Amid ongoing Red Sea disruptions, shippers continue to juggle a growing list of concerns. “We’re almost right back where we were at the peak of COVID,” Flexport CEO Ryan Petersen told Bloomberg Television. “Back then, people got very emotional [about freight rate surges and breaches of contract]. When the same things happen now, they remember.” Ryan also discussed: • Ocean shipping capacity through 2026, and the resulting impact on pricing • How technology can help shippers circumvent delays during the peak season rush • How an International Longshoremen's Association (ILA) strike could upend supply chains nationwide Watch the full interview here → https://flx.to/BT
Flexport's Ryan Petersen on Red Sea Concerns and the State of Supply Chains
https://www.youtube.com/
Bill Paul
2w
Private Ryan says that the ILA contract "expires on September 31st." He actually says it twice. Okay Ryan, I'll say this slowly Thirty days hath September, April, June and November. All the rest have thirty-one, Excepting February alone, And that has twenty-eight days clear And twenty-nine in each leap year. Should I come up with a coloring book to help? And a little Math lesson, too. When you say "at a price somewhere in the middle. Market price was $15,000, normal price was $2,000, hey. I'll do it for you for $5,000." Somwhere in the middle of 15 and 2 would be $8,500 You're welcome.
Deputy CEO @ TradeLink Solution | Export-Import, Export Controls
1wThe ongoing disruptions in the Red Sea are reminiscent of the peak of COVID, with shippers facing renewed challenges. Flexport CEO Ryan Petersen highlighted key issues on Bloomberg Television, including the impact of ocean shipping capacity through 2026 on pricing, the role of technology in mitigating peak season delays, and the potential nationwide supply chain upheaval from a possible International Longshoremen's Association (ILA) strike. It's clear that staying adaptable and informed is crucial in navigating these turbulent times.