Flexport's Ryan Petersen on returning as CEO, global logistics in a time of conflict & more | E1881
This Week in Startups is brought to you by… Curotec. Are you one of those companies that knows you need to be using AI, but you're not even sure where to start? Well then you need Curotec. They are AI experts, and they're offering TWiST listeners an AI Strategy Roadmap tailored to your business for $5000. That's 50% off the normal cost just for telling them we sent you. Check out curotec.com/twist and get $5000 off! Miro. Working remotely doesn’t mean you need to feel disconnected from your team. Miro is an online whiteboard that brings teams together - anytime, anywhere. Go to https://miro.com/startups to sign up for a FREE account with unlimited team members. Ketone-IQ is a clean energy boost without sugar or caffeine. Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST * Today’s show: Flexport's Ryan Petersen joins Jason to discuss the economics of "pick and pack" (5:42), factory-to-consumer effects (16:00), the impact of the Red Sea crisis (24:14), Flexport's leadership changes (35:11), and much more! * Timestamps: (0:00) Flexport’s Ryan Petersen joins Jason (1:19) Ryan explains Flexport and the companies focus (5:42) The Economics of Pick and Pack - Shipping Directly from China to Customer (11:15) Miro - Sign up for a free account at https://miro.com/startups (12:31) The Origin of Pick and Pack in Global Logistics (16:00) Factory-to-Consumer Effects on Fulfillment Centers and Product Quality (22:50) Curotec - Check out http://curotec.com/twist and get $5000 off (24:14) Analyzing the Impact of the Red Sea Crisis on Shipping (29:35) The Trend of Companies Sourcing from Factories Outside China (33:58) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST (35:11) Inside the Flexport CEO Drama and Leadership Challenges (42:28) How the Market Collapse Influenced Flexport's CEO Transition (47:51) Deciding When a Company Should Go Public (52:07) The State of the Global Workforce and Remote Work in Today's World * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * LINKS: https://www.freightwaves.com/news/flexport-acquires-shopifys-fulfillment-business https://customscity.com/from-past-to-present-a-historical-overview-of-section-321-and-its-influence-on-customs-compliance/#:~:text=Section https://news.usni.org/2024/01/07/indian-navy-retakes-merchant-ship-from-armed-hijackers-in-the-arabian-sea https://www.oberlo.com/blog/what-is-epacket-delivery https://www.neom.com/en-us/about/business?gclid=CjwKCAiA-vOsBhAAEiwAIWR0TWI18Hs6lr63ifzYvlOoQMChQJQ9Dqmt4XNzza3SoFSC-_16kQtvCxoCikAQAvD_BwE https://www.youtube.com/watch?v=BubAF7KSs64 * Thanks to our partners: (11:15) Miro - Sign up for a free account at https://miro.com/startups (22:50) Curotec - Check out http://curotec.com/twist and get $5000 off (33:58) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST * Follow at: X: https://twitter.com/typesfast https://twitter.com/Jason * LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast