Shipping Costs Start to Crimp Globalization. By Larry Rohter, NYTimes, August 3, 2008. "Many economists argue that globalization will not shift into reverse even if oil prices continue their rising trend. But many see evidence that companies looking to keep prices low will have to move some production closer to consumers. Globe-spanning supply chains -- Brazilian iron ore turned into Chinese steel used to make washing machines shipped to Long Beach, Calif., and then trucked to appliance stores in Chicago -- make less sense today than they did a few years ago."
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