Dave Clark, the former CEO of Amazon's consumer division, has launched a new supply chain venture named Auger after his departure from Flexport. Auger has successfully raised $100 million in seed funding led by Oak HC/FT. The company aims to develop an AI-powered tool that integrates with inventory management systems to provide real-time insights. Clark emphasized the urgent need to address supply chain inefficiencies that affect both businesses and consumers. Despite a competitive landscape, Clark believes Auger will offer unique solutions to the challenges faced in supply chain management.