THE CONTAINER HAS SEVERAL ADVANTAGES AND DRAWBACKS. PROVIDE A SUCCINCT

EXPLANATION OF THE ADVANTAGES AND DRAWBACKS YOU THINK ARE THE MOST

IMPORTANT.

ADVANTAGES Standardization ISO standard (modes and equipment). Unique identification number and size type code. Flexibility Commodities, manufactured goods, liquids and refrigerated goods. Costs Low transport costs. Economies of scale at modes and terminals. $ Velocity Fast transshipment operations. Low terminal turnaround times. Warehousing Own warehouse; simpler and less expensive packaging. Stacking capability Security & Safety Contents unknown to carriers. Reduced spoilage and losses. DRAWBACKS Site constraints Large consumption of terminal space. Draft issues with larger containerships. Capital intensiveness Container handling infrastructures and equipment are important investments $ Stacking Complexity of arrangement of containers, both on the ground and on modes. Repositioning . I Divergence between production and consumption; repositioning. 20% of all containers. Theft and losses High value goods vulnerable to thefts, particularly between terminal and final destination. Illicit trade Illicit trade of goods, drugs and weapons, as well as for illegal immigration X