Flexport

Executive Summary

Flexport works as a modern shipping company that uses computer code to organize global transport. It uses a base of cloud software to try and beat old, established world players like Kuehne+Nagel. The firm brings in about 2 billion dollars in yearly sales by moving goods from start to finish, lending money for trade, and helping items clear government border checks. Even with this large size, Flexport is losing 200 million dollars after costs because global shipping prices dropped and profits per shipment got tighter. The founder Ryan Petersen recently came back as the head boss to change the plan toward running the business better and getting rid of side projects that do not matter. While its own custom software gives it a big advantage by letting customers see exactly where their goods are and lowering costs, the firm is still at risk when the global economy changes. Future success relies on Flexport making real profit after cutting many jobs and dealing with its changing leadership. This business model is a test to see if a tech focused way of working can fix the money side of the 1 trillion dollar world shipping industry.