Dynamo Dispatch. Weekly update from Dynamo Ventures covering the latest and greatest in supply chain, mobility, and building venture-scale businesses.

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Weekly Commentary 💭

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Supply Chain 📦

Gartner Identifies the Top Supply Chain Technology Themes in 2021. Gartner’s top supply chain themes are hyper automation, digital twins, immersive experience and applications, edge ecosystems, security, ESG, embedded AI and analytics, and augmented data intelligence. All of these themes underscore that future supply chains will be resilient and digital-first supply chains. Additionally, these themes show that data will be foundational to supply chain transformation. Collecting, integrating, and learning from data will enable automation, provide the backbone for machine intelligence and data analytics, as well as enhance IoT and cybersecurity services. These themes also demonstrate the shift towards delegating more decision-making authority to machines and algorithms than ever before. This shift is not meant to diminish human input in supply chains. Instead, this shift will equip executives with the data and tools they need to make more informed decisions than was possible without these tools. Totally unrelated, The Best Logistics Games That Make Supply Chains Fun.

Ship Orders Surge as Carriers Rush to Add Capacity. Global shipyards are flush with new orders due to efforts made by shipping lines to add capacity in order to meet surging demand. This surge in demand represents a complete 180 from a year ago when shipyards were struggling due to a faltering maritime market which came after years of dwindling orders. New container ship orders in the first five months of this year are nearly double what they were in 2019 and 2020. According to VesselsValue, in the first five months of 2021, 208 container ships worth $16.3B were added to the global order book, compared with 120 ships valued at $8.8B for all of 2020 and 114 vessels worth $6.9B in 2019. The number of new ship orders has been so strong that some shipyards have stopped giving quotes for new vessels and are trying to renegotiate existing orders. This increase in orders has been spurred by retailers rushing to replenish their inventory as consumer demand begins to skyrocket. All of these factors have meant big profits for ship operators and these profits have been invested in renewing and expanding their fleets. In the Pacific,  Korea Sweeps 60% of Global Vessel Orders in May With Ship Price at 6 Year High and Namura Shipbuilding Designs Bulker With Retractable Sails.   

The Rise of On-Demand Grocery Deliveries. On-demand services are transforming the grocery industry. Investors and founders alike see grocery delivery as a lucrative opportunity since everyone, not just the typical young, city-dwelling, educated startup customer, has to eat and has to frequent grocery stores. These on-demand grocery services are reaching a wider audience than those who are looking for late-night discounted ice cream. On some platforms nearly 50% of the food that is sold is fresh and some grocery delivery companies see offering recipe suggestions as the next step in their evolution. The rise of grocery delivery services have also been empowering for the elderly and members of the disabled community since it gives them an easier way to control an essential part of their lives. The dark stores that power these grocery delivery services usually have around 1.5K SKUs in it and some founders want to expand this to 4K SKUs--which is the amount in a small Aldis, but not as much as the 30K SKUs in a large grocery store. Some worry that the convenience that these apps provide are enabling a generation to be lazy and executives at Getir, a Turkish grocery delivery service, say that they are “democratizing the right to laziness.” This democratization could provide a new stream of income for grocers, delivery workers, and founders, but it could also harm locally-owned corner stores and grocers. Ultimately, the generation of disruption that has been squeezed into the past 18 months has been as transformative as the co-op model was in the 20th century and won’t disappear as lockdowns are lifted worldwide. 

Brands Turn to Air Cargo as Inventory Delays Continue. Supply chain bottlenecks have forced major brands such as Levi Strauss and Land’s End to increase their reliance on expedited air freight. This need for expedited freight--either air freight or fast ships--has even made its way into corporate financial projections. Peloton spent $100M to speed shipping and PHV, which operates brands such as Tommy Hilfiger and Calvin Klein, incorporated the cost of air freight into its financial projections for investors. While supply chain disruptions are usually a boon to air freight, the pandemic-induced decline in travel created “induced capacity decline” so retailers relied on fast ships. As travel restrictions have been lifted, the number of passenger flights has increased and demand for air cargo has risen as well. This has led a number of retailers to rely on air freight as a way to get inventory in the right place faster than they could a year ago. Both retailers and air carriers see this as an opportunity to "offset" higher freight costs with higher sales. Related, US Wholesale Inventories Rise Solidly; Supply Constraints Loom and Frito-Lay Say its Private Fleet, OTR Driver Team Are Advantages During COVID-19.  

