Supply Chain

In business and finance, supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Source: en.wikipedia.org

Flexport Bolsters its Position in Digital Freight with Convoy Acquisition
Flexport Bolsters its Position in Digital Freight with Convoy Acquisition
November 01, 2023  |  Acquisitions

San Francisco-based digital freight startup, Flexport, has made a significant move in the logistics industry by acquiring Convoy, a Seattle-based trucking startup, according to media...

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ORO Labs Raises $34 Million for Smart Procurement Workflow Platform
ORO Labs Raises $34 Million for Smart Procurement Workflow Platform
November 01, 2023  |  B2B Payments

Smart procurement workflow platform ORO Labs has raised $34 million in Series B funding. The firm will use the new capital to meet the demand for solutions...

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Amazon’s Counterfeit Crimes Unit Pursued 1,300 Criminals Last Year
Amazon’s Counterfeit Crimes Unit Pursued 1,300 Criminals Last Year
November 01, 2023  |  Amazon

Amazon’s Counterfeit Crimes Unit (CCU) sued or referred for investigation more than 1,300 criminals and disposed of 6 million counterfeit products last year. These actions...

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Report: Flexport Looks to Snap Up Convoy’s Tech
Report: Flexport Looks to Snap Up Convoy’s Tech
October 29, 2023  |  Supply Chain

Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S....

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Digital Freight Startup Convoy Closes Down
Digital Freight Startup Convoy Closes Down
October 19, 2023  |  Supply Chain

Digital freight startup Convoy has announced the closure of its business. The Seattle-based trucking startup, which counted Jeff Bezos and Bill Gates among its investors,...

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Digital Freight Startup Convoy Suspends Operations
Digital Freight Startup Convoy Suspends Operations
October 18, 2023  |  Supply Chain

Digital freight startup Convoy has announced the suspension of its operations and the winding down of its core business. The company, which was founded by former Amazon executives...

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Loop CEO: Logistics Payments Is Transforming Into a Data Business 
Loop CEO: Logistics Payments Is Transforming Into a Data Business 
October 18, 2023  |  B2B Payments

Intractable problems are frequently where complexity meets resilience. And while some of the most historically entrenched problems, like those surrounding global logistics payments and supply...

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Flexport Sets 2025 Goal for Profitability, IPO
Flexport Sets 2025 Goal for Profitability, IPO
October 17, 2023  |  Supply Chain

Supply chain logistics company Flexport is undergoing a restructuring process to regain profitability and reshape its business.  Founder Ryan Petersen has set a long timetable for achieving profits, setting...

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Relay Payments Unveils Automated Freight Payments Tool
Relay Payments Unveils Automated Freight Payments Tool
October 17, 2023  |  Supply Chain

Relay Payments, a FinTech company specializing in modernizing payments for the logistics and trucking industries, has introduced RelayDirect, an automated freight payments tool for brokers....

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