Industry veteran Vivek Vaid to lead development of FourKites’ next-generation visibility platform and advance the company’s efforts in data science and machine learning
CHICAGO, June 12, 2019 /PRNewswire-PRWeb/ — FourKites®, the leader in predictive supply chain visibility, today announced the appointment of Vivek Vaid as the company’s Chief Technology Officer. In his new role, Vaid will drive the technology strategy and spearhead development of FourKites’ leading visibility and machine learning platform to help supply chains become more adaptive to real-world events and create unprecedented opportunities for collaboration between supply chain partners using data-centric approaches. Vaid succeeds co-founder Arun Chandrasekaran, who stays on as a technology advisor to the company.
“We are thrilled to welcome Vivek to our leadership team as we transition from a predictive visibility solution to the supply chain orchestration platform of choice for Fortune 5000 companies,” said Mathew Elenjickal, CEO of FourKites. “Vivek is a proven technology leader with an exceptional track record of building great organizations, working with distributed teams across countries and applying data science and machine learning to solve complex business problems. We are looking forward to his leadership as we continue to innovate and disrupt the logistics and supply chain ecosystem.”
An industry veteran, Vaid brings more than 20 years of experience leading software development and data analytics teams. Prior to FourKites, he served as Chief Data Officer for Uptake. Previously, Vaid led a global team of over 500 employees across 13 countries as Morningstar’s Head of Institution and Platform technologies. Earlier in his career, Vaid served in a variety of roles in the consulting, retail, airline and financial industries, building cutting-edge products and large-scale distributed systems.
“FourKites is 100 percent cloud-centric, powered by machine learning from the ground up, with a tremendous amount of data generated every day by the world’s largest supply chain networks,” said Vaid. “This makes it truly unique and creates tremendous opportunity for growth. I am super excited to join FourKites, and I look forward to working with our global teams, as we continue to invest in technologies that bring deep insight, unprecedented collaboration and differentiated business velocity to partners’ supply chains.”
Vaid, based in Chicago, holds a bachelor’s degree in engineering from the University of Mumbai, India, and an MBA from the University of Maryland.
FourKites is the largest predictive supply chain visibility platform, delivering real-time visibility and predictive analytics for the broadest network of Global 1000 companies and third-party logistics firms. Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance and strengthen end-customer relationships. With a network of more than four million GPS/ELD devices, FourKites covers all modes, including truckload, LTL, ocean, rail, intermodal, last mile and parcel. The platform is optimized for mobile and equipped with market-leading end-to-end security.
To learn more, visit https://www.fourkites.com.