Port of LA's Seroka On Supply Chain, Freight Rates Outlook

The video discusses freight rates, new capacity, and the muted peak season due to high inventory levels in the US. It covers the impact of labor negotiations on cargo movement at the Port of LA and efforts to regain market share through supply chain symposiums. The video also addresses de-risking strategies and the influence of China's economy on global trade.

What is the expected impact of new capacity on freight rates?

• Increase in demand

• No change in rates

• Increase in rates

• Price compression on the downside

Why was there a shift of cargo from the West Coast to the East and Gulf Coasts?

• Faster shipping times

• Trepidation about longshore labor negotiations

• Lower costs on the Gulf Coast

• Better infrastructure on the East Coast

What percentage of cargo moved to other gateways during the labor negotiations?

• 20%

• 15%

• 10%

• 25%

What strategy have companies used to de-risk supply chains from China?

• Reducing overall imports

• Four corner strategy or port diversification

• Focusing on domestic production

• Increasing imports from Europe

What percentage of the Port of Los Angeles cargo was trade with China last year?

• 50%

• 33%

• 75%

• 57%