CHICAGO, June 01, 2022 (GLOBE NEWSWIRE) — FourKites®world leader in real time supply chain visibility platformannounced today that, for the second consecutive year, the company has been named a Leader in the 2022 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms* (RTTVP). Out of 11 vendors evaluated in this report, FourKites is the only company positioned in the Leaders quadrant with the greatest completeness of vision.
Additionally, FourKites earned the highest score for Fortune 500 companies with complex needs. According to Gartner 2022® Critical capabilities for real-time transportation visibility platforms, which “provide deeper insight into vendor product and service offerings by extending magic quadrant analysis”, FourKites ranked #1 in three of the five most advanced use cases.**
FourKites, the largest global visibility solution, tracks 2.5 million shipments per day across all modes and connects the global supply chains of 50% of the Fortune 500, including customers such as Cardinal Health, Bayer, Henkel, Dow, AB InBev, Cargill, Henkel, Coca-Cola, Constellation Brands, 3M, RHI Magnesita and Eastman. Over the past 12 months, FourKites has achieved over 40% annual growth in global customers, nearly 80% growth in total shipments, and 78% growth in connected installs, with the latter now totaling more than 2.3 million individual installations worldwide.
“The new reports from Gartner are clear: real-time visibility is a must-have technology for any supply chain,” said Mathew Elenjickal, founder and CEO of FourKites. “FourKites is relentlessly focused on developing solutions that specifically target our customers’ key pain points and add real business value. We are proud to be recognized by Gartner as the industry visionary and solution of choice for large enterprises with complex needs.
What customers are saying about Gartner® Peer Insights™
FourKites’ unique customer-focused innovation model continues to produce game-changing capabilities at a rapid pace, underpinning the company’s industry-leading ability to serve the world’s largest enterprises.
“FourKites’ platform is comprehensive and mature from an ocean, rail, and truck tracking perspective, but they offer so much more when you start looking at their job site management and appointment scheduling tools. you. Their onboarding and customer success teams are professional and helpful. They are our partners in this ongoing journey. — Supply Chain Professional, Retail
“[The things we like most about FourKites are:] 1. Ease of use and reporting features that users can adapt to their needs. 2. Visibility platform that enables supply chain personnel to quickly make decisions to serve our customers. 3. The product has been so successful here in the US that we are looking to expand to our international subsidiaries and offices. — Director, Transport & Logistics
“The platform is exceptional in the amount of detailed information provided. The FourKites team was very detailed in their explanation of the system and the training they provided. The level of support from FourKites is exceptional. The ongoing support/follow up from them has been outstanding. The system continues to provide additional data to improve Ventura’s service to the customer. — Carrier Capacity and Development Manager, Manufacturing
“Our implementation of FourKites was completed in less time than expected. Overall the project was handled very well by the various teams and the FourKites team was probably the best implementation team I have worked with. worked on a project of this scope and size. — Supply Chain Professional
“FourKites has been a great company to partner with. They have a strong customer service focus and tend to move product feedback from development to production surprisingly quickly. Their core tracking platform , while sophisticated, is remarkably intuitive and they seem to have an eye on the end-user experience in everything they produce.” — Transportation Sr. Manager, Manufacturing
FourKites continues to drive unparalleled innovation
In another year of constant supply chain disruption, FourKites has doubled down on its customer-centric innovation model, welcoming nearly 80 customers to its new Innovation Partner Program. In 2021 alone, FourKites delivered over 185 new products and features, nearly 40% of which were driven by innovation partners. Some of the company’s most recent innovations include:
- Dynamic ETA® for Ocean, which provides shippers, carriers and 3PLs with the most accurate ETAs on the market – 20% to 40% more accurate than carrier-generated numbers – for ocean shipments on more than 270 lanes and 120 carriers in the world.
- Dynamic ETA® for Airwhich allows real-time visibility on 100% of air cargo, with extremely accurate predictive ETAs.
- A major update of dynamic court®, which allows for very precise and granular data down to the level of individual SKUs. Customers see up to 30% improvement in labor efficiency, 40% improvement in dock throughput, and a 40% to 80% reduction in holding costs.
- universal appointment manager deployment in Europe and APACthat helps warehouses, distribution centers, and manufacturing facilities collaborate efficiently on pick-up and receive time slots to eliminate excessive on-site downtime, reduce holding costs, and reduce emissions of carbon.
- Order Intelligence Center, that integrates order data, multimodal load information, yard shipments, inventory visibility, and other critical third-party systems to provide a new view of the complete lifecycle of every order.
- A Net Zero initiative to help the world’s largest companies achieve their organizational supply chain emissions reduction goals.
- An award of U.S. Patent No. 11,017,347 for Smart scheduled arrivalwhich provides businesses with very frequent and accurate ETAs for freight in transit, even when that truck has no technology to transmit location data.
Additionally, last year, FourKites was the only supply chain company named AI Trailblazer by Everest Group; was one of only four transportation and logistics companies to receive Inc.’s Best in Business Award; was one of Top 100 Software Vendors of 2021; and was named a Best Green Supplier by Food Logistics.
* Gartner, Magic Quadrant for Real-Time Transportation Visibility Platforms, Carly West, May 25, 2022.
** Gartner, Critical Capabilities for Real-Time Transportation Visibility Platforms, Carly West, May 24, 2022.
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FourKites® is the #1 global supply chain visibility platform, extending visibility beyond transportation to job sites, warehouses, stores and beyond. Tracking over 2.5 million daily shipments by road, rail, ocean, air, parcel and courier, and reaching over 200 countries, FourKites combines real-time data and powerful machine learning to help businesses digitize their end-to-end supply chains. More than 1,000 of the world’s most recognized brands, including 9 of the top 10 CPGs and 18 of the top 20 food and beverage companies, trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
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