FedEx partners with FourKites to address supply chain challenges
FedEx Corp. and the company FourKites, which specializes in supply chain visibility, formed a new partnership that will give companies new, more powerful real-time accessibility capabilities that help them address their most pressing supply chain challenges, improve efficiency, and seize new market opportunities.
Through this partnership, FourKites will create an entirely new end-to-end supply chain intelligence platform called FourKites X by combining its machine learning and artificial intelligence abilities with advanced analytics from the FedEx network, which connects more than 220 countries and territories and much more than 99 percent of the global GDP through more than 16.5 million consignments everyday.
“This is an exciting collaboration between two industry leaders and innovators coming together to unlock new opportunities for our customers. 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,”Sriram Krishnasamy, CEO, FedEx Dataworks.
A wide range of transportation, e-commerce, and business services are available by FedEx Corp. (NYSE: FDX) to clients and companies around the world. With $92 billion in annual revenue, the business provides inclusive management services through operating companies that collaborate, compete against one another, and innovate digitally under the trusted FedEx brand.
The industry-leading console for supply chain management, FourKites®, extends visibility past transportation to include yards, warehouses, stores, and other locations. To assist businesses in digitizing their full supply chains, FourKites merges real-time data with potent machine learning.