Ryan Petersen on How Global Supply Chains Have Gotten Even Worse
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 14 October 2021
⏱️ 49 minutes
🧾️ Download transcript
Summary
We've been covering global supply chain pressures almost since the beginning of the year on Odd Lots. And with each episode the question is "ok, so when will things normalize?" But basically, not only have things not normalized, things have gotten much worse. So why can't the system stabilize? On this episode, we speak again with Ryan Petersen, the CEO of the logistics firm Flexport, on how supply chain pressures have gotten even worse since the last time we spoke with him in the spring.
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| 0:43.7 | Hello and welcome to another episode of the Odlots podcast. I'm Joe Weisenthal. And I'm Tracy Allowa. |
| 1:02.5 | So, Tracy, we've been talking about supply chain disruptions, shortages, etc. for so long now. |
| 1:13.4 | It seems that we're now sort of at the point where we need to start getting updates, |
| 1:18.1 | I think, from the first people that we spoke to about the problem many months ago. |
| 1:22.9 | We've come full circle by not really improving at all. Yeah, I think that's right. I mean, |
| 1:28.8 | I think so we started looking into these issues. Well, if you include semiconductors and the sort |
| 1:35.4 | of squeeze we've seen in semiconductor production, we started looking into this in 2019. And then, |
| 1:41.7 | of course, we had the global pandemic in early 2020. And that just kicked off all sorts of additional |
| 1:48.7 | supply chain and transportation gridlock issues. We've been examining those one by one by one. |
| 1:55.1 | And we've had a lot of people come on the show, well, maybe not a lot, but a few people come on |
| 1:59.6 | the show who have predicted that at some point, you know, hopefully it gets better. And yet, |
| 2:05.9 | here we are more than a year later. And it seems like things are not only not getting better, |
| 2:12.6 | they're actually getting worse. Yeah, that's kind of the wild part. So like, we've actually been |
| 2:18.0 | the logistical aspects of the pandemic. We're kind of the way we started. But then since the |
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