FourKites and BuyCo Enhance Visibility for Fortune 500 Firms
Leading companies are constantly striving for enhanced visibility throughout their supply chains.
In truth, it’s something of a holy grail in the field of supply chain risk management, allowing firms to gain a comprehensive understanding of all elements within their supply chain.
The result? Beneficiaries will likely find themselves better positioned to identify potential pitfalls before they escalate and damage operations.
All of the above applies to shippers, who are equally as preoccupied with improving visibility and increasing control during the entire container shipping process.
Leading organisations in this space stand to benefit from strategic partnerships akin to the one formed by FourKites and BuyCo, who are committed to helping high-volume shippers:
- Streamline their operations
- Build a more sustainable supply chain
- Enhance the overall supply chain execution and customer experience through end-to-end digitisation
Empowering leading shippers
FourKites and BuyCo’s collaboration is aimed at providing Fortune 500 shippers with enhanced visibility spanning both inland and ocean shipments, from initial planning and booking to real-time transportation visibility, carbon emissions control and inventory management.
It’s a partnership that empowers shippers to leverage cutting-edge container visibility and management capabilities, thus positioning them as leaders in efficiency and service, while enhancing supply chain resilience amid increasingly volatile and unpredictable market conditions.
“Ocean shipping is extremely complex, with numerous stakeholders and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” comments Mathew Elenjickal, Founder and CEO at FourKites.
“Together with BuyCo, we are filling a significant gap in the industry, enabling shippers to efficiently manage all container shipping operations and gain real-time, end-to-end visibility in one integrated solution.”
FourKites offers unparalleled visibility
As a leading real-time supply chain visibility platform, FourKites has the largest network of supply chain data on the planet. It tracks around 3.2 million shipments daily, covers more than 70 billion miles annually and captures at least 150 unique data points at every geolocation update.
The result is unparalleled visibility when it comes to tracking inventory, shipments and orders.
Using market-leading machine learning and predictive intelligence, FourKites identifies hidden risks and inefficiencies across its entire network, helping businesses save money and better serve their customers.
By working alongside BuyCo, shippers are given access to an extensive global network of ocean carriers, which covers 97% of global container flows. It means they can conveniently retrieve essential shipping schedules from their preferred carriers, in addition to selecting the optimal route based on factors including CO2 emissions, cost, estimated time of arrival and allocations.
All in all, it’s a seamless booking process that empowers shippers to save time and shift focus to higher-value tasks. Carl Lauron, CEO at BuyCo, calls the partnership a “significant advancement” in providing shippers with the necessary tools to obtain full visibility.
What’s more, BuyCo provides comprehensive support for all aspects of the shipping process, including issuing shipping instructions, declaring verified gross mass, managing documents and facilitating collaboration on shipments.
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