FourKites Extends its Leadership Position in the Supply Chain Visibility Market with Strong Growth and Innovation in APAC – Yahoo Finance

Now tracking international shipments in 46 APAC countries, with over 240% growth in annual shipments and over 90% growth in new APAC customers, the world’s leading corporations continue to select FourKites for real-time, end-to-end supply chain visibility
FourKites Extends its Leadership Position in the Supply Chain Visibility Market with Strong Growth and Innovation in APAC
CHENNAI, India, Dec. 19, 2022 (GLOBE NEWSWIRE) — Leading supply chain visibility company FourKites today announced strong global growth in 2022, as the company executed on its vision for automated, interconnected and collaborative supply chains that span transportation, warehouses, stores, trucks and more. Specifically in Asia-Pacific, the company realized 91% growth in new customers in the region, and more than 240% growth in shipments tracked across 46 APAC countries.

Among the new customers who are using FourKites to transform their supply chains are Mitsui & Co. Global Logistics, Ltd, Nestlé Japan, Chevron Corporation, Kraft Heinz, SpaceX, Molson Coors, Bacardi and QVC — further validating Gartner’s ranking of FourKites as a Leader in the 2022 Gartner® Magic Quadrant™ for Real-time Transportation Visibility Solutions, and the visibility provider of choice for customers with the most complex supply chain needs.1
Globally, FourKites recorded nearly 50% year-over-year growth, as it continues to connect the supply chains of 50% of the Fortune 500. In 2022 in the APAC region, FourKites achieved:
240% growth in total shipments
91% growth in new customers
146% growth in the number of carriers tracking loads
1.8B+ miles tracked
30% growth in the number of regional ports tracked, now totaling 282 ports
486% growth in the number of facilities tracked, now totaling 14K facilities
Live OTR tracking throughout Australia, New Zealand, India, Thailand, Taiwan, Philippines, Singapore and Malaysia, with near-term expansion into additional countries in the region

Industry giants back FourKites’ long-term vision of supply chain transformation
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 on its bold vision for the future of digital supply chains. These companies include FedEx, Quiet Platforms, Mitsui & Co., Ltd., Sony, Microsoft and Narvar. The real-time supply chain visibility pioneer was also recognized for its industry leadership and ongoing innovation by Gartner, SupplyChainBrain, Blue Yonder, Builtin Chicago, Manhattan Associates and Food Shippers of America.
FourKites is leveraging Mitsui’s $10M strategic investment to expand its offerings across the APAC region. The strategic relationship, which will initially focus on Japan, will deliver hyper-localized solutions for the APAC market, while boosting FourKites’ capabilities across sales, customer service and operations.
“We are excited to partner with FourKites to bring improved supply chain visibility and efficiency to operations in all industries and all countries throughout APAC,” said John Kenichi Kogiku, General Manager of Digital Solution Business Division at Mitsui. “FourKites and Mitsui share a culture of innovation, integrity and collaboration, and a broader vision for transforming global supply chains. We are looking forward to working with FourKites to achieve our mutual goals through digitization and automation.”
“Companies throughout APAC are making significant investments in supply chain transformation,” said FourKites founder and CEO Mathew Elenjickal. “In 2023, we look forward to helping our APAC customers take the next leap forward in their logistics operations, expanding their insight further into their network and at the SKU level. Together, we will build a more resilient and agile supply chain.”
Unique customer collaboration model continues to deliver industry-first innovations
Close collaboration with customers has been the bedrock of FourKites’ product development since the company’s inception. More than nine out of 10 FourKites customers are active contributors to the company’s IdeaExchange, and FourKites’ Innovation Partner program has generated more than 200 product enhancements from more than 70 companies, including Andersen Corporation, Canfor, Cardinal Health, Henkel, Kimberly-Clark, Smithfield and Sprouts Farmers Market, among others.
New solutions released in 2022 include:
New detention & demurrage capabilities to help shippers more quickly and proactively identify potential detention and demurrage fees; prioritize exceptions according to likely business impact; and proactively adjust carriers, lanes or other factors as necessary.
“FourKites’ automated reporting and tracking for ocean provides more accurate and real-time data, which allows Canfor to respond to customer inquiries quicker with up-to-date information on our upcoming shipments that would have otherwise had to be manually tracked.” — Bob Hayes, Vice President of Global Supply Chain at Canfor
Patented ocean shipment innovations that provide international shippers and their partners with complete visibility into all of the complex documentation requirements at every leg of every ocean shipment.
A Net Zero initiative to help companies reduce supply chain emissions, including FourKites’ Sustainability Hub, a suite of analytics tools to provide better visibility into resource consumption and waste generation; a new Sustainability Advisory Board; and ongoing original research around sustainability.
“To track emissions and to evaluate how we’re performing — it all relies on data. And that’s a place where we’ve been thrilled with our partnership with FourKites, because without it, we would not have the critical data we need to operate well.” — Karen Betancourt, Vice President of Logistics at Cardinal Health
A new unified customer interface that integrates real-time transportation visibility and facility-specific data across all modes.
“FourKites continues to excel and impress me with their ability to deliver tools that are useful and support our account in a way that is customer first. In working with them, they have been able to roll out coverage in multiple countries, manage the work, and enhance their tool along the way. I’m very impressed with their product and the agility in delivery.” — Logistics Strategy Analyst, Manufacturing

About FourKites
Leading supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 3 million shipments daily across road, rail, ocean, air, parcel and last mile, and reaching over 200 countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1,200 of the world’s most recognized brands — including 9 of the top-10 CPG 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/.
Media Contact: 
Marianna Vyridi 
Big Valley Marketing for FourKites 
+1 (650) 468-3263 
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ace1aaf-f9f8-4da4-b789-bf26126621db
1 Gartner, Critical Capabilities for Real-Time Transportation Visibility Platforms, Carly West, 24 May 2022.

