Containerization

/kənˌteɪnərɪˈzeɪʃən/ noun

Definition

The process of adopting standardized containers for shipping goods; the system of using large metal boxes to transport cargo efficiently across transportation networks.

Etymology

From 'container' plus '-ization' (the process of making something). This word emerged in the 1950s-1960s describing a revolution in shipping technology that transformed global trade.

Kelly Says

Containerization is one of the most important economic innovations nobody talks about—standardized shipping containers reduced costs so dramatically that they fundamentally changed which countries could become wealthy trading partners.

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