MIT Report Examines Predictive Analytics in Supply Chains. A new MIT report details how predictive analytics are taking over supply chains. The three most common uses for predictive analytics are forecasting demand, predicting the timing of future events, and foreseeing risks or disruptions. The report details that when supply chain organizations are beginning to look at predictive analytics they need to define what analytics they need, what they are looking to measure, and what insights they want to get out of the data. The number one challenge for data analytics in the supply chain is the availability and quality of data. While data analytics algorithms are powerful tools, they are only as good as the data that is fed into them. Thus data quality and collection are paramount. Another challenge is getting non-technical members on board with data analytics. The report found that when logistics companies explain that data is like fuel and a strategic asset, employees will get on board. The report concludes that predictive analytics is a journey with a beginning, but no concrete end. Data is limitless. Thus, companies can always find new sources of data and new applications for that data to enhance their supply chains.

White House Supply Chain Report Outlines Reshoring Ambitions. The Biden administration released a 250-page report detailing its vision to increase the domestic production of pharmaceuticals, semiconductors, batteries, and minerals. The administration wants to reshore some production of these essential items because they want to reduce the number of times one event can result in significant disruption across the entire supply chain. The report concluded that one of the biggest challenges to produce these essential items domestically will be the cost, but the administration wants to pass the CHIPS act to cut these costs and incentivize domestic production. Building domestic supply chains for large-capacity batteries and minerals could be complicated by the lack of strong mineral deposits, but the report suggests that increasing domestic refining capabilities could go a long way to shore up those supply chains. The US has lithium resources that can be used for battery production and the report calls on its allies to work together to identify and secure sources of nickel and cobalt. The report also calls on agencies such as the US Geological Survey to identify materials that could be domestically sourced for these supply chains. Related Supply Chain Managers Shift Reshoring Focus to Total Cost of Ownership and USDA to Invest Over $4B to Strengthen Food Supply Chain.

Retail Sales to Exceed $4.44T in 2021, as NRF Revises Annual Forecast Upward. The National Retail Federation expects 2021 to have the fastest retail growth since 1984 as consumer spending accelerates. Excluding spending on gas, automobiles, and restaurants the NRF projects that total retail sales will be somewhere between $4.44T and $4.56T. This figure is up from $4.2T in 2020 and 6.5% higher than what the NRF thought it would be in February. Non-store and online sales are projected to grow by 18%-23% which means they would top $1T this year. Full-year GDP growth is projected to approach 7% which is up from the 5% forecasted earlier this year. The NRF believes that the fiscal and monetary policy that “lifted personal income and filled the well of missed income in April and May of last year” is key to this explosive growth. In other retail news, Retail Sales Continues to Drive Import Volumes at Major US Ports and Ecommerce Evolves the Supply Chain.

Europe’s Carbon Border Tax Plan Looms Over Global Trade. Europe has proposed a plan to tax imported goods on the amount of greenhouse gas emitted to make them. If passed, this proposal would be the first that sets limits on the amount of carbon in traded goods. The EU says that it wants to stop polluting industries from shifting production outside Europe to avoid the bloc’s emissions limits and then exporting back into the EU. This proposal has sent shockwaves through international trade and the US, China, and Russia have not warmly embraced the plan. John Kerry, the Biden administration's special envoy for climate, doesn’t think that carbon-tariffs such as this one would be effective, could undermine the Paris Climate Agreement, and could hinder the global push to drastically reduce emissions. Developing nations are wary of this tax since most of their factories rely on coal-powered plants and these proposed tariffs could impede their access to the European market. This proposed legislation is also forcing manufacturers to act. Russian manufacturers are looking to spin carbon-intensive production into separate companies that would sell into the domestic market and decarbonize the supply chains that would sell into the European market. In other net zero trade news US Joins Norway, Denmark to Advance Zero Emissions Ship Fuels and As G7 Calls Time on Coal, Have You Checked Your Supply Chain?

