Higher valuations driven by supply-demand imbalance
One thing that the pandemic has made clear is that large retailers — not just other third-party logistics and transportation providers — will be prolific acquirers of e-commerce fulfillment platforms.
COVID-19 has had a complex and multifaceted impact on the capital markets for transportation and logistics technology companies. Social distancing, corporate bans on travel, and choppy performance during the pandemic made it difficult for many...
https://www.freightwaves.com/news/bankers-covid-brought-more-buyers-to-market-for-e-commerce-tech