When Flexport speaks people listen. Their hiring over the last few years was one of the 'tells' that shipping, despite gloom-and-doom was doing quite well. Some links below.
From Yahoo Finance
.@Flexport Chief Economist @PhilipILevy on the supply chain crisis: "I think if you're looking for 'When are we more confident that relief's gonna come?', it's a ways off. This might be as long as the beginning of 2023. There's a bit of a backlog, and it's a mess." pic.twitter.com/rhohzZhSEl
— Yahoo Finance (@YahooFinance) October 18, 2021
Partial transcript:
....ALEXIS CHRISTOFOROUS: Tell us when we might see this backlog finally start alleviate?
PHILIP LEVY: I think if you’re looking for “When are we more confident that relief’s gonna come?”, it’s a ways off. This might be as long as the beginning of 2023. There’s a bit of a backlog, and it’s a mess.
ANCHOR #2: We’ve seen a record number of people leave their jobs and obviously the president announced last week that the ports on Los Angeles and Long Beach were going to expand there hours. Where are all these workers come from?
LEVY: That’s a real question. I think there’s a challenge through a bunch of industries. You’ve got labor questions, inflation. One of the things that we’ve really seen if you look at the economy in this post-COVID era has been doing major reshuffles is just hard. We’ve seen that all up and down the supply chain.....
Watching 'position available' ads is some unsexy old-fashioned analysis.
Some of our Flexport links:
Logistics: "The unsexiest trillion-dollar startup"
This is old news but the company has been on a hiring binge this year and we'll probably be referring back to this piece.
(yes, we still track who's hiring, old-school research)
Shipping/Logistics: Softbank Is Reportedly Leading a $500 Million Round in Flexport
Shipping: Freight Forwarder Flexport: "...Digitizing The Entire International Shipping Process"
And many more, search blog box upper left.
