Ryan Petersen, CEO of Flexport, compares American port efficiency to international ports while discussing US supply chain bottlenecks.
Assertion Partly supported
Flexport CEO says government hid port delays by moving ships offshore
“They passed this rule that the ships have to wait a 150 miles offshore so that the carbon, so that the pollution wouldn't hit LA, like reasonable, good. But then they kept using the same metric for how many ships are waiting right outside the port. And it went…”
Assertion Partly supported
Petersen: 60% of Amazon third-party sellers are Chinese companies
“I think it's 60% of all the sellers on Amazon are these Chinese registered. They're not registered in the United States at all, just Chinese companies selling.”
Prediction Not checkable as stated
Peterson: Houthi rebels will not disrupt Suez Canal long term
“The Suez canal is too valuable in my opinion, Too valuable to civilization, to the modern world, to believe that, you know, a group of rebels, no matter how well funded they may be, is going to be able to disrupt that for any long period of time.”
Prediction Held up
Flexport CEO predicts severe retail inventory oversupply within six months
“I'm really worried that we're going to find out in six months or in some time period in the future here that people have ordered way too many goods, that these companies expected demand to stay high and keep booming. At some point, consumers start going to res…”
Assertion Contradicted
Petersen: Operators cannot run a non-union shipping port in the US
“And then but those as a condition of renting the port, you must agree to hire the ILWU. You can't run a non union port in the United States.”
Prediction Not checkable as stated
Petersen: IMO 2023 carbon regulations will slash capacity and spike shipping prices
“It will reduce the supply of shipping capacity and slow everything down another 30%. That, that takes place January first, 20, 23. It's getting very little attention, but to my view, it's going to be massively disrupted. If we slow everything down, reduce the …”