Why Tracy Can't Ship a Teddy Bear from Hong Kong to the U.S. Right Now
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 14 June 2021
⏱️ 62 minutes
🧾️ Download transcript
Summary
By this point, you're aware that shipping anything internationally is pretty tough right now. It turns out, it's getting worse. Earlier in the year, Tracy tried shipping a teddy bear from Hong Kong to the U.S. on a vessel, but, for a variety of reasons, it ended up not working out. At least she tried. Right now, she wouldn't even be able to try because international shipping has gotten that much more messed up. So what's behind this logistical nightmare? On this episode, we speak with Mercury Group CEO Anton Posner and President Margo Brock for a granular deep dive into the state of shipping and why it's so hard for Tracy (and even shippers with higher dollar value goods for sale) to get space on a vessel right now.
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Transcript
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| 0:00.0 | Odlots is brought to you by Apollo. When it comes to building and financing stronger businesses, |
| 0:05.1 | Apollo does the heavy lifting by providing customized capital solutions. Apollo, |
| 0:09.6 | investing in tomorrow, today. Learn more at Apollo.com. |
| 0:14.8 | Pop culture is always evolving, and those changes impact our lives in ways that are both visible |
| 0:20.3 | and not so obvious. I'm Lucas Shaw, and I cover the business of Pop Culture for Bloomberg. |
| 0:25.3 | My job is to uncover how entertainment is changing and explain what that means for you. |
| 0:30.0 | Because context changes how you see things, how you change things. |
| 0:33.8 | Context changes everything. Start exploring my coverage and more at Bloomberg.com. |
| 0:54.1 | Hello and welcome to another episode of the Odlots Podcast. I'm Tracy Alloway. |
| 0:59.2 | And I'm Joe Wisenthal. |
| 1:01.6 | Joe, do you remember that time I bought an actual barrel of oil or I tried to? |
| 1:07.9 | Yeah, I thought about that. You know, it's cool. We used to sit right next to each other. |
| 1:11.7 | I mean, now we're on the opposite sides of the world. That was fun. We didn't appreciate. |
| 1:15.2 | That was great. We actually got to work next to each other. I remember you bought some oil and |
| 1:19.4 | you kept it on your desk for a while. Yeah, well, I didn't really want to leave it in my apartment |
| 1:24.9 | because I'd heard and learned that crude oil evaporates into the air and it's not very safe. |
| 1:29.9 | So obviously, I took it to the office and I put it on the desk that was right next to you. |
| 1:35.2 | But the whole point of that. I survived. |
| 1:37.5 | Yeah. The whole point of that. Actually, you know, I heard that the little thing of oil |
| 1:42.8 | fully evaporated after a few years. It's totally gone now. It's kind of crazy. |
| 1:46.5 | Oh, man. Wait, where did it go? |
| 1:48.8 | Into the air. Oh, someone else at Bloomberg took it and then it evaporated. So I'm sure it's in |
... |
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