Tue, 24 May 2022 03:56:37 +0000
China’s national high‑speed rail network mileage will increase from about 23,000 miles to roughly 40,000 miles in the near future (implied within several years after 2022) as ongoing construction is completed.
“and I could access about 23,000 miles of high speed trains and get to Beijing, get to further than Guangzhou, get to western China. It is amazing and it is happening so quickly. And that number will soon be 40,000 as they continue to build.” View on YouTube
Flexport’s revenue for calendar year 2022 will be approximately $5 billion.
“to give you context of Flexport started in 2013. Its first revenue was in 2014. We did $2 million in revenue that year. We're on track this year to do $5 billion in revenue.” View on YouTube
There is a significant likelihood of another U.S. West Coast port strike starting around July 1, 2022, when the longshore contract comes up for renewal, potentially again disrupting imports into the United States.
“in 2015, there was a port strike on the West Coast, and you couldn't import anything into the United States for like three months. Total pandemonium, by the way, that might happen again July 1st. Their contract that they negotiated back then is up for renewal on July 1st. So we might talk about that.” View on YouTube
Global abject poverty will be eliminated within the remaining lifetime of the speakers (implying within the next several decades, roughly by the late 21st century), except in countries that are ruled by dictatorships, where abject poverty will persist.
“People living in abject poverty will probably end in our lifetime. You know, the only places it won't end is in places with dictators.” View on YouTube
The predicted 'within our lifetime' elimination of global abject poverty is a multi-decade claim that hasn't resolved.
If international shipping delays between China and the U.S. remain at their 2022 levels, an increasing number of brands will shift production or sourcing to locations closer to their end markets (e.g., nearshoring to countries like Mexico) over the subsequent years.
“brands are going to respond to shipping closer to home. So that is a trend that you're going to see more and more of. Uh, if the delays stay the way they are.” View on YouTube
Nearshoring to countries like Mexico did accelerate significantly in 2023-2024, matching the predicted outcome, but the stated cause (persistently elevated shipping delays) didn't hold: shipping delays actually eased substantially after 2022, and the nearshoring trend was driven more by tariffs and supply-chain diversification from China than by shipping delays specifically.