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Is Convoy’s Demise the end of the Road for Supply Chain Tech financing?

Is Convoy’s Demise the end of the Road for Supply Chain Tech financing?

A Note From Me

Is Convoy’s Demise the end of the Road for Supply Chain Tech financing?

Convoy entered the scene as an intriguing disruptor, offering a digital marketplace that leveraged machine learning to match shippers and truckers more efficiently. This innovation promised to reduce costs and bring transparency to the freight industry. With investors like Amazon CEO Jeff Bezos, LinkedIn co-founder Reid Hoffman, and others, Convoy raised a substantial $1.1 billion. They also had high-profile clients too! Shipping heavyweights like AB InBev, Unilever, P&G, and Home Depot were regular clients.

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What We're Reading

TikTok Is Bringing Logistics to the E-Commerce Dance (WSJ)
The Workers Who Make Your Clothes Want Higher Pay. Who Should Pony Up? (WSJ)
Look, Up in the Sky! It’s a Can of Soup!(NYTimes)
The right stuff: How Build-A-Bear is creating a cuddly (and lucrative) empire (RetailDive)
Supply Chain Unicorns Say: We’re Not the Next Convoy (TheInformation)
Venture Capital Cools on Supply-Chain Tech Startups (WSJ)
These Five Countries Are Key Economic ‘Connectors’ in a Fragmenting World (Bloomberg)

Shipping Cutoff Dates

December 2023 Cutoff Dates now available

Core Supply Chain KPIs

Find more Logistics Industry News from our trusted partner, Laufer here

New Episode of E-commerce on Tap

In our latest episode, Nathan engages with Jason from iTristan Group to dissect the intersection of macroeconomic trends and ecommerce. They delve into optimizing inventory against the backdrop of economic shifts and how supply chain automation is becoming a game-changer in commerce.