We're Trying To Get Some Of Our Speakers

All service is temporarily suspended, pickup and delivery services. UPS announced no operational changes but closely monitoring and will implement planned contingency. Qatar Airways also halted all flights to and from.

Emirates SkyCargo as well suspended. Cathay Group out of Hong Kong as well suspended. Air India suspended.

So it's pretty broad at this point in terms of – and of course, rightly so, right, for the situation in the region. It doesn't make sense for these guys to be flying around in closed airspace. But nonetheless, it is going to definitely impact shipping rates.

I do remember during the pandemic that I work in IT hardware and I was buying container loads of equipment out of Dubai. And when I first started in December of 2020, a container ship was – a container, a 40-footer was like $5,000. By the end of 2021, it was $20,000.

At the start of my tenure there in 2020, at the end of it, a pallet air freight was $1,000. By the end of 2021, an air freight pallet was $5,000 to move cargo around. So I do have some experience with the impact of supply chains, albeit for different reasons.

But I think what we're going to see here is very similar to that in terms of the rates and the – what it's going to cost you to move stuff around until things settle down. No, I mean, this is a huge impact of the logistics. But I think people – it's not only the region, but even from an air travel perspective, it has fundamental implications for even travel between east and west, like from Europe to Asia.

A lot of those leverage the hubs in Qatar, Istanbul. And so this is also having implications for a lot of the air travel and kind of increasing cost, et cetera. So I think there's a lot to kind of discuss in the logistical aspect.

The longer this draws out, the higher the cost kind of goes on. So obviously, that's a major issue. I know we're trying to get some of our speakers back that we got.