Pirates drive up the cost of cargo and the prices of shipments. Some believe that shippers should

Question:

Pirates drive up the cost of cargo and the prices of shipments. Some believe that shippers should simply take the “long route” to gain distance from pirates. Others argue that proper arming of the crew will lead to brief battles with the pirates losing and the cargo being safe.
Who is right?
For Discussion 

1. Why is piracy a problem for ocean commerce?
2. Who is right? Should shippers take the long route or should shippers prepare for battles?
3. What should shipping companies do to protect their crews and cargo?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Marketing

ISBN: 9781133627517

10th Edition

Authors: Michael R. Czinkota, Ilkka A. Ronkainen

Question Posted: