Project44, a Chicago, Illinois-based supply chain visibility solutions provider, today announced that it acquired last-mile delivery startup Convey for $255 million. Together, Project44 says that it and Convey will serve the global supply chain end-to-end, offering insights to help brands deliver new direct-to-consumer and ecommerce experiences.
Once a back-office process, supply chain management is now recognized as one of the most critical business functions in the enterprise. According to a recent Gallup poll, 60% of U.S. adults say that they’ve been unable to get a product they wanted in the past two months because of shortages. Thirty-five percent of companies told Statista that delays in cross-border transportation during the pandemic had an impact on their business, and 52% said that hiring and retaining qualified supply chain workers was proving extremely or very challenging.