No platform holds a candle to Facebook when it comes to social media; Apple's iPhone is unrivaled; Amazon revolutionized digital retail; Netflix has long been the face of streaming video; and Google's search was so ubiquitous, it became a verb. Investors have been skittish about the decelerating growth that has plagued online retailers over the past year. It's more likely that digital sales are simply taking a breather before their next leg higher.
In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers say what they get paid is no longer enough, upending the economics of a key food staple. Many of the country's supermarkets, including market leader Tesco and No. 3 Asda, have rationed sales, blaming the bout of bird flu that has ravaged flocks across Europe and the United States and, they say, led to a British shortage.
Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.
Here is how much money you and your employer can contribute to your 401(k) retirement savings plan in 2022 and 2023.
JPMorgan Chase says ongoing inflation and an outlook for sharply lower returns for investors means that retirees should toss the long-standing 4% rule. That's the rule that says retirees can safely draw down their savings by 4% per year without … Continue reading → The post JPMorgan Says You Can Safely Withdraw This Much From Your Retirement Accounts Yearly appeared first on SmartAsset Blog.
(Bloomberg) — India and Vietnam are emerging as Apple Inc.’s next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.Most Read from BloombergMusk Polls Twitter to Quit as Chief, Voters Leaning Toward YesTruth Is Reasserting Itself Over Trump’s LiesTrump Gets a 45-Day Extension to Provide Details on His Wealth to VotersHarry and Meghan Aren't Doing Themselves Any FavorsArgentina’s World C
Ripple CEO Bradley Garlinghouse's attorney has applied to withdraw as his counsel in Ripple's ongoing lawsuit against the SEC.
FRANKFURT/BERLIN (Reuters) -Germany's Uniper called on shareholders to approve a bailout and nationalisation that will cost the government more than 50 billion euros ($53 billion), warning that it will otherwise have to consider filing for insolvency. Chief Executive Klaus-Dieter Maubach said ahead of an extraordinary shareholder meeting on Monday that the disarray caused by the loss of gas supplies from Russia could lead to shareholders walking away with nothing if they did not accept the proposal to take Uniper into German public ownership. Gazprom was once its biggest supplier, but a big drop in deliveries after Russia's invasion of Ukraine forced Uniper to buy gas elsewhere at much higher prices to meet its contracts.
Here's why crude seems set to rebound, which could fuel big gains for oil stocks. Most oil market analysts believe oil prices are going much higher next year. For example, Jeff Currie, the global head of commodities for venerable investment bank Goldman Sachs, has a $110 forecast for Brent oil (the global benchmark price) in 2023.
You can recharacterize a Roth IRA as a traditional IRA and vice versa. But a new rule change limits Roth conversions.
A recent ruling by a U.S. appeals court said that Coinbase Global Inc (NASDAQ: COIN) cannot force former customers to use private arbitration to settle disputes related to a Dogecoin sweepstakes. Former Coinbase users filed the lawsuit against the firm, alleging that they were tricked into paying $100 or more to enter a contest in June 2021 to win prizes worth up to $1.2 million in Dogecoin (CRYPTO: DOGE), reports Reuters. To create an account with Coinbase, the users signed off on the exchange'
If you don't want to pay a financial pro to help you plan for retirement, consider mapping out a plan with these simple, do-it-yourself strategies.
How IRA withdrawals are taxed depends on the type of account. Tax consequences for traditional IRAs and Roth IRAs are different in significant ways.
The FTSE Nareit All Equity REIT index has slid 23% this year amid surging interest rates and economic sluggishness.
When it comes to employment, “boring” could be the new “exciting.”
Wealthy Chinese individuals are paring holdings of local securities and are increasingly looking at assets in the United States and elsewhere overseas – a trend that is set to gather pace in 2023, fund managers and industry sources said. Hit hard by losses this year, rich Chinese have become more concerned by the uncertain outlook for a domestic economy grappling with COVID disruptions as well as the geopolitical impact of Russia's invasion of Ukraine on China, they said. Underlining the bleak return prospects at home, hedge funds with Greater China strategies have lost 12.9% for the year to end-November – on track for their worst year since 2011, according to Eurekahedge data.
The self-driving trucking company plans to cut potentially at least half of its workforce next week, as it scales back efforts to build and test autonomous truck-driving systems.
Retired Americans are feeling the pressure of returning to work due to rising prices and the COVID-19 pandemic. But reentering the workforce while earning Social Security benefits could have consequences. We'll take a look at the obstacles retirement-age Americans are … Continue reading → The post Unretiring? Don't Make These 3 Social Security Mistakes appeared first on SmartAsset Blog.
The pandemic prompted a lot of job-seekers to look for remote work, but how do you know if the job you're seeking will stay remote?
It's no secret that Americans are drastically underprepared when it comes to retirement. According to the National Institute on Retirement Security, 45% of households in the U.S. have zero retirement assets. The median retirement account balance for all working-age households is just $3,000.