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IPFS News Link • Inventions

The Most Important Invention You Never Thought About

• fee.org by Stephen Davies

That was the day that the first dedicated, and specially designed container ship, the Ideal X sailed from New Jersey.

It was the brainchild of a trucker, an entrepreneur called Malcolm McLean, who had observed that the amount of time that ships took to be unloaded and transfer the material on and transfer it into trucks was longer than the goods in questions spent in either trucks or ships. And being an entrepreneur, he saw this as a business opportunity, and he came up with a genius and brilliantly simple solution, the container ship. Now, what did this actually do?

It was the container more than anything else, which made possible the huge growth in world trade.

Well, it reduced the amount of time taken to move goods around the world by 85%. It reduced the cost of shipping by a factor of 30, and it reduced the total cost of shipping, when you take into account the cost of infrastructure, by 35%. Now, it took a long time for this to catch on.


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