Since “Liberation Day,” Ryan Petersen has talked to more than 100 customers on Zoom. Petersen, CEO and founder of supply chain logistics unicorn Flexport, says businesses of all kinds are worried.
“The most striking thing has been the number of companies that have told me they’re going to go out of business, just fail and go bankrupt,” said Petersen. “I would say 80% of the companies that import just from China, nowhere else, will go bankrupt over the next six months if they don’t do something.”
