Dan (the food industry CEO)
👤 SpeakerAppearances Over Time
Podcast Appearances
from China to the U.S.
of over $20,000.
That's insane.
Well, the average is about $2,000.
Yeah, so.
So, the five-year average, anyway.
Right.
So, what we're seeing is freight costs are absolutely going through the roof.
And you know what?
To be honest, there's nothing that you touch in America that doesn't have international ties.
Um, there just isn't even things that are made in America are put in a bag that was not made in America or, you know, some of their dyes and that made in America t-shirt are probably not from America.
Right.
So everything you touch is,
has international ties.
And when shipping and freight is this expensive and this backed up, that's just too much for companies to absorb.
It has to be passed on to the consumer.
So that's a huge, huge problem right now.
Yeah, there's a basket of things.
So one of the issues that most people probably don't register is there's some real steel shortages.
So just creating the containers is a problem.