We’re all painfully aware of the shortages—and higher prices—resulting from serious supply chain challenges. Government, so far, has been rather helpless, exemplified by our Transportation Secretary taking parental leave.

But this episode of What’s Ahead points out that immediate and effective measures could be taken to bust open the bottlenecks and names the man who should head up this crucial—and Christmas-saving!—effort: Ryan Petersen. He runs a fast-growing freight-forwarding operation called Flexport. With one tweet—which became a megastorm—he has already wrought a minor miracle at the major port of Long Beach, CA.

There are other emergency Petersen-like moves that could be taken instead of the punitive fines that are now being imposed on shippers for delays that are beyond their control, fines that could sink some already-listing shippers.

By the way, those fines will also result in higher consumer prices.

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Steve Forbes is Chairman and Editor-in-Chief of Forbes Media. Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media. Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers, politicians and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring Steve’s signature views on the intersection of society, economic and policy. Steve helped create the recently released and highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. Steve’s latest book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames (McGraw-Hill Professional). Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate. In both 1996 and 2000, Steve campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Steve continues to energetically promote this agenda.

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