Chicago, Illinois-based supply chain visibility platform FourKites today said that it raised $100 million in series D financing, bringing its total raised to over $200.5 million. The company says that the capital will be toward product development as FourKites expands its global reach.
Supply chain challenges are myriad in the pandemic world. For retail, it’s estimated that inventory is accurate just 63% of the time, on average. But stakeholders with superior visibility into their supply lines consistently outperform the competition. Seventy-nine percent of companies with high-performing supply chains achieve revenue growth greater than the mean within their industries, according to Logistics Bureau.
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