Global trade Danish shipping company fact of the day

Maersk had found that a single container could require stamps and approvals from as many as 30 people, including customs, tax officials and health authorities.

While the containers themselves can be loaded on a ship in a matter of minutes, a container can be held up in port for days because a piece of paper goes missing, while the goods inside spoil. The cost of moving and keeping track of all this paperwork often equals the cost of physically moving the container around the world.

That is by Nathaniel Popper and Steve Lohr, mostly about blockchains, via Ángel Cabrera.

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