FOURKITES RECORDS STRONG GROWTH, INNOVATION IN APAC

KUALA LUMPUR, Dec 20 (Bernama) -- Logistics and transportation company FourKites has recorded strong growth in 2022 in its automated, interconnected and collaborative supply chains that span transportation, warehousing, storage.

In a statement today, the company said it has extended its leadership position in the supply chain visibility market with strong growth and innovation in Asia-Pacific (APAC).

The company saw a 91 per cent in new customers growth in the region and more than 240 per cent growth in shipments tracked across 46 APAC countries.

“In 2023, we look forward to helping our APAC customers take the next leap forward in their logistics operations as they expand further. Together, we will build a more resilient and agile supply chain,” said FourKites founder and chief executive officer Mathew Elenjickal.

Its new customers include Mitsui & Co Global Logistics Ltd, Nestlé Japan, Chevron Corporation, Kraft Heinz, SpaceX and QVC.

Globally, the company has recorded nearly 50 per cent year-on-year growth as it continues to connect the supply chains of 50 per cent of the Fortune 500 companies it said.

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 its vision for the future of digital supply chains.

These companies include FedEx, Quiet Platforms, Mitsui & Co Ltd, Sony, Microsoft and Narvar.

Among the new solutions released this year include patented ocean shipment innovations that provide international shippers and their partners with complete visibility of all documentation requirements at every leg of the shipment.

Tracking more than three million shipments daily, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains.

-- BERNAMA