(MT Newswires) -- Ryan Petersen, CEO of Flexport - a leader in global supply chain technology - discusses the state of global supply chains as attacks by Yemen's Houthi rebels disrupt trade traffic in the Red Sea. Journeys are lengthened by 25% and the supply of available vessels is reduced, leading to a three- to four-fold increase in freight prices between Asia and Europe. Flexport uses technologies such as satellites to track cargo. Ryan also mentioned Flexport's acquisition of Shopify's logistics business.
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- Ryan Petersen, CEO of Flexport: Behind the scenes of the acquisition of Shopify's logistics division