Question
A dry bulk commodity is a raw material that is shipped in large unpackaged parcels . Dry bulk consists of mostly unprocessed materials that are
A dry bulk commodity isa raw material that is shipped in large unpackaged parcels. Dry bulk consists of mostly unprocessed materials that are destined to be used in the global manufacturing and production process. Some examples of major dry bulk commodities include iron ore, coal, and grain. These major bulks account for nearly two-thirds of global dry bulk trade. Minor bulks include steel products, sugars, cement, and cover the remaining one-third of global dry bulk trade. Select any dry bulk shipping company and give a 1-page summary of its business, what materials it ships, number and size of its ships and shipping routes, canals and/ or "choke-points" they must traverse, etc., and where one or more of its materials fit in the distribution system/supply chain of any manufacturing item or product. For example, coal in the US is primarily used to generate electricity which in turn is used in the manufacturing of almost everything at every step in the production process, and even in transportation when using EVs. Metallurgical coal is used in making steel which is used in many products as well as infrastructure such as bridges, etc., and hence, assists in transportation within the distribution system. Be sure to include any impact of Yemen's Houthi attacks in the Red Sea on your chosen company and what mitigating actions your company is taking.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started