5min chapter

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Flexport CEO Says a ‘Great Recession’ Is Here for Global Shipping

Odd Lots

CHAPTER

Is the Global Shipping Crisis Beginning?

A lot of these companies are private, so you don't really get to see everything that's happening. They tend to be private companies or in some cases, stay-doned or kind of quasi-stay-doned and where there's sort of some national interest in having a ocean carrier capacity. The manufacturing in China has been a long-term trend. As China's gotten richer, their labor costs have gone up. It's probably a good thing for the Chinese people. But manufacturers are always seeking out that lower cost labor. So I think it's overblown some of the heat on this stuff. There's no better time than the New Year to resolve your finances and protect your

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