Dan (the food industry CEO)

And in my world, it is because you're bringing in components internationally, even if it's just packaging and things like that.

So shipping and freight is

is really in a bad way right now.

So the Baltic Dry Index is kind of your gold standard for tracking freight costs.

Typically, what that does is it's tracking container loads and such, right?

They're not tracking your UPS guy delivering Amazon packages.

But freight is around the 12-year highs.

The last time the Baltic Dry Index was higher was 2008.

I feel like something happened in 2008.

I just can't remember what it was.

Um, anyway, so the average cost of freight, which is a 40 foot box, a 40 foot container from Shanghai to Los Angeles right now, uh, is about $10,000, right?

To get your container full of goods to Los Angeles is about 10,000.

The five year average is about $2,000.

So 5X.

Shanghai to New York is running about 12K.

The average is about 2,500.

The composite freight benchmark is sitting at about 8,500.

And the five year average is like 1,800 roughly.

So you're seeing these, usually you're seeing four to five times the cost.

I've seen container costs