The shipping industry has a massive impact on our lives, whether we realize it or not. In fact, most people never think about the industry at all. However, shipping experts like Victor Restis and other industry insiders say shipping is crucial to our everyday lives.
Here are some ways shipping affects our everyday lives that few people realize:
1) Shipping is Critical to the Supply Chain
Without shipping, we would not be able to move raw materials and manufactured goods from one country to another. As a result, we wouldn’t have the products we need every day.
2) Shipping Supports Global Trade
Shipment is essential for supporting global trade. Experts say without it, national economies could not grow or expand. Without international trade, we would only sustain the goods and services we produce locally.
3) Shipping Is a Major Industry With Lots of Jobs
The shipping industry is massive and employs millions of people worldwide. New technologies and government policies have changed some aspects of the industry, but it remains crucial to the global economy.
4) Shipping Has a Serious Impact on Our Environment
Experts say as much as five percent of air pollution comes from cargo ships and cruise liners. According to experts, it is possible for this number to increase if we do not make environmental improvements like creating more efficient engines and using cleaner fuel.
5) Shipping Supports Emerging Economies and Developing Nations
Many developing countries depend on foreign trade and commercial relations with the rest of the world to grow their economies. Experts say that many of these growth opportunities would be lost without shipping because many countries rely heavily on imported goods to develop or expand key industries.
6) Cargo Ships Sustain Global Resources
About 90 percent of all seaborne trade involves resources such as oil, ore, and grain. Experts say if we didn’t have cargo ships and the means to transport these resources, we would run out of them much faster than we already do.
7) Shipping Helps to Fuel Development Projects Worldwide
Shipping fuels various development projects worldwide, including building roads and other infrastructure. In fact, experts say one of the top reasons many nations pursue economic growth is because it makes it possible for them to build more infrastructure that will support future trade and industry needs.
8) Cargo Ships Lead to Increased Tourism Around the World
Experts say increased tourism along shipping routes has helped to revitalize coastal towns in many countries like Singapore and Greece. They say cities like Piraeus (the largest port in Greece) used to be ghost towns, but now they are vibrant and growing hubs of commercial activity because of increased development and tourism.
9) Shipping Helps Businesses Compete Globally
Experts say the shipping industry helps businesses compete globally by making it possible to quickly move products from one market to another as part of their supply chain. Experts say many companies would find it difficult to sustain global competition without this.
10) Cargo Ships Have a Major Impact on People’s Lives
Shipping is not only an essential component for supporting our everyday lives. It also has a huge impact on people’s livelihoods around the world, whether we realize it or not. Experts say without cargo ships and international trade, we would only be able to sustain what we produce locally, and areas like Singapore wouldn’t exist as we know it today. They say many people’s jobs and the marketplaces where they work would not exist without cargo ships and international trade.