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Tracking 2.8 million+ shipments daily and touching 50% of the Fortune 500, market pioneer achieves record growth and sets unprecedented pace of community-driven innovation
CHICAGO — December 14, 2021 — FourKites®, the world’s leading real-time supply chain visibility platform, today announced a year of record growth as the company executed on its vision to build automated, interconnected and collaborative global supply chains that span transportation, warehouses, stores, trucks and more. In 2021, the company saw triple-digit growth in total shipments; drove 50% growth in new customers – including Barilla Group, Beyond Meat, Cardinal Health, Haworth, LyondellBassell, McCain Foods, Roehm, Rove Concepts and Yamaha Motors; significantly expanded its carrier network; and extended real-time visibility to more than 2,800 ports and 2.5 million facilities worldwide.
More specifically, in 2021 FourKites saw:
Amid another year of constant supply chain disruption, FourKites doubled-down on its customer-driven innovation model, with more than 65 new features resulting from customer feedback. These industry-first capabilities help FourKites users track shipments end-to-end across all modes and geographies, from sourcing to manufacturing to final destination.
In 2021, FourKites forged new strategic partnerships with global supply chain and technology leaders as it continues to execute on its bold vision for the future of digital supply chains, where automated, interconnected and collaborative supply chains are optimized by real-time visibility data and machine learning.
New partnerships in 2021 include a global partnership with Zebra Technologies Corporation (NASDAQ: ZBRA), in which Zebra is now reselling FourKites’ Dynamic Yard and real-time visibility platform as part of its suite of asset visibility solutions. Additionally, Zebra’s MotionWorks Yard solution has been integrated with Dynamic Yard and Zebra locationing hardware and professional services to increase the in-yard and over-the-road capabilities of its customers. FourKites also partnered with Consumer Brands Association’s new Supply Chain Health and Performance Task Force, which includes 15 leading CPG companies that use FourKites to identify shared bottlenecks and inefficiencies. The company also announced a strategic partnership with DAT Freight & Analytics that will bring FourKites’ real-time, end-to-end supply chain visibility to DAT’s 10,000+ broker customers and 100,000+ carriers to enable them to enhance equipment utilization, increase driver productivity and run an efficient, sustainable freight network.
“It’s been another year of tremendous challenges, but also extraordinary collaboration and progress as a supply chain community,” said FourKites founder and CEO Mathew Elenjickal. “Behind each FourKites success and innovation are tenacious and passionate employees, customers and partners who continue to redefine what’s possible. I’m grateful to be part of such an awe-inspiring community.”
FourKites’ market leadership was recognized in 2021 via several prestigious industry awards and reports, including being named a Leader in the 2021 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms; #1 supply chain visibility software provider in G2’s Winter Grid® based on overall Market Presence; the sole supply chain company named an AI Trailblazer by Everest Group; one of four Transportation and Logistics companies to receive Inc.’s Best in Business Award; and recognition as a leader in CB Insights’ recent Pharmaceutical Supply Chain ESP Vendor Assessment Matrix.
I’ve engaged with the FourKites team and they have a fundamental, deep interest in the problems that we have. It’s tough to find that. Your business is dynamic, you need a partner that’s dynamic too.
With FourKites, we have all the information we need in one single reliable source, in real time. Knowing the variations of ETAs in real time allows us to better manage our inventories – even reducing the percentage of safety stock of some raw materials so we can change to plan for just-in-time production. This connection that exists between planning and reliable transit times allows us to be prepared for any change in volume, either up or down, and – above all – to attend to the urgency that we may have in production changes.
The collaboration that we’ve talked about in logistics for 20 years is now real. The more you can collaborate and integrate with your carriers, the more effective you’ll be delivering to your customers’ expectations, which is, in the end, what it’s all about. FourKites is more than just track-and-trace; it’s about the visibility and how we’re going to use it to start to drive efficiencies.
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.8 million+ shipments daily across road, rail, ocean, air, parcel and courier, and reaching 200+ countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 750 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.