Boxed bankruptcy could be blamed on Silicon Valley Bank's collapse, but its problems extend far beyond the bank run

• Boxed filed for Chapter 11 bankruptcy on Sunday and plans to end retail operations.
• The grocery startup kept he majority of its cash in Silicon Valley Bank, which collapsed last month.
• Lower demand for grocery delivery hurt sales long before the bank's collapse.

E-commerce grocery company Boxed filed for Chapter 11 bankruptcy on Sunday weeks after reporting it had most of its cash deposits and other liquid assets in accounts at the collapsed Silicon Valley Bank. But Boxed's struggles began long before its bank of choice went under.