Better Pay Alone Doesn’t Retain Truck Drivers. In a presentation to UBS Global Industrials and Transportation Conference, Heartland Express said that better pay alone does not retain drivers. Instead, addressing driver concerns such as being home at night and a guaranteed pay rate do more to retain drivers than another round of increases in the company’s per-mile rate. This has forced Heartland to get creative and value a driver’s work-life balance in addition to their salaries. In a year of unprecedented supply chain bottlenecks guaranteed pay rates have meant a lot to drivers. Drivers who were stuck in Texas during the deep freeze essentially racked up no miles. Under a per-mile rate, they would see a diminished paycheck, but with guaranteed pay, they would still receive the paycheck they are accustomed to. Heartland says that this doesn’t disincentivize work, but provides a base level of pay and upward potential based on how much a driver wants to run. This gives drivers peace of mind since they know their paycheck will never dip below a certain level even in the wake of unprecedented events. Also, Shortage of Truck Drivers Means Employers Are Offering Increased Pay, Benefits and USA Truck, MCO Transport, Millis Transfer Latest to Bump Driver Pay. 

Mobility 🚗

2021 EV Outlook. EV sales have soared in the past few years, but rapid action is needed to bring emissions to net-zero by 2050. Currently there are 1M eVans and eTrucks, 10M eCars, 600K eBuses, and 260M eTwo and eThree wheelers on the road. The only segments where EVs make up more than 5% of total sales are buses and two and three-wheelers. According to projections from Bloomberg, zero-emission vehicles would have to reach 60% of total sales by 2030, which is higher than if current trends hold. In a different segment, Bloomberg estimates that municipal buses and two and three-wheeler emissions will be close to net zero, if trends hold as they are today.  While 2030 may seem distant, it is only two model-refresh cycles away for automakers so governments and corporations need to act now for a net-zero 2050 to be feasible. The falling prices of lithium-ion batteries and the rising demand for electricity will be what eliminates the need for the combustion engine. The cost of a lithium-ion battery has fallen 89% in the last decade, 13% in the past year, and will fall even more precipitously in the coming decade. All types of EVs are currently displacing 1M barrels of oil per day and that will rise to 21M barrels per day in a net-zero 2050. This demand for oil will be replaced by a demand for electricity. Governments and industry are working together on the necessary grid and infrastructure upgrades that will enable the 5K TKWh of electricity generated by EVs in a net-zero 2050.  EU Battery Factories Risk Being Underused, Warns Green Group, Ford Sold More than 10K EVs Last Month, and Demand Soars For Ford's eF-150 Lightning: 100K Pre-Orders Placed.  

How Software Is Eating the Car. The push to provide more safety and entertainment features in cars has transformed them into four-wheeled computers and this trend will only be accelerated with the rise of AVs. The need for both semiconductors and software in cars has been explosive. A decade ago, only premium cars contained 100-microprocessor controlled ECUs that execute 100M lines of code or more. Today luxury cars such as the BMW 7-series may contain 150 ECUs. More common vehicles such as the Ford F-150 relies on 150M lines of code and low-end vehicles are approaching 100 ECUs and 100M lines of code as features such as adaptive cruise control and automatic emergency braking become standard. A 2017 Deloitte study estimated that some 40% of the cost of a new car can be attributed to semiconductor-based electronic systems, including software, which has doubled since 2007. While software features are becoming a mandatory part of every car, it is estimated that only 10% of automotive software is developed in-house. This poses security and design risks for automakers which has led to an increase in the number of software and cybersecurity engineers working in automotive companies. Related, Automotive Software & Cybersecurity and Tesla Is Turning Cars Into Phones. Other Car Makers Better Catch On.

Fiat To Go Fully Electric by 2030. Fiat CEO Olivier François announced that between 2025 and 2030 Fiat’s product lineup will go fully electric. The automaker’s goal is to use falling battery costs to “bring to market electric cars that cost no more than those with an internal combustion engine.” Specifics on how that would be achieved will be released at a later date. Currently, only the Fiat 500 is offered as an EV and the automaker offered to put the Centoventi electric concept, unveiled in 2019, into series production. Stellantis, the 14-car group that owns Fiat, has plans to aggressively boost the number of EVs it sells. The automaker wants sales of EVs in Europe to reach 70% by 2030, up from 14% this year. In the US, the automaker wants sales of EVs to reach 35% which is up from 4% this year. In other electrification news, Rumors Abound Regarding Honda’s Second BEV and Renault Launches eMobility Industry Cluster in France.

