Beauty
46 posts
Oct 03, 2021
10:53 PM
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Marc Levinson, an economist and author of Outside the Box, a book about globalisation and container shipping, agrees that smaller ships are easier for ports to handle. joker wallet
Dr Levinson adds that businesses may also have to rethink their reliance on global supply chains that bring parts or products from single factories halfway round the world. This approach can be cheap but it relies on everything always functioning as intended.
"The shipping crisis has really pointed out the riskiness of these kinds of business strategy," says Dr Levinson.
Ms George goes further and suggests that we may all have to have a rethink on our shopping habits. "I don't know where it's going to go," she says of the current situation. "But I do hope it goes more towards reduction of consumption."
And in Cape Town, while Mr Chaitowitz entertains the idea of sourcing parts closer to home, to escape the ups and downs of international shipping, he admits that this probably isn't a realistic solution.
"All of the little things that go in a bicycle are made so cheaply in Asia, I can't see, locally, how we would ever be able to compete," he says. "It seems like we're trapped in the system."
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