why shipping is important industry

Shipping is a critical component of global trade and plays a vital role in the economy of virtually every country. It enables the movement of goods and raw materials across continents and oceans, facilitating the supply of products and services to consumers and industries worldwide. Below are several key reasons why shipping is important:

1. Facilitates Global Trade
Shipping is the backbone of global trade, carrying more than 80% of the world's goods by volume. It connects producers with consumers in distant markets, allowing countries to import and export products efficiently and cost-effectively. Without shipping, international trade would be much more expensive, slower, and logistically complex.

Access to Global Markets: Shipping provides access to markets around the world, enabling businesses to expand their reach. Companies in one country can sell their goods in another without having to establish a physical presence in every market.
Global Supply Chains: Shipping is a fundamental part of global supply chains, ensuring that raw materials, finished goods, and other products are delivered to factories, warehouses, and retail locations.