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FedEx, FourKites announce alliance

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Logistics Update Africa News
FedEx, FourKites announce alliance

 NYSE-listed FedEx and supply chain visibility company FourKites announced a strategic alliance that will provide businesses with robust real-time visibility capabilities to help solve supply chain challenges, become more efficient, and unlock new growth opportunities. FourKites' real-time visibility platform has integrated intelligence at every point of the supply chain, and currently supports 2.5 million shipments a day, connecting the supply chains of 50 percent of Fortune 500 companies, according to an official release.

"Through this collaboration, FourKites will be using its machine learning and artificial intelligence capabilities with data insights from the FedEx network – which reaches more than 220 countries and territories, linking more than 99 percent of the world's GDP, through more than 16.5 million shipments daily – to create a new end-to-end supply chain intelligence platform called FourKites X."


"Through this collaboration, FourKites will be using its machine learning and artificial intelligence capabilities with data insights from the FedEx network – which reaches more than 220 countries and territories, linking more than 99 percent of the world's GDP, through more than 16.5 million shipments daily – to create a new end-to-end supply chain intelligence platform called FourKites X." FourKites X will provide tools and insights to help large shippers and logistics providers mitigate the impacts of sustained challenges via a suite of offerings ranging from dynamic planning and pre-shipment, to enhanced visibility and proactive alerts, to supply chain optimisation insights, the statement added. To support this alliance and the launch of FourKites X, FedEx has made a strategic investment in FourKites.


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