
What is the purpose of an owner code on a container?
To identify the owner of the container
What does the product group code 'U' refer to?
A general use container
What is the advantage of standardization in containerization?
It provides a standard transport unit that can be handled anywhere in the world
What is the maximum number of TEU that the Emma Mærsk can officially carry?
11,000 TEU
Explore the significant increase in international trade from 1953 to 2019, and how it has impacted economies and the well-being of people worldwide. Discover how countries transitioned from struggling to feed their populations to becoming economic powerhouses through trade.
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