Today's global economy runs on standardized shipping containers, as the Ever Given fiasco illustrates

By Anna Nagurney, John F. Smith Memorial Professor of Operations Management, University of Massachusetts Amherst

Take a look around you.

Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods – as well as your smartphone, refrigerator and virtually every other object in your home – were once loaded onto a large container in another country and traveled thousands of miles via ships crossing the ocean before ultimately arriving at your doorstep.

Today, an estimated 90% of the world’s goods are transported…

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