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Interview: Ryan Petersen, founder and CEO of Flexport
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Marc Levinson • 3 highlights
amazon.comBehind this frenzied expansion of long-neglected ports was the emergence of an entirely new line of thought about economic growth. Manufacturing was almost universally regarded as the bedrock of a healthy local economy in the 1960s, and much of the value of a port, aside from jobs on the docks, was that transportation-conscious manufacturers would
... See moreGlobal supply chains force retailers to gamble on inventory far in advance and to spend too much time and money overseeing the entire process.
These new ports, by and large, were privately managed, and in some cases privately financed. Their creation was a deliberate response to the economics of container shipping, in which keeping the ship moving is what matters most. Only the biggest ports are worth a time-consuming stop: in 2014, 46 percent of world container shipments moved through ju
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