FourKites Market Research Report

Company Overview

Basic Information

• Name: FourKites, Inc.

• Mission: To drive end-to-end supply chain orchestration with visibility as the foundation.

• Founded: 2014

• Founder: Matt Elenjickal

• Headquarters: Chicago, IL

• Number of Employees: 500+ globally

• Revenue: No information is available

• Known For: The largest supply chain visibility platform, trusted by over 1,500+ of the world’s leading brands including over 50% of the Fortune 500.

Key People

• Matt Elenjickal: Founder and Chief Executive Officer

• Priya Rajagopalan: President, Product, Technology and Operations

• Bo Tao: Chief Technology Officer

• Ron Richardson: Chief Revenue Officer

• Bill Maw: Chief Financial Officer

• Chris Brown: EVP, People

• Michelle Meller: General Counsel

Products

Real-Time Transportation Visibility

• Description: Tracks freight and proactively manages exceptions across all modes and regions.

• Key Features:

• Seamless tracking of freight.

• Proactive exception management tools.

Inbound Visibility

• Description: Provides visibility into 100% of freight, including prepaid and collect inbound.

• Key Features:

• End-to-end insights on inbound shipments with real-time data.

Order Lifecycle Visibility

• Description: Unites teams across organizations to provide real-time insights around orders and inventory.

• Key Features:

• Real-time order and inventory tracking.

• Enables fulfilling customer commitments efficiently.

YardWorks

• Description: Manages yard operations with full visibility and predictive insights.

• Key Features:

• Enhanced yard management with predictive visibility.

• Optimizes yard operations through advanced analytics.

Appointment Manager

• Description: Automates appointment scheduling with live network connectivity.

• Key Features:

• No-touch scheduling for warehouses and distribution centers.

• Live status updates and end-to-end automation.

Dynamic Ocean

• Description: End-to-end platform for international ocean shipment visibility.

• Key Features:

• Industry-first ETA solution for ocean freight.

• Real-time visibility and predictive analytics.

FourKites X

• Description: Combines machine learning with FedEx data for enhanced shipping insights.

• Key Features:

• Hyper-localized insights.

• Advanced predictive analytics.

Recent Developments

New Product Launches and Features

• 2023:

• Carrier Connect: Accelerates carrier connectivity process from weeks to minutes.

• Data Connector: Allows customers access to FourKites data within their business intelligence tools.

• Inbound Visibility Solution: Enhances end-to-end shipment- and order-level insights.

• My Workspace: Provides customizable dashboards for supply chain insights.

• Fin AI: Natural language interface to help companies surface insights and automate tasks.

• Enhancements to Appointment Manager: Automates warehouse and DC deliveries to reduce manual workflows.

Partnerships

• 2022:

• FedEx Collaboration: FedEx and FourKites collaborate to bring granular visibility across multi-modal operations.

• Mitsui & Co. Investment: $10M investment to expand FourKites’ offerings in the APAC region, exclusive reseller in Japan.

Acquisitions

• 2022: Acquisition of NIC GmbH to create the largest multi-modal carrier network in Europe.

• 2021: Acquisition of Haven, Inc. to introduce Dynamic Ocean platform.

Certifications and Awards

• ISO Certification: Achieved ISO 27001 Certification and adhered to ISO 27017 and 27018 standards.

• Gartner Recognition: Named a Leader in the 2024 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms for the fourth consecutive year.

Enhancements and New Solutions

• 2023:

• Sustainability Hub Enhancements: Additional features to track and analyze the environmental impact of logistics operations.

• Dynamic Risk Assessments and Multimodal Tracking: Integrated with FedEx for deeper insights and optimization.

Conclusion

FourKites continues to innovate in the supply chain visibility space, expanding its offerings through new products, strategic partnerships, and acquisitions, solidifying its position as a market leader. The company remains focused on providing comprehensive, real-time visibility solutions to complex global supply chains, catering to a diverse range of industries from food & beverage to pharmaceuticals.