How shipping containers can make or break the global economy

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Global trade requires shipping containers. China is responsible for over 95% of shipping-container production, potentially making U.S. businesses vulnerable.

The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe.

For example, the Federal Reserve Bank of San Francisco found that supply chain disruptions"contributed on average about 60% of the run-up of U.S. inflation" in the two years following the coronavirus pandemic outbreak. China is a world leader in exports and manufacturing, and accounts for more than 95% of shipping-container production, according to the Federal Maritime Commission.

 

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