FedEx Corp. and FourKites formed a strategic alliance and developed FourKites X, a new end-to-end supply chain intelligence platform.
“This is an exciting collaboration between two industry leaders and innovators coming together to unlock new opportunities for our customers,” says Sriram Krishnasamy, CEO, FedEx Dataworks. “If the last two years have taught us anything, it’s that companies need to work together in order 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.”
“We are excited to announce this groundbreaking platform and strategic collaboration with FedEx,” says Mathew Elenjickal, FourKites founder and CEO. “Our organizations share an unwavering commitment to customer success through strategic innovation. Together, we are working to pave the future of global supply chains, built on a foundation of data and machine learning to deliver new value to those global supply chains.”
- FourKites’ real-time visibility platform has integrated intelligence at every point of the supply chain, and currently supports 2.5 million shipments a day, connecting the supply chains of 50% of Fortune 500 companies.
- Through this collaboration, FourKites will use its machine learning and artificial intelligence capabilities with data insights from the FedEx network – which reaches more than 220 countries and territories, linking more than 99% of the world’s GDP, through more than 16.5 million shipments daily.
- FourKites X will provide tools and insights to help large shippers and logistics providers mitigate the impacts of sustained challenges via a suite of offerings ranging from dynamic planning and pre-shipment, to enhanced visibility and proactive alerts, to supply chain optimization insights.