#1 Supply Chain Visibility Platform Introduces New Solution to Reduce Carbon Footprint of Supply Chains
CHICAGO, April 22, 2020 (GLOBE NEWSWIRE) — FourKites®, the leader in predictive supply chain visibility, today announced the availability of a free Sustainability Dashboard to provide customers with visibility into the environmental impact of their supply chain operations. The new dashboard allows companies to identify specific areas within their supply chains that are contributing high levels of greenhouse gas emissions so that they can develop more effective sustainability strategies. The company also announced a new Sustainability Center of Excellence (SCoE) to accelerate product innovation and community collaboration around sustainability initiatives.
According to the U.S. Environmental Protection Agency, freight transportation is a major contributor to air pollution, accounting for more than 50 percent of nitrogen oxide emissions, over 30 percent of volatile organic compound emissions, and over 20 percent of particulate matter emissions. Projections indicate that growth in air emissions from freight will exceed growth in emissions from all other transportation activities – including passenger transportation – by 2025. More broadly, McKinsey estimates that 90 percent of companies’ impacts on the environment come from supply chains, and data from the Food and Agriculture Organization of the United Nations indicates supply chains cause 40 percent of all food waste in North America.
“The supply chain is a huge contributor to environmental pollution, waste and inefficiency, but companies now have an opportunity to change that,” said FourKites CEO Mathew Elenjickal. “Our new Sustainability Dashboard – fueled by real-time logistics data from the FourKites platform – is a powerful solution that will help our network achieve their sustainability objectives while simultaneously reducing operating costs and gaining additional business efficiencies.”
FourKites’ Sustainability Dashboard provides customers with insight into:
- Estimated greenhouse gas emissions from freight activity
- Modes of transportation – rail, ocean, truck – that are contributing the most and least to emissions, at an aggregate level and on a per-shipment basis
- How emission levels and patterns are changing over time
- Which lanes have the highest and lowest emissions
“FourKites’ new Sustainability Dashboard is an important new addition to our supply chain visibility toolkit,” said Dustin Braun, Senior Director, Logistics at Land O’Lakes, Inc., a longtime FourKites customer. “Implementing sustainable practices is one of Land O’Lakes’ top priorities. By leveraging the Sustainability Dashboard, we are able to assess and validate our sustainability efforts on an ongoing basis. Combined with other FourKites visibility tools such as Lane Connect and Network Visibility, we are gaining fantastic insight into our supply chain.”
As part of the company’s commitment to making a positive impact on this global issue, FourKites introduced a new Sustainability Center of Excellence (SCoE), that kicked off last month with the company’s virtual summit, “The Future of Supply Chain Sustainability.” The event, which saw over 1,000 attendees, featured discussions with nine supply chain leaders – including Coca-Cola North America, Henkel and the Council of Supply Chain Management Professionals – who shared their visions for how businesses can optimize operations to support their sustainability initiatives. The SCoE will offer an ongoing series of webinars, best practices content and collaboration opportunities for the logistics community, as well as opportunities for members to beta test and collaborate on future products. With over 20 members to date, SCoE participants include Alexis Bateman, Director at the MIT Center for Transportation & Logistics; Michael Torrance, Chief Sustainability Officer at BMO Financial Group; Dustin Braun, Senior Director, Logistics at Land O’Lakes; Philipp Kolb, International Supply Chain Sustainability, at Henkel; Meghan Stasz, Vice President, Packaging & Sustainability at Consumer Brands Association; and Rob Haddock, Group Director Planning & Logistics at The Coca-Cola Company.
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.