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Reports of Convoy Winding Down Digital Freight Business

Supply Chain Matters

Supply Chain Matters highlights a breaking news development related to Seattle based trucking based Cloud platform provider Convoy. Bloomberg, The Wall Street Journal and other industry specific media are reporting that Seattle based digital freight start-up services provider Convoy is preparing for a possible sale or other action.

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Flexport Acquires Convoy’s Core Technology

Supply Chain Matters

After reports last week indicating that Seattle based digital freight start-up services provider Convoy was preparing for a possible sale or winding down of business operations there are indications that freight logistics platform provider Flexport will be the acquirer of Convoy’s underlying technology.

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Reports That Convoy Exploring Strategic Options

Supply Chain Matters

A report initially published by The Information ( Paid subscription ) and subsequently industry publication Freightways , cited sources indicating that the Seattle based company, that counted Jeff Bezos , Bill Gates and Marc Benioff as investors, with Fidelity and T Rowe Price as later stage backers has taken this action.

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In Logistics, the Last Few Feet are as Important as the Last Mile

Enterra Insights

For congested metropolitan areas such as Seattle, the focus is actually on the ‘final 50 feet’ of those shipments.”[3] The study also found that clearing security accounted for 12% of total delivery time, while riding the freight elevator and looking for tenants’ locations accounted for 61% of overall time.”

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Global Status of the Physical Internet — A Vision for Sustainable, Secure, Resilient Supply Chains

Freightera

BM: For society, the Physical Internet (PI) enables order-of-magnitude improvements in the efficiency, sustainability, security, trustability and resilience of supply chains, logistics, and freight transportation, all around the world, within each company and across industries. EB: What are the advantages to society and consumers?

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Agriculture in the City

Enterra Insights

Food grown close to consumers reduces both transportation costs and food waste. Plenty itself had planned to open a farm near Seattle by this point, but decided to focus on building its tech platform.” In fact, Robbin Laird believes vertical, urban agriculture could become a national security issue.[8]

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Supply Chain Matters News Capsule Follow-Up: March 4 2022

Supply Chain Matters

The need for the price increases were attributed to exploding supply chain component and transportation costs. Seattle based Expeditors International of Washington acknowledged on February 20 that operational services were shut down as a result of a targeted cyberattack which significantly impacted internal systems.