FourKites® reveals robust growth of supply-chain visibility solutions
Category: #health  By Saipriya Iyer  Date: 2020-09-30
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FourKites® reveals robust growth of supply-chain visibility solutions

FourKites, a predictive supply-chain platform, has recently announced the tracking of additional 170% loads for retail customers Y-o-Y. This marks the expansion of the companys suite of supply-chain visibility solutions deployed in the retail sector.

The retail customer base of the company has increased by more than 20% in the last 12 months, with a hike of 33% in carrier hauling freight. Additionally, it has tracked above 1.75 billion miles over the same period, representing a 265% Y-o-Y growth.

Amid the supply-chain disruptions caused by the COVID-19 pandemic, top retailers such as PetSmart, Walmart Canada, and Meijer, have relied upon the superior network of tracking data & proprietary ML-powered technology of FourKites to efficiently deliver essential products. In addition, retail analysts are expecting a significant increase in e-Commerce sales by 25%. Reliable sources have further added that visibility solutions can enhance business operations and better manage the supply chain disruptions.

In order to address the rising challenges in the retail sector, FourKites has introduced:

  • Purchase Order Tracking: The company had previously unveiled this multimodal order tracking on its platform, which can increase the freight’s visibility in the supply chain for those who use PO numbers for tracking the freight location.
  • Dynamic Yard: Announced in July, Dynamic Yard enables enterprises to proactively manage their facilities based on real-time in-yard and in-transit freight data & analytics. It also offers RFID tagging & yard maps to efficiently track the freight.
  • Appointment Manager: This appointment management solution based on cloud will help 3LPs, carriers, and facilities manage, create, and collaborate on pickup and receive location appointments.
  • Direct Store Delivery & Mobile App: This mobile app covers the retailers’ last mile and monitors the ETA and truck locations, including messaging to & from the drivers. Additionally, it includes a tracking algorithm to enhance the accuracy of the loads.

On 30th September, FourKites is expected to hold a webinar to share the best practices related to how retailers and other businesses can stay successful in intensely challenging environments.

Source credit:

https://www.globenewswire.com/news-release/2020/09/28/2099802/0/en/Retailer-Use-Surges-for-FourKites-Real-Time-Supply-Chain-Visibility.html



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Saipriya Iyer

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Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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