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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