Supply chain visibility platform FourKites announced that it has outpaced its annual growth targets in the European, Middle Eastern and African (EMEA) markets. The company achieved 148% growth in shipments over the last 12 months, exceeding its target projections of 100% growth.
“Over the last year, we’ve invested heavily in Europe — in our team, our partners, our products and our customers. Today’s complex supply chains require global, end-to-end visibility, and the region is vital to global trade,” says FourKites CEO and founder, Mathew Elenjickal. “We’re seeing that investment reflected by our accelerated growth metrics over the last year.”
Over the last 12 months, FourKites saw a 59% growth in the number of customers tracking loads in EMEA. Some of FourKites’ most recent customer additions in the region include Barilla Group, Beyond Meat, Cardinal Health, Haworth, LyondellBasell, McCain Foods, Roehm, Rove Concepts and Yamaha Motors.
In January 2022, FourKites acquired German supply chain provider NIC-place, a supply chain visibility software solution specifically designed for transport companies, carriers, and logistics service providers.
In addition, over the last few months, FourKites has been investing in its local teams with seasoned industry veterans to build the infrastructure needed to support its growing European network.
FourKites has also been growing its European presence with new offices. The company has opened a larger European headquarters in Amsterdam; a new office in Munich serving the pivotal German market, and an increased presence in Poland to serve the Eastern European carrier market.
“Europe is rapidly seizing the benefits of supply chain visibility,” he adds. “European businesses are finding that FourKites’ approach is a natural fit with their current needs, and that synergy is what’s creating more transparency, collaboration and resilience in global supply chains.”
The top five countries by load volume are Belgium, France, Germany, Netherlands, and Italy. FourKites registered a 55% growth in the number of carriers tracking shipments in EMEA and 2.4bn km tracked in EMEA in the last 12 months.
Over the last 12 months, the company saw a 15% growth in the number of ports tracked in EMEA. It now covers 295 ports in the region. Finally, over the last 12 months, FourKites saw a 92% growth in the number of facilities tracked in EMEA. It now covers 134,000 facilities in the region.
Source: FourKites
