The shipping industry is back - and it has big implications for the global economy

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Shipping is extremely important to almost everything delivered to businesses and people all around the globe.

The shipping industry made a big mistake in 2011, but looks to be corrected that mistake.

You may not realise it, but nearly everything from toys to power tools that you buy at Wal-Mart, Takashimaya in Singapore , or Hudson’s Bay in Canada is shipped months before from ports in Shanghai and Hong Kong.

Your iPhone and MacBook were shipped by sea from factories in the southern Chinese city Guangzhou, and Taiwan.See the rest of the story at Business InsiderNOW WATCH: How a 9 billion startup deceived Silicon ValleySee Also:The Air Force's 'rods from god' could hit with the force of a nuclear weapon with no falloutObama officials rushed to explain photos from 2014 that went viral showing locked-up immigrant children and Trump's facilities look the sameShare your opinion Become a BI Insider todaySEE ALSO: Ex-Facebook exec Chamath Palihapitiya's VC firm just lost 3 partners in 2 weeks, and it signals more changes to come

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