Autonomous trucking business, Embark, winds down.
- karen0529
- Mar 27, 2023
- 1 min read
© gorodenkoff / iStock
Since going public 16 months ago, Embark has announced layoffs of 70% of their staff and are shuttering the business. Original backers supported their “sophisticated self-driving software” developed to navigate freight trucks on long-distance routes. Founders said they were “unable to identify a path forward for the business in its current form.”
More details can be found in the Crunchbase News article.
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It's unfortunate to hear that Embark is winding down its autonomous trucking business, especially given the potential of this technology to transform the logistics industry. As companies navigate the complexities of supply chain management, utilizing asset tracking systems can be vital in optimizing their operations. These systems provide real-time insights into fleet status and asset utilization, helping businesses make informed decisions and enhance efficiency, even amidst changes in the industry landscape. It will be interesting to see how the market evolves in response to this shift!