Shipping Industry - Engine of Global Trade
Shipping Industry - Engine of Global Trade The shipping industry is an essential component of global trade, responsible for the transportation of goods between countries and continents. Without shipping, the global economy would not be able to function, as many of the products we rely on every day would not be available. In this article, we will explore the crucial role that the shipping industry plays in global trade and its impact on the world economy. The Importance of the Shipping Industry The shipping industry is the backbone of global trade, responsible for transporting 90% of the world's goods. It is a vital component of the global economy, facilitating international trade and contributing to economic growth. The industry is essential in connecting manufacturers, suppliers, and consumers worldwide, making it possible for businesses to access markets beyond their own borders. Shipping is the most cost-effective method of transporting goods over long distances, making it the