Advancements in Transportation Technologies

ADVANCEMENTS IN TRANSPORTATION TECHNOLOGIES Retailers worldwide rely on imports to stock their storerooms with finished goods and to supply factories with raw materials and intermediate products. Innovation in the shipping industry is helping globalize markets and production by making shipping more efficient and dependable. In the past, a cargo ship would sit in port up to 10 days while it was unloaded one pallet at a time. But because cargo today is loaded onto a ship in 20- and 40-foot containers that are quickly unloaded onto railcars or truck chassis at the final destination, a 700-foot cargo ship is routinely unloaded in just 15 hours.

Operation of cargo ships is now simpler and safer due to computerized charts that pinpoint a ship’s movements on the high seas using Global Positioning System (GPS) satellites. Combining GPS with radio frequency identification (RFID) technology allows continuous monitoring of indi- vidual containers from port of departure to destination. RFID can tell whether a container’s doors are opened and closed on its journey and can send an alert if a container deviates from its planned route.

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CHAPTER 1 • GLOBALIZATION

T 1. Globalization’s Top 10

Rank

Country Overall Economic Social Political

Belgium l 5 5 3

Ireland 2 3 2 28

Netherlands 3 6 8 14

Austria 4 14 4 4

Singapore 5 1 3 74

Sweden 6 8 17 7

Denmark 7 13 9 15

Hungary 8 7 22 21

Portugal 9 17 12 9

Switzerland 10 25 6 II

Source: Based on the 2012 KOF Index of Globalization (www.globalization.kof.ethz.ch), March 16, 2012.

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