Flexe flexes its logistics muscle with $119M raise

Flexe, the on-demand logistics firm, wants to offer companies a more flexible, less costly supply chain to move their products through.

Why it matters: U.S. businesses racked up about $1.85 trillion in logistics costs in 2021, representing 8% of last year’s $23 trillion GDP, according to the trade group Council of Supply Chain Management Professionals.

• That has only been bolstered by the rapid adoption of e-commerce.