Trade is founded upon four interdependent pillars: commerce, finance, insurance and logistics, the weakest of these industries by far, because of fragmentation and inefficiency. At the same time, logistics is the linchpin that connects our world.
We must learn from history while leveraging 21st-century tools. History reveals that in 1956, the world witnessed the birth of the marine container.
This simple idea revolutionized global trade, making it more secure and reducing its cost dramatically. Among other benefits, it reduced loading costs from USD 5.86 per ton to USD 0.16 per ton, a 36-fold saving that contributed to major trade growth, underwrote job creation and drove decades of real growth worldwide.
The formula that we can learn from history is clear; by reducing the cost of trade, using advanced 21st-century technology through the Multi-Dimensional Digital Economy Application System (MDDEAS), we can maximize the efficiency of logistics, increase trade and boost our economy.
More-efficient logistics will also enhance commerce, finance and insurance, providing the roadmap and tools to generate hundreds of billions of dollars in new trade and create tens of millions of jobs.
“By reducing the cost of trade, using advanced 21st century technology through the Multi Dimensional Digital Economy Application System (MDDEAS), we can maximize the efficiency of logistics, increase trade and boost our economy.”