Good morning,
If you’re still struggling with shipping--or with finding anyone who can ship your products at all--you’re not alone.
Fifteen months after the Covid-19 global supply chain squeeze, businesses of all sizes and locations are still reeling from extreme shipping prices and a lack of available shippers. The crisis has continued far longer than many expected. It’s fueled by a complex web of circumstances, including a surge in home-goods purchases and the blockage of the Suez Canal--and it shows no signs of abating any time soon.
"We have been working as a society through this backlog for now almost a year. It's getting worse and worse and worse. All the carriers are just sold out," says Ryan Petersen, the chief executive of Flexport, the logistics-technology company he founded in 2013. He spoke on Inc.'s What I Know podcast on Monday. Small businesses have particularly suffered, he says, because of the extreme costs associated with shipping their goods in a timely fashion.
Even with his unique perspective on logistics, Petersen says he can't predict when--or whether--the crunch will end. But he does have a theory. Listen to this week’s podcast episode to learn why companies may have to forecast more pandemic-era levels of supply and demand, and the repercussions that could follow. |
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