Will Charging EVs Ever Be As Fast As Pumping Gas?  Advancements in lithium-ion batteries and solid state batteries could considerably speed up EV charging in the next 5-10 years, but there are many economic and technological hurdles in the way. The speed at which lithium ions move from a cathode to an anode determines how fast a battery charges. Making the battery charge faster is not as simple as making this process go faster since forcing lithium to an anode too fast could cause the battery to catch fire, explode, or reduce the capacity of the battery. One way to get around this could be to add more anode material to the battery, but this has the potential to make the battery-less energy efficient. Solid state batteries could be another way to speed up charging due to their solid electrolytes and anode materials that are more resistant to lithium plating. Many solid state batteries are early in their life cycle and it will be years before the advantages of these batteries can be harnessed at a charging station. Another piece of the puzzle is the amount of electricity that a charging station can provide. Fast charging stations provide more electricity than what most Americans use at home. If fast charging becomes widespread and something that Americans use at home this could put significant stress on the electric grid and would require major infrastructure upgrades. This has made many EV charging experts advocate for overnight at-home charging since it is more affordable and will put less stress on power plants. In other charging news EV Charging Networks Jostle For Pole Position Amid Biden's Push to Electrify and California Isn't Building Enough Charging Stations for EVs.

Why Rare Earth Permanent Magnets Are Vital to The Global Climate Economy. Rare earth permanent magnets, which are metals that have permanent magnetic fields, are an essential part of the economy. These magnets are critical to the production of EVs, wind turbines, refrigerators, missiles, and jets. This means that the production of this magnet has economic, environmental, and geopolitical implications. The first rare earth magnet to be developed was cobalt in the 1960s and by the 1908s the US and Japan developed a cheaper and stronger rare earth magnet, the neodymium-iron-boron (NdFeB). The balance of power for these magnets has shifted. China produced 87% of these metals in 2018 which makes them the largest producer in the world. China dominates this market because there is no comparable supply chain for these metals in the Western Hemisphere, the country has an abundance of the necessary raw material,  and it costs about 20% less to produce a rare earth magnet in China than in Europe. China’s only weakness in this area is the lack of patents the country produces for these magnets. The Japanese company Hitachi Metals is the world’s top magnet maker and it holds over 600 patents. The abundance of patents in Japan could stymie China’s dominance with rare earth metals. Even more rare earth permanent magnet new this week US Targets China Rare Earth Magnets For Possible Tariffs and The Rare Earth Industry Is Drawing Supply Chain Lessons From The Semiconductor Shortage.

Improving Safety is the Biggest Factor in Encouraging Cycling in Large Cities. In spite of the pandemic eBike boom, many in Europe and North America don’t feel safe cycling in large cities according to a new study from VanMoof and YouGov. The three biggest hurdles to eBike adaption were safety, the lack of cycling lanes, and the prevalence of eBike theft. Additionally, nearly one-third of respondents said that it was important for their city to prioritize eBike adaptation in the wake of the pandemic. These numbers also show a stark age gap. 46% of millennials, those under 35, said that prioritizing eBike adoption was important compared to only 24% of those over 55. This age gap also shows up in age gap enthusiasm. 35% of millennials said that they are more likely to make the switch to eBikes for short trips, which is the largest of any age group. Of all the major cities surveyed New York City had the greatest increase in respondents saying that their city should prioritize eBikes. 41% of New Yorkers say it's more important that their city prioritizes cyclists and that number is 68% among 25-35 year olds. The study also found that there is virtually no difference between men and women’s current attitudes to biking in their cities since the start of the pandemic. In other bike news, eBike Sales Boom Despite High Prices And Confusing Rules and Global Bicycle Production Shortage Could Last Until 2022.

AV Safety’s Tower of Babel. The lack of standards surrounding AV safety means that AV safety standards are becoming whatever (insert company name here) is saying. Starting in 2016 the NHTSA began soliciting voluntary reports on AV safety, but in a 2018 Waymo submission “No standard definition of safety exists in regard to AVs'' made its way into the report. A singular, meaningful standard for AV safety may not be on the horizon either. AV companies are still trying to figure out safety metrics and fear being put into a box by the federal government which could hinder meaningful innovation. A way to establish safety standards that please both industry and the government could be through VOICES software. VOICES software, which is what the DOD uses for airplanes, would let AV companies upload and verify performance data while protecting IP so safety standards could be created in a collaborative fashion. This solution wouldn’t produce a safe AV anytime soon, so AV companies will still be setting bespoke “safe” standards in the near term. Related, The Promise and Peril of Self-Driving Cars in Cities and Waymo and J.B. Hunt To Bring AVs to Texas in New Pilot.

