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Does freight logistics require a one-stop store? That’s Flexport’s take, and possibly that is among the reasons that Convoy didn’t exercise; nevertheless, it may be prematurely for this method in Latin America. On a various note, financiers still appear going to support start-ups that assist individuals consume less alcohol, as long as there’s AI included.
By the method, this newsletter will be taking a break next week, however I’ll be back December 2.– Anna
Lessons to find out?
Business owners typically compose postmortems after shutting down or offering their business, however it is less typical for these lessons to be drawn by their acquirers. That’s what took place to Convoy, an unsuccessful digital freight unicorn whose tech foundation — consisting of a couple of staff member– is being obtained by Flexport.
In a memo priced quote by FreightWaves, Flexport CEO Ryan Petersen made it clear that while he liked purchasing Convoy due to the fact that of the “unbelievable tech stack” it developed, he was not purchasing its technique.
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