FourKites Extends its Leadership Position with a Year of Strong Growth & Innovation – IT Supply Chain
Leading supply chain visibility company FourKites today announced strong global growth during 2022, as the company executed on its vision for automated, interconnected and collaborative supply chains that span transportation, warehouses, stores, trucks and more. The company realized 70% growth in new customers, with more than 1,200 of the world’s most recognized brands now using FourKites to track more than 3M shipments around the world every day.
Among the new customers who are using FourKites to transform their supply chains are Overstock.com, QVC, Brown-Forman Corporation, SpaceX, Chevron Corporation, American Eagle Outfitters/Quiet Logistics, Bacardi, Molson Coors, Fab Fit Fun, Organic Valley, Boston Beer and Ahold Delhaize — further validating Gartner’s ranking of FourKites as a Leader in the 2022 Gartner® Magic Quadrant™ for Real-time Transportation Visibility Solutions, and the visibility provider of choice for customers with the most complex supply chain needs.¹
“We chose FourKites not only because of the product, the quality and immediacy of the data, and the effectiveness of its APIs, but because of the caliber of the FourKites team,” said Charles Griffith, Chief Technology Officer, Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters. “Everyone says they’re focused on customer success, but the FourKites team has always been willing to go the extra mile, to really understand the problems we’re trying to solve in a very hands-on way. This is more than a vendor relationship; it’s a partnership.”
In 2022, FourKites achieved:
Industry giants back FourKites’ long-term vision of supply chain transformation
In addition to strategic investments in 2021 from industry heavyweights Qualcomm Ventures, LLC, Volvo Group Venture Capital AB and Zebra Technologies, over the past year, FourKites inked strategic partnerships with a number of industry titans to continue executing on its bold vision for the future of digital supply chains. These companies include FedEx, Quiet Platforms, Mitsui & Co., Ltd., Sony, Microsoft and Narvar. The real-time supply chain visibility pioneer was also recognized for its industry leadership and ongoing innovation by Gartner, SupplyChainBrain, Blue Yonder, Built In Chicago, Manhattan Associates and Food Shippers of America.
Unique customer collaboration model continues to deliver industry-first innovations
Close collaboration with customers has been the bedrock of FourKites’ product development since the company’s inception. More than nine out of 10 FourKites customers are active contributors to the company’s IdeaExchange, and FourKites’ Innovation Partner program has generated more than 200 product enhancements from more than 70 companies, including Andersen Corporation, Canfor, Cardinal Health, Ecolab, Henkel, Kimberly-Clark, Smithfield and Sprouts Farmers Market, among others.
New solutions released in 2022 include:
“In the past year, we worked closely with our community of supply chain leaders and partners to introduce valuable solutions and insights to better manage inventory, drive efficiencies in supplier ecosystems, streamline international shipments, improve sustainability — and so much more,” said FourKites founder and CEO Mathew Elenjickal. “In 2023, we look forward to helping our customers take the next leap forward in their logistics operations, expanding their insight further into their network and at the SKU level. Together, we will build a more resilient and agile supply chain.”