Fundraises and M&A 💸

Yolda Raises $1.9M Led by SpeedInvest. Yolda is an Istanbul-based startup that manages the entire logistics operations for B2B clients. What differentiates Yolda is their focus on LTL rather than FTL B2B logistics. The seed capital will be invested in scaling the business. 

ShelfLife Raises $3M Co-Led by Switch Ventures and Kindred Ventures. ShelfLife is a startup that creates a directory and marketplace for raw materials. The startup targets smaller CPG brands that don’t have the procurement departments that large CPG companies have. The fresh funds will be used to further develop the product. 

Circulor Raises $14M Led by The Westly Group. Circulor is a London-based startup that provides supply chain traceability and dynamic CO2 tracking solutions to its customers. Circulor's technology assigns a digital identity to commodities and tracks the supply chain data and embedded carbon at each stage of production, recycling and end-of-life. The new round of capital will be used for ongoing innovation and extending its presence in North America and Asia.

Poka Raises $25M Led by North Ventures. Poka is a leading workforce connector tool specifically for manufacturing. The platform helps develop manufacturing talent and helps manufacturers find talent which has been an issue in the past year. The fresh capital will be invested in accelerating product development. 

Gideon Brothers Raises $31M Led by Koch Disruptive Technologies. Gideon Brothers is a Croatia-based robotics and AI startup. The startup specializes in creating AI and 3D-vision based autonomous mobile robots. The new funds will be invested in accelerating the development of and commercialization of their products as well as expanding their operations in the US. 

Overhaul Raises $35M Led by Macquarie Capital. Overhaul is a startup that makes supply chain visibility software. The startup’s software helps customers collect supply-chain data in everything from temperature control and package tracking. The capital infusion will be used to accelerate growth and at least 50 new team members. 

99 Minutos Raises $40M Led by Prosus and Kaszek Ventures. 99 Minutos is a Mexican last mile delivery startup. The startup delivers common items across Mexico and Latin American in 99 minutes or less. The new round of capital will be used to scale their Latin American business. 

MaintainX Raises $50M Led by Bessemer Venture Partners. MaintainX is a mobile-first workflow management platform for industrial and frontline workers. The startup’s software frees industrial workers paper and clipboards with a suite of digital tools that enhance communication and boost productivity. The capital infusion will be used to attract customers and accelerate revenue growth. 

Waabi Raises $83.5M Led by Khosla Ventures. Wasabi is a Toronto-based maker of AV technology. The startup will focus on trucking and hopes its technology will be key to automate driving on commercial delivery routes. The fresh capital will be invested in research and scaling the business. 

Buser Raises $138M Led by Lightrock. Buser is a Brazillian intercity bus startup. The startup has about 4M users and seeks to modernize bus service in Brazil where nearly 300M bus tickets were sold in 2019.  The fresh funds will be invested in expansion into cargo shipping, urban transportation, and a marketplace for traditional bus companies. 

Faire Rases $260M Led by Sequoia Capital. Faire is an online wholesale marketplace that helps small retailers connect with small brands. The average retailer on Faire does about $250K in annual sales and one of the most popular features for brands is to find retailers who don’t sell on Amazon. The capital infusion will be invested in further growth, especially in international markets. 

Oda Raises $271M. Oda is Norway’s largest online grocery business that has been backed by institutions such as Softbank.  The new valuation implies an increase of 36% in six weeks, which was when the company last raised funding. The startup’s revenue was as much as 2 billion kroner last year and the CEO said that the company’s operating profit was -3% in that time period. 

Lightspeed Acquires NuOrder for $212.5M. Lightspeed, a Canadian point-of-sale software provider, has acquired NuOrder, a Los Angeles-based B2B ordering platform that services wholesales, brands, and retailers. This acquisition comes as the eCommerce ecosystem is becoming less fragmented in the wake of COVID-19 and smaller players are looking for more innovative ways to join forces in order to compete with the likes of Amazon and Stripe. Lightspeed will pay $212.5M in shares for NuOrder. 

Northvolt Raises Co-Led by VW and Goldman Sachs $2.75B. Northvolt is a Swedish maker of lithium-ion batteries for EVs. While Northvolt has yet to put a battery in a car, the company has signed deals with $27B with companies such as BMW and it uses a different chemistry for the batteries so they will be recyclable. The capital infusion will be invested in scaling the business.  

