
Rising transportation costs and improvements to technology will transform global supply chains over the next decade. The way goods move has drastically changed over the past 15 years because of the rise of globalized manufacturing supply chains. Now, as infrastructure struggles to keep pace with advancements in shipping technology, governments and manufacturing companies must shoulder many of the costs transport companies once bore. This shift will shape the future of the manufacturing industry and will have important implications for companies and governments alike. The export-based economic model that we now take for granted depends on supply chains. The growth of many global powers is directly correlated with the global growth in maritime trade, which has increased by almost 160 percent since 2000. China, for example, has become the world's largest exporter and the second-largest importer of goods in terms of value.