Sir, please explain this paragraph

Local topography also plays a role in the Earth's shape, but on a global scale its role is very small. The largest differences in local topography across the globe are Mount Everest, the highest point above sea level at 29,035 ft (8,850 m), and the Mariana Trench, the lowest point below sea level at 35,840 ft (10,924 m). This difference is only a matter of about 12 miles (19 km), which is very minor overall. If equatorial bulge is considered, the world's highest point and the place that is farthest from the Earth's center is the peak of the volcano Chimborazo in Ecuador as it is the highest peak that is nearest the equator. Its elevation is 20,561 ft (6,267 m).