Dave Clark, the Amazon.com Inc govt who constructed a supply arm to rival main cargo corporations, will be a part of logistics expertise startup Flexport as chief govt in September, he mentioned in a LinkedIn submit.
Amazon introduced final week that Clark deliberate to depart his position as CEO of its worldwide shopper enterprise on July 1.
The transfer will place Clark on the helm of an organization vying to change into one of many greatest supply-chain and logistics platforms globally, a mantle not in contrast to the one held by Amazon.
Each Flexport and Amazon promote transport providers to e-commerce retailers, though the startup focuses on bringing abroad manufacturing unit merchandise to nearer warehouses, whereas its bigger peer coordinates supply to buyers’ doorsteps.
Amazon CEO Andy Jassy mentioned Clark merely wished a brand new job, when requested about his departure at a Bloomberg expertise summit on Wednesday. “I do not begrudge him in any respect,” he mentioned.
Marc Wulfraat, president of logistics consultancy MWPVL Worldwide Inc, mentioned there didn’t look like important overlap between the 2 corporations.
In his LinkedIn submit, Clark mentioned Flexport was “tackling essentially the most difficult piece of the provision chain: the worldwide cross-border motion of products. It’s an space the place few expertise corporations have dared to tread due to the huge array of regulatory guidelines, intimidating geographical distances, and siloed community of suppliers.”
Clark earlier mentioned he left Amazon with a multi-year plan in place to handle inflationary challenges and wished to get again to constructing. Amazon has vowed to chop prices after a interval of over-expansion, which on Wednesday Jassy defended as having been the best transfer to assist with buyer deliveries.
Ryan Petersen, Flexport’s present chief, mentioned in a Twitter submit that he and Clark can be co-CEOs for six months from Sept. 1, after which Petersen will change into govt chairman. Clark joins Flexport’s board as effectively, he mentioned.
In February, Flexport greater than doubled its valuation to $8 billion after a funding spherical led by enterprise capital companies Andreessen Horowitz and MSD Companions.
It expects income of near $5 billion this 12 months, Petersen mentioned.
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