Final answer:
Containerization in a company refers to the process of using standardized intermodal containers for efficient and cost-effective transportation of goods. It involves the use of containers to package and ship products, allowing for seamless movement across different modes of transportation.
Step-by-step explanation:
The term 'Containerization' refers to the process of using standardized intermodal containers to transport goods efficiently and cost-effectively. In a company, containerization involves the use of these containers for packaging and shipping products. The containers can be easily loaded and unloaded from different modes of transportation such as trucks, trains, barges, and ships, allowing for seamless and rapid movement of goods.
For example, instead of individually loading and unloading boxes or crates from a ship, the containers can be loaded onto the ship in a stacked manner, and then transported by trucks or trains without the need for unpacking and repacking. This saves time, reduces labor costs, and minimizes the risk of damage to the goods during the transportation process.