Grayson, Holt and their team invest in companies operating in and around the manufacturing, transportation and logistics sectors, which, they say “represent over half our country’s GDP and have not been tech-enabled.”
To put it in perspective, much of this has been driven by consumer demand of the past couple of years, from food delivery, a $150 billion market, to e-commerce in general, which is a market pushing $1 trillion in value within the decade. Both are being quickly adopted thanks, in part, to the pandemic.
In turn, that has caused a bottleneck in the supply chain and highlighted “cracks already in the foundation,” so to speak. Not to mention factories and large manufacturing companies dealing with shortages of both materials and labor. Grayson says the future of the supply chain might actually be more of a “hub-and-spoke” kind of thing versus a bonafide “chain.”
She also notes there isn’t a better time than now to invest early in the right building blocks and infrastructure to drive the next generation of technology companies.
“These are areas that have been chronically under invested in,” Holt added. “Given the recent economic climate, the pandemic and the geopolitical situation have only highlighted the importance of us building a tech infrastructure in these spaces so that they can be more agile and more responsive to where consumers are going, not where they have been.”