FourKites Reports Year of Strong Growth and Innovation

FourKites Studies Yr of Sturdy Development and Innovation



Main provide chain visibility firm FourKites introduced sturdy world development throughout 2022, as the corporate executed on its imaginative and prescient for automated, interconnected and collaborative provide chains that span transportation, warehouses, shops, vans and extra. The corporate realized 70% development in new prospects, with greater than 1,200 of the world’s most acknowledged manufacturers now utilizing FourKites to trace greater than 3M shipments all over the world day by day.

Among the many new prospects who’re utilizing FourKites to rework their provide chains are Overstock.com, QVC, Brown-Forman Company, SpaceX, Chevron Company, American Eagle Outfitters/Quiet Logistics, Bacardi, Molson Coors, Fab Match Enjoyable, Natural Valley, Boston Beer and Ahold Delhaize — additional validating Gartner’s rating of FourKites as a Chief within the 2022 Gartner® Magic Quadrant™ for Actual-time Transportation Visibility Options, and the visibility supplier of selection for purchasers with essentially the most complicated provide chain wants.

“We selected FourKites not solely due to the product, the standard and immediacy of the information, and the effectiveness of its APIs, however due to the caliber of the FourKites group,” mentioned Charles Griffith, Chief Know-how Officer, Quiet Platforms, an entirely owned subsidiary of American Eagle Outfitters. “Everybody says they’re centered on buyer success, however the FourKites group has all the time been keen to go the additional mile, to essentially perceive the issues we’re attempting to unravel in a really hands-on means. That is greater than a vendor relationship; it’s a partnership.”

In 2022, FourKites achieved:

● 46% development in complete shipments, spanning greater than 200 nations and territories

● A 70% YoY enhance within the complete variety of prospects

● 50% development in its world provider community to just about 460,000 carriers

● Vital will increase in multimodal cargo quantity, together with a 4X+ enhance in ocean shipments and 50% development in air shipments

● Monitoring shipments at 95% of the world’s ports and at 2.7M services

● 80% YoY development in ocean prospects, which now embrace Cardinal Well being, ArizonaTile, LyondellBasell, McCain Meals, Roehm, Rove Ideas and Yamaha Motors. FourKites tracks 98% of world ocean site visitors, throughout 270+ ocean lanes and 120 carriers.

● 150% development in services managed by means of Dynamic Yard and Appointment Supervisor

● In Europe, 2X development within the variety of shipments tracked throughout 120 nations and territories, and 40% new buyer development

● In APAC, over 240% development in shipments tracked throughout 46 nations, and 91% new buyer development

Business giants again FourKites’ long-term imaginative and prescient of provide chain transformation

Along with strategic investments in 2021 from {industry} heavyweights Qualcomm Ventures, LLC, Volvo Group Enterprise Capital AB and Zebra Applied sciences, over the previous 12 months, FourKites inked strategic partnerships with various {industry} titans to proceed executing on its daring imaginative and prescient for the way forward for digital provide chains. These firms embrace FedEx, Quiet Platforms, Mitsui & Co., Ltd., Sony, Microsoft and Narvar. The actual-time provide chain visibility pioneer was additionally acknowledged for its {industry} management and ongoing innovation by Gartner, SupplyChainBrain, Blue Yonder, Builtin Chicago, Manhattan Associates and Meals Shippers of America.

Distinctive buyer collaboration mannequin continues to ship industry-first improvements

Shut collaboration with prospects has been the bedrock of FourKites’ product growth because the firm’s inception. Greater than 9 out of 10 FourKites prospects are energetic contributors to the corporate’s IdeaExchange, and FourKites’ Innovation Companion program has generated greater than 200 product enhancements from greater than 70 firms, together with Andersen Company, Canfor, Cardinal Well being, Ecolab, Henkel, Kimberly-Clark, Smithfield and Sprouts Farmers Market.

New options launched in 2022 embrace:

● New detention & demurrage capabilities to assist shippers extra shortly and proactively determine potential detention and demurrage charges; prioritize exceptions in line with possible enterprise influence; and proactively regulate carriers, lanes or different components as mandatory.

– “FourKites’ automated reporting and monitoring for ocean offers extra correct and real-time knowledge, which permits Canfor to answer buyer inquiries faster with up-to-date data on our upcoming shipments that might have in any other case needed to be manually tracked.” — Bob Hayes, Vice President, International Provide Chain, Canfor

● Patented ocean cargo improvements that present worldwide shippers and their companions with full visibility into all the complicated documentation necessities at each leg of each ocean cargo.

● A Internet Zero initiative to assist firms cut back provide chain emissions, together with FourKites’ Sustainability Hub, a set of analytics instruments to supply higher visibility into useful resource consumption and waste era; a brand new Sustainability Advisory Board; and ongoing authentic analysis round sustainability.

– “To trace emissions and to judge how we’re performing — all of it depends on knowledge. And that’s a spot the place we’ve been thrilled with our partnership with FourKites, as a result of with out it, we might not have the crucial knowledge we have to function effectively.” — Karen Betancourt, Vice President of Logistics, Cardinal Well being

● A brand new unified buyer interface that integrates real-time transportation visibility and facility-specific knowledge throughout all modes.

“Prior to now 12 months, we labored intently with our neighborhood of provide chain leaders and companions to introduce worthwhile options and insights to raised handle stock, drive efficiencies in provider ecosystems, streamline worldwide shipments, enhance sustainability — and a lot extra,” mentioned FourKites founder and CEO Mathew Elenjickal. “In 2023, we stay up for serving to our prospects take the following leap ahead of their logistics operations, increasing their perception additional into their community and on the SKU stage. Collectively, we are going to construct a extra resilient and agile provide chain.

https://www.fourkites.com

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