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Ryan Petersen

👤 Person
1877 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Ryan Petersen: Building Flexport

And the cost was going to go up 30%.

The Knowledge Project
Ryan Petersen: Building Flexport

He's like, oh, all right, I'll just build this line somewhere else in another country.

The Knowledge Project
Ryan Petersen: Building Flexport

Yeah, it's temporary though.

The Knowledge Project
Ryan Petersen: Building Flexport

You're still going to pay the tariff.

The Knowledge Project
Ryan Petersen: Building Flexport

So it doesn't really work for like changing the nature.

The Knowledge Project
Ryan Petersen: Building Flexport

But a bonded warehouse will let you make a bet that tariffs are going to come down.

The Knowledge Project
Ryan Petersen: Building Flexport

So when tariffs were at 145 on China, we helped a lot of companies move into bonded warehouses because we all predicted that it would come down from there.

The Knowledge Project
Ryan Petersen: Building Flexport

So you're better off waiting and only enter the goods, only exit them out of the building, but enter them into the U.S.

The Knowledge Project
Ryan Petersen: Building Flexport

commerce after the tariffs have come down.

The Knowledge Project
Ryan Petersen: Building Flexport

So there's some hacks around the edges.

The Knowledge Project
Ryan Petersen: Building Flexport

There's a lot that you need to do.

The Knowledge Project
Ryan Petersen: Building Flexport

Before, you didn't care about valuation.

The Knowledge Project
Ryan Petersen: Building Flexport

The value of the goods, if it was times zero, who cares?

The Knowledge Project
Ryan Petersen: Building Flexport

But now, all of a sudden, if it's times 30% or whatever number, you care a lot more of how is it valued.

The Knowledge Project
Ryan Petersen: Building Flexport

And there are all kinds of legal ways, and you need to get really great advice on legal advice or trade advisory on how to do this.

The Knowledge Project
Ryan Petersen: Building Flexport

But there are ways tracking that.

The Knowledge Project
Ryan Petersen: Building Flexport

You want to be able to really track every single component of a product.

The Knowledge Project
Ryan Petersen: Building Flexport

Where is it made?

The Knowledge Project
Ryan Petersen: Building Flexport

And what is its cost?

The Knowledge Project
Ryan Petersen: Building Flexport

So, like, if you have a cow, there's steel and aluminum duties right now that are really high.