MGCR 382 Lecture Notes - Lecture 2: Containerization, General Agreement On Tariffs And Trade, North American Free Trade Agreement

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: David Schumacher

Document Summary

Management of ib operations by firms are more effective & efficient because of innovation advancements in technology. Air transport carries over of world cargo based on value. Disadvantages of former methods of break-bulk method. Too much time spent (50%) on loading and unloading the ships. Do not need to spend so much time at work. Did not have to individually handle pieces of cargo. Now 90% of time is spent traveling (cutting inventory costs) Theft reduced, best for transporting heavy & bulky goods, or goods with long lead times. Reduces warehouse & transport costs because containers are more easily stored & transported. Some areas of the world may not have ports/terminals that can receive containers. Shipping across oceans was so expensive before that it was not logical to send goods around the world. Today, the cost of transport has reduced dramatically. The science and process of creating and using information resources.