Didi Chuxing Files for US IPO. The Chinese ride-hailing firm is targeting a valuation between $70-100B (Uber trades around $90B market cap). As a reminder, Travis Kalanick sold the Uber China business 5 years ago leaving Uber with ~13% of Didi going into the IPO. While Didi generated a net loss of $1.6B last year, Q1 2021 was favorable with the company seeing a net profit of $837M.

Lineage Logistics Acquires Kloosterboer Group. Cold storage giant Lineage Logistics has acquired Kloosterboer Group, a European provider of integrated temperature- controlled storage, logistics, and value-add services. Kloosterboer’s founding family will become investors in Lineage and roll a portion of the sale proceeds into Lineage equity. Terms of the deal were not disclosed. 

Nvidia Acquires Deep Map. Nvidia has acquired Deep Map, a high-definition mapping startup. The acquisition will boost Nvidia’s mapping and localization info which is an essential part of AV software. The acquisition will be finalized in Q3 2021.  

Transporeon Acquires TNX Logistics. Transporeon, a freight transportation technology provider, has acquired TNX Logistics, a European developer of procurement automation software. The acquisition will provide Transporeon’s customers with the ability to automate spot freight buying decisions, The terms of the deal were not disclosed. 

Worldwide Express Merges with GlobalTranz. 3PLs Worldwide express and GlobalTranz will merge in a multi-billion dollar deal in consortium with CVC capital, who will provide the necessary equity for the deal. The deal will allow the new organization to have its hand in most of the US transportation pie since Worldwide Express’ customer base is centered around SMBs and GlobalTranz works with larger enterprise shippers. The merger is expected to close sometime in Q3 of this year. 

SPAC Radar 📡

Eve Urban Air Mobility in a $2B Deal with Zanite Acquisition Corp. Eve Urban Air Mobility is the electric take-off and landing unit of Brazil’s Ember SA. The company makes eVOTLS, which are like flying taxis. While terms of the deal are not final, insiders expect the deal to be worth $2B. News of the impending SPAC merger sent Ember SA’s stock up by 15% on Friday morning after the company confirmed that the SPAC is being negotiated. 

Wallbox in $1.5B Deal with Kensington Capital Acquisition Corp. Wallbox is a Spanish manufacturer of EV chargers. The company will raise about $330M in the deal and it will include $100M from investment from Kensington along with Janus Henderson Investors, Luxor Capital, and Cathay Innovation. Wallbox could be the first European vehicle charger to enter public markets via an SPAC. 

Solid Power in Talks with Decarbonization Plus Acquisition Corp. III. Solid Power, a solid-state EV battery company that Ford has invested in, is in talks with Decarbonization Plus Acquisition Corp. III. to go public via an SPAC merger.  Ford will receive battery cells from Solid Power next year for testing and they could eventually find their way into a Ford vehicle. While the deal is not final, Decarbonization Plus Acquisition Corp. III. wants to raise $100M for the merger and the deal would produce an entity valued at more than $1.2B. 

Logistics Innovation Technologies SPAC is Stacked With Top Dealmakers. Logistics Innovation Technologies is a new SPAC that began trading on the NASDAQ ticker under LITTU this week. The SPAC, backed by Jake Medwell of 8VC, will offer 30M shares priced at $11.50. The blank check company will find transportation and logistics companies to merge with and bring public. LIT will rely on the combined expertise of 8VC in private market access, public market experience, and a wealth of knowledge in the transportation and logistics industry. The SPAC will focus on finding scaling companies that could be attractive to public market investors.  

Company Building 🛠️

How to Write Great Content. Clever ways to write quality content. Especially like template #3.

On Startup Valuations. “In a hot market like today’s, we encourage members of our investment club to evaluate their goals, pace themselves, consider making adjustments to their strategy, and always remain disciplined — by focusing on great founders, quality products, and delighted customers.”

Predictions on Remote Work. “Output focus: time will be replaced as the main KPI for judging performance by productivity and output. Great workers will be the ones who deliver what they promise consistently. Advancement decisions will be decided by capability rather than who you drink beer with after work”

Who's Hiring? 👩‍💻

Product Manager at ChAI in London, UK.

Mobile Developer at Milk Moovement in St. John’s, Halifax (remote ok).

Deployment Specialist at SVT Robotics in Norfolk, VA (remote ok).💥 Have you seen any interesting startups recently? Introduce us.❤️ We would love your support. Please forward to friends and share on social media.🗞️ If you were forwarded this and found it interesting, please sign up.🎙 Check out Dynamo's podcast series, The Future of Supply Chain.