Abstracting Contractor Payments and the Importance of Cash Efficiency

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The chapter discusses the growing industry of abstracting how to make contractor payments around the world, including options to pay in cryptocurrency. They also talk about the importance of being cash efficient at the early stage of a company and share examples of companies with high monthly spending. The chapter highlights the benefits of offshore teams and talks about integrating remote work into companies.

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Today’s show:

Flexport's Ryan Petersen joins Jason to discuss the economics of "pick and pack" (5:42), factory-to-consumer effects (16:00), the impact of the Red Sea crisis (24:14), Flexport's leadership changes (35:11), and much more!

Timestamps:

(0:00) Flexport’s Ryan Petersen joins Jason

(1:19) Ryan explains Flexport and the companies focus

(5:42) The Economics of Pick and Pack - Shipping Directly from China to Customer

(11:15) Miro - Sign up for a free account at https://miro.com/startups

(12:31) The Origin of Pick and Pack in Global Logistics

(16:00) Factory-to-Consumer Effects on Fulfillment Centers and Product Quality

(22:50) Curotec - Check out http://curotec.com/twist and get $5000 off

(24:14) Analyzing the Impact of the Red Sea Crisis on Shipping

(29:35) The Trend of Companies Sourcing from Factories Outside China

(33:58) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

(35:11) Inside the Flexport CEO Drama and Leadership Challenges