As we have explained many times, gigantism in shipping does not only cause diseconomies of scale in ports but, increasingly, schedule unreliability too. Unreliable transport systems defy the very essence of logistics, by increasing inventory and holding costs. It should be remembered that ‘logistics’ is not simply an optimized transport system but, more importantly today, a way of life. HHPS: Graph source: Olaf Merk (OECD)
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