Dave Clark made Amazon a logistics powerhouse. Now he’s raised $100 million to help Fortune 500s perfect their supply chains too

Fortune10-08

In over two decades at Amazon, Dave Clark oversaw the transformation of the online retailer into a shipping and delivery giant, before rising to the No. 2 executive role alongside founder Jeff Bezos ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474540542?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/9EQMzrjDDqaz9NWm.X1XIQ--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/ce3b04c51b64cfc159ae04fcf606bd84","is_english":true,"pubTime":"2024-10-08 21:23","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2474540542","market":"us","top_or_hot":-1,"title":"Dave Clark made Amazon a logistics powerhouse. Now he’s raised $100 million to help Fortune 500s perfect their supply chains too","media":"Fortune","content":"<div>\n<p>In over two decades at Amazon, Dave Clark oversaw the transformation of the online retailer into a shipping and delivery giant, before rising to the No. 2 executive role alongside founder Jeff Bezos ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dave-clark-made-amazon-logistics-132324785.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dave Clark made Amazon a logistics powerhouse. Now he’s raised $100 million to help Fortune 500s perfect their supply chains too</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDave Clark made Amazon a logistics powerhouse. Now he’s raised $100 million to help Fortune 500s perfect their supply chains too\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/dave-clark-made-amazon-logistics-132324785.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In over two decades at Amazon, Dave Clark oversaw the transformation of the online retailer into a shipping and delivery giant, before rising to the No. 2 executive role alongside founder Jeff Bezos ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dave-clark-made-amazon-logistics-132324785.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFSS7M15.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/dave-clark-made-amazon-logistics-132324785.html","article_id":"2474540542","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9EQMzrjDDqaz9NWm.X1XIQ--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/ce3b04c51b64cfc159ae04fcf606bd84"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474540542","pubTimestamp":1728393804,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In over two decades at Amazon, Dave Clark oversaw the transformation of the online retailer into a shipping and delivery giant, before rising to the No. 2 executive role alongside founder Jeff Bezos and eventually Bezos’s successor, Andy Jassy.Now Clark is channeling that lifetime of experience, plus learnings from a brief, turbulent stint atop supply-chain startup Flexport, to bet on himself.Clark founded a new AI-powered supply-chain startup called Auger this summer, and has raised $100 million in Series A funding entirely from the investment firm Oak HC/FT, he told Fortune in an interview on Monday. Clark’s aim is to help midsize enterprises with global supply chains—think the Fortune 500 outside of the top 50—integrate various supply-chain systems, and their data, from different providers into a single operating system that looks more like a consumer app than a clunky enterprise solution.Clark left Amazon for the CEO job at freight software startup Flexport, in part owin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4581":"高盛持仓","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","FLX":"闪送","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4507":"流媒体概念","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4566":"资本集团","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","AMZN":"亚马逊","BK4220":"综合零售","BK4524":"宅经济概念","BK4535":"淡马锡持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4527":"明星科技股","BK4538":"云计算","BK4579":"人工智能","BK4588":"碎股","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4561":"索罗斯持仓","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4503":"景林资产持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4122":"互联网与直销零售","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC"},"translate_title":"戴夫·克拉克使亚马逊成为物流巨头。现在他也筹集了1亿美元来帮助财富500强企业完善供应链","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"FLX":0.7},"content_text":"In over two decades at Amazon, Dave Clark oversaw the transformation of the online retailer into a shipping and delivery giant, before rising to the No. 2 executive role alongside founder Jeff Bezos and eventually Bezos’s successor, Andy Jassy. \nNow Clark is channeling that lifetime of experience, plus learnings from a brief, turbulent stint atop supply-chain startup Flexport, to bet on himself.\nClark founded a new AI-powered supply-chain startup called Auger this summer, and has raised $100 million in Series A funding entirely from the investment firm Oak HC/FT, he told Fortune in an interview on Monday. Clark’s aim is to help midsize enterprises with global supply chains—think the Fortune 500 outside of the top 50—integrate various supply-chain systems, and their data, from different providers into a single operating system that looks more like a consumer app than a clunky enterprise solution.\n“The software doesn’t really talk to each other; a friend of mine calls it Franken software,” Clark says of traditional supply-chain systems. “The pieces all come together but don’t [work] together, and so people end up setting up teams of analysts with Excel. A shocking amount of the world’s supply chain actually runs on Excel.”\nWith Auger, Clark aims to let business users get real-time answers to pressing questions around shipments, forecasting, and other critical areas through simple text queries. Such visibility should help increase a supply chain’s efficiency while lowering costs, Clark believes.\n“How do we allow companies to run their supply chains with the same level of simplicity and elegance as the consumer applications that they use every day?” Clark asked rhetorically. “The technology totally exists to do that, and I think it just hasn’t been put together.” \nClark says the sweet spot for an Auger customer will be companies that have global supply chains but aren’t so large as to employ massive in-house technology divisions. The startup will likely focus its efforts on U.S.-based companies initially, but hopes to eventually expand beyond that including into the government and defense spaces. \nClark moved back to Washington State from Texas to launch Auger, which is headquartered in Bellevue. The startup plans to grow to 30 to 40 employees in the next six months, according to a spokesperson. Auger hasn’t yet released a product nor has Clark decided which AI model or models the startup would use.\nClark spent 23 years at Amazon, retiring from the company in 2022 as CEO of its global consumer business, where he reported to Amazon CEO Bezos and later to his successor, Jassy. Clark spent almost a decade of his time at Amazon in roles more or less equivalent to a chief supply-chain officer, launching and scaling Amazon’s last-mile delivery network and laying the foundation for a new regional warehouse structure that the company says has helped increase shipping speeds.\nClark left Amazon for the CEO job at freight software startup Flexport, in part owing to friction with Jassy, his new boss. But Clark spent just a year at the startup before Flexport founder Ryan Petersen pushed him and his deputies out in a dramatic, befuddling move.  \nClark, who says he hasn’t spoken to Petersen or Jassy anytime recently, had reportedly been considering a run for Texas governor in 2026. But he tells Fortune that he had decided not to throw his hat in the ring after Gov. Greg Abbott announced earlier this year that he intended to run for reelection. “He’s a great governor,” Clark says of Abbott, though he notes that he hopes to eventually get into politics, in part because of his disillusionment with career politicians.\n“Much of the problems we talk about today, whether immigration or anything else, are highly solvable problems that rational people on both sides share probably 80% or 90% of the same objectives and cannot get the ball across the line because it’s just too good politically for their careers to fight,” he says. “I think if you have a world where politicians … that’s not their career … you have a higher probability of solving some of these intractable issues that linger and create lots of dysfunction in the world.”\nAs for the impetus behind Auger, Clark says he had visions of tackling a similar problem at Flexport.\n“I went to Flexport with this idea that we could build the same kind of things we built at Amazon but for other businesses,” Clark notes. “And that was kind of the intent when I went there, but we ended up not aligned on the mission in the same way.”\nNow he gets a second chance. With a $100 million war chest behind him.\nThis story was originally featured on Fortune.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474540542"}