FedEx invests in FourKites

FedEx

FedEx and FourKites are collaborating to make supply chains smarter by providing businesses with new, more robust real-time capabilities to help solve their most pervasive supply chain challenges, become more efficient, and unlock new growth opportunities.

FourKites’ real-time visibility platform has integrated intelligence at every point of the supply chain, and currently supports 2.5m shipments a day, connecting the supply chains of 50% of Fortune 500 companies. Through this collaboration, FourKites will be using its machine learning and artificial intelligence capabilities with data insights from the FedEx network to create a new end-to-end supply chain intelligence platform called FourKites X.

To support this alliance and the launch of FourKites X, FedEx has made a strategic investment in FourKites.

FourKites X will provide tools and insights to help large shippers and logistics providers mitigate the impacts of sustained challenges and reduce supply chain volatility. Customers of FourKites X will be able to integrate the platform with existing systems. The FourKites X solution will include pre-built applications and an intuitive dashboard, which will allow customers to unlock things like pre-shipment weather advisories and supply chain insights.

“This is an exciting collaboration between two industry leaders and innovators coming together to unlock new opportunities for our customers,” said Sriram Krishnasamy, CEO, FedEx Dataworks. “If the last two years have taught us anything, it is that companies need to work together to work smarter and faster. Our collaboration with FourKites creates a data ecosystem that will deliver a new level of predictability and visibility to help businesses build smarter supply chains in today’s unpredictable and complex business environment.”

Source: FourKites

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