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401 Supply Chain Unicorns Say: We’re Not the Next Convoy

The Information
Theo Wayt @ The Information 2 place · 11/07/2023 09:00 EDT

Supply Chain Unicorns Say: We’re Not the Next Convoy

Trucking startup Convoy abruptly shut down last month, while freight forwarder Flexport’s revenue has cratered. Other supply chain unicorns are now trying to prove they will have a different fate.

Previously unreported financial data for three other major supply chain startups, including Project44 and Cart.com, show all of them are on track for decent double-digit percentage revenue growth this year. And with venture dollars drying up, these startups are scrambling to conserve cash and turn profitable.

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