This Week in Startups

Flexport's Ryan Petersen on returning as CEO, global logistics in a time of conflict & more | E1881

15 snips
Jan 16, 2024
Ryan Petersen, CEO and co-founder of Flexport, shares insights from his experience in global logistics. He discusses the economics of 'pick and pack' as a game-changer in direct shipping from factories to consumers. Petersen also addresses how the ongoing Red Sea crisis is affecting global trade routes. He reflects on leadership transitions within Flexport and the importance of tech innovations in freight forwarding. Their conversation delves into the challenges and opportunities shaping the future of supply chains amidst economic uncertainties.
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ANECDOTE

Knockoff Shoes

  • Jason bought $25 knockoff loafers from Temu, a popular website selling directly from China.
  • The shoes arrived in a plastic bag, were low quality, and smelled terrible.
INSIGHT

Section 321

  • Section 321 allows goods under $800 to bypass customs duties, facilitating direct-to-consumer sales from China.
  • This process involves labeling and shipping individual items, leveraging bulk freight for cost efficiency.
INSIGHT

Shipping Process

  • Products ordered from Chinese factories get labeled at the origin and shipped via air freight.
  • Last-mile delivery is handled by providers like UPS or USPS after clearing customs.
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