5 • 1.1K Ratings
🗓️ 16 April 2025
⏱️ 43 minutes
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0:00.0 | Global trade is under immense pressure from many angles. |
0:03.6 | What's the mindset that you've seen in your customers, |
0:06.8 | these American businesses who are ordering from China? |
0:10.0 | It's very ugly. There will be bankruptcies from this. |
0:12.8 | People are pretty pissed off, realizing, hey, you know, you build your whole life, |
0:16.2 | build your whole career around this. |
0:17.8 | And now all of a sudden, you know, maybe your business model doesn't work. |
0:20.2 | They're sitting there thinking, okay, we still have to set up our customers they're trying to figure out |
0:25.1 | where they can reconfigure and how quickly they can do that ironically like some of this stuff might |
0:30.1 | increase the demand for global shipping a lot of what's happened is manufacturing is moved |
0:34.4 | final assembly manufacturing is moved to places like Vietnam. But a lot of the |
0:38.1 | components are still made in China. If you're like, oh, trade's going to go down. Actually, trade might go up. |
0:42.4 | We have seen a tremendous growth in global trade really since year dot. When you look at this, |
0:47.9 | you see anything that changes that path. The human beings have an innate desire to find a customer |
0:53.7 | or a supplier that helps them make |
0:55.9 | their life better. |
0:57.0 | And if a certain government tries to rein it in, guess what? |
0:59.3 | The main line of trade will move elsewhere and civilization will advance. |
1:03.4 | And there's many cases where cities that were once great got left behind. |
1:07.0 | My personal prediction, you didn't ask me my prediction, but I'll go ahead and say it. |
1:11.9 | I'm here with a man who was really at the center of this tariff storm and the impact of these trade wars, |
1:19.1 | Ryan Peterson, the CEO of the very, very fast-growing logistics platform, flex port. |
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