Steamship Industry Challenges and Why 'Nearshoring' Won't Work

The current economic downturn is the worst for ocean transportation in at least 40 years, but the interconnected nature of trade guarantees that the long-term prospects for recovery are very strong. Growth of four to six percent is not out of the question. In the meantime, while extended supply chains are problematic, "the idea that Americans are again going to sew and make toys is silliness." [Run Time (Min): 9:04]