Despite the problems in the U.S. and around the world, there are some encouraging signs.
“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.
The new infrastructure bill is now law. As signed by President Biden on Nov. 15, it will ultimately spend $1.2 trillion. What will that mean in practice?
Supply chain tech is increasingly driven by late-stage venture capital activity.
“The most effective way to address supply chain congestion is to move inventory closer to the end customer,” said Deliverr co-founder and CEO Harish Abbott.
Jake Medwell of Austin, Texas-based 8VC, and Loren Smith of Skyline Policy Risk Group discuss geopolitics, infrastructure and regulation in their latest give-and-take session.
“The deluge of information can lead to processing delays, false detections and erroneous alarms. All this processing noise is what leads lidar systems to behave like distracted drivers,” said Spartan Radar’s founder and CEO on competing technology.
Amazon’s Jeff Bezos increases investment in U.K.-based supply chain platform Beacon and confirms rumors of investment in Singapore-based e-commerce platform Ula.
Daimler Trucks North America’s participation in this round points to an increasing market for Truck-as-a-Service products, tools integrated during the manufacturing process to help fleets manage safety, privacy and intelligent automation tools.
In his keynote address at FreightWaves’ Cold Chain Summit on Wednesday, Sudarsan Thattai, CIO of Lineage Logistics, says the global leader is well positioned to address future supply chain challenges through technology investments and key alliances.
