Podcast
Questions and Answers
What is the primary reason for the significant growth in international trade between 1953 and 2019?
What is the primary reason for the significant growth in international trade between 1953 and 2019?
- Increase in transportation costs and transit times
- Massive liberalization of international trade (correct)
- Reduction in the number of international organizations
- Decrease in consumer acceptance of foreign products
According to the data, how many times larger was international trade in 2019 compared to 1953?
According to the data, how many times larger was international trade in 2019 compared to 1953?
- 50 times larger
- 5 times larger
- 20 times larger
- 29.6 times larger (correct)
What enabled companies to expand their sales beyond their domestic borders?
What enabled companies to expand their sales beyond their domestic borders?
- Greater consumer acceptance of foreign products (correct)
- Decrease in consumer acceptance of foreign products
- Increase in transportation costs
- Reduction in the number of international organizations
Which view suggests that logistics and SCM are separate entities with some overlap?
Which view suggests that logistics and SCM are separate entities with some overlap?
What was the average annual growth rate of international trade between 1953 and 2019?
What was the average annual growth rate of international trade between 1953 and 2019?
What contributed to the growth of international trade, apart from liberalization?
What contributed to the growth of international trade, apart from liberalization?
What was the main characteristic of international trade during the bulky material trade era?
What was the main characteristic of international trade during the bulky material trade era?
How much did international trade grow between 1953 and 2019?
How much did international trade grow between 1953 and 2019?
What led firms to focus on reducing costs in other areas?
What led firms to focus on reducing costs in other areas?
What was the effect of deregulation on transport markets?
What was the effect of deregulation on transport markets?
What is a notable example of a company that benefited from transport deregulation?
What is a notable example of a company that benefited from transport deregulation?
What is a key factor that contributed to the shift from logistics to SCM?
What is a key factor that contributed to the shift from logistics to SCM?
Which stage typically has the lowest value-added in the production process?
Which stage typically has the lowest value-added in the production process?
What new trend involves the value-added and cargo volume generated by production stages along the supply chain?
What new trend involves the value-added and cargo volume generated by production stages along the supply chain?
Which country earned the title 'Factory of the World' due to its substantial portion of the global manufacturing sector?
Which country earned the title 'Factory of the World' due to its substantial portion of the global manufacturing sector?
What major change is anticipated regarding China's role as the 'factory of the world'?
What major change is anticipated regarding China's role as the 'factory of the world'?
What is the standard size of a reference container often used to carry heavier goods?
What is the standard size of a reference container often used to carry heavier goods?
What complements freight transportation modes by offering higher liquidity and standardization of loads?
What complements freight transportation modes by offering higher liquidity and standardization of loads?
What is a key characteristic of maritime logistics?
What is a key characteristic of maritime logistics?
What is a challenge posed by sea freight?
What is a challenge posed by sea freight?
What are the three main factors contributing to delays in maritime logistics?
What are the three main factors contributing to delays in maritime logistics?
What is a potential benefit of good logistics systems?
What is a potential benefit of good logistics systems?
What is a recent trend in the logistics industry?
What is a recent trend in the logistics industry?
Why is sea freight highly competitive for certain products?
Why is sea freight highly competitive for certain products?
What is the majority of containers in terms of length?
What is the majority of containers in terms of length?
What is the height of a forty-foot high cube container?
What is the height of a forty-foot high cube container?
What is the purpose of an owner code on a container?
What is the purpose of an owner code on a container?
What does the product group code 'U' refer to?
What does the product group code 'U' refer to?
What is the advantage of standardization in containerization?
What is the advantage of standardization in containerization?
What is the maximum number of TEU that the Emma Mærsk can officially carry?
What is the maximum number of TEU that the Emma Mærsk can officially carry?
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