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Ryan Petersen

👤 Person
1877 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Ryan Petersen: Building Flexport

Okay, pick up the phone, you know, go there.

The Knowledge Project
Ryan Petersen: Building Flexport

Lost the cargo.

The Knowledge Project
Ryan Petersen: Building Flexport

All right, drive to the airport.

The Knowledge Project
Ryan Petersen: Building Flexport

Like, you know, I mean, it's a service business for, and it's B2B.

The Knowledge Project
Ryan Petersen: Building Flexport

You spend a lot of time with the customer.

The Knowledge Project
Ryan Petersen: Building Flexport

So, but especially that piece, the quality really started to suffer.

The Knowledge Project
Ryan Petersen: Building Flexport

And it's a really good lesson in business.

The Knowledge Project
Ryan Petersen: Building Flexport

And I think most businesses, like, actually, quality costs less.

The Knowledge Project
Ryan Petersen: Building Flexport

It's very counterintuitive.

The Knowledge Project
Ryan Petersen: Building Flexport

Go deeper on that.

The Knowledge Project
Ryan Petersen: Building Flexport

Well, in logistics, like, all the costs come from you make a mistake.

The Knowledge Project
Ryan Petersen: Building Flexport

Like, if you file a customs entry and you get the wrong classification code, you're going to spend weeks on doing that with the customs agencies.

The Knowledge Project
Ryan Petersen: Building Flexport

And, like, you might have license issues or regulatory problems, like...

The Knowledge Project
Ryan Petersen: Building Flexport

Getting it right that first time costs way less than one mistake will undo all your efficiency gains for the month, you know, in logistics.

The Knowledge Project
Ryan Petersen: Building Flexport

So I had to learn that the hard way.

The Knowledge Project
Ryan Petersen: Building Flexport

Our customer NPS really started to suffer.

The Knowledge Project
Ryan Petersen: Building Flexport

So the board was looking at it and going like, okay, you're burning too much money.

The Knowledge Project
Ryan Petersen: Building Flexport

You're going to have to cut costs.

The Knowledge Project
Ryan Petersen: Building Flexport

And that means cutting headcount.

The Knowledge Project
Ryan Petersen: Building Flexport

Like that's where most of the costs at.