AMSTERDAM, March 09, 2022 (GLOBE NEWSWIRE) -- FourKites, provider of the world’s leading real-time supply chain visibility platform, today announced its new Net Zero initiative to help the world’s leading companies achieve their organizational goals to reduce supply chain emissions. As part of this announcement, FourKites unveiled 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.
Sustainability Hub is the latest phase of FourKites’ ongoing focus to help companies scale sustainability efforts through technology and collaboration. The platform will include new tools and capabilities that enable customers to:
- Input their sustainability goals and more accurately track saved emissions
- Benchmark progress against industry averages based on organizational goals and anonymized industry data
- Drill down into additional load-level details to better pinpoint opportunities for optimization
- Track progress via a single summary dashboard
- Use analytics and scenario modeling to surface new insights for emissions reductions
Sustainability Hub builds on the company’s industry-first Sustainability Dashboards, a free solution that allows companies to identify specific areas within their supply chains that are contributing high levels of greenhouse gas emissions so that they can develop more effective sustainability strategies.
The announcement coincides with FourKites’ 2022 Global Supply Chain Sustainability Summit that is bringing together more than 4,000 supply chain executives and sustainability thought leaders from organizations including Sony, AB InBev, DHL, Future Planet, Volvo Group and others, to discuss how to drive positive environmental impact through supply chain transformation.
According to Gartner, “We cannot scale the sustainability agenda without technology. CSCOs expect the focus on digitalization to increase. Seventy-two percent stated that enterprises will continue to digitize and integrate new technologies, meaning supply chains will have to continuously adapt.”* To that end, FourKites has continued to drive innovation in the industry and facilitate discussion among key stakeholders across the industry in order to help companies meet their long-term sustainability goals.
“We started using FourKites years ago because we knew it was important to have visibility in transit,” said Paul Avampato, Head of International Logistics for Laundry and Home Care at Henkel. “Now we’re using that data to drive efficiencies in our supply chain and help achieve our sustainability goals.”
Sustainability Hub is the latest component of FourKites’ multi-faceted strategy to help customers achieve their sustainability goals. Other programs and solutions include:
- Dynamic YardSM, a new category of software that connects traditional, siloed yard management software with FourKites’ real-time supply chain data and predictive ETAs to provide insight into driver detention patterns, labor efficiency and more to reduce dwell and inform carbon reduction strategies. In the last quarter of 2021, customers who used Dynamic Yard emitted 20% fewer carbon emissions than non-Dynamic Yard users through reductions in truck idle times.
- FourKites Sustainability Center of Excellence, a thought leadership council dedicated to promoting sustainability throughout the end-to-end supply chain via actionable, data-driven strategies.
“Sustainability is a core tenet of our philosophy at FourKites, and we are hyper-focused on enabling our Fortune 1000 customers to embed sustainability throughout every level of their supply chain,” said FourKites Founder and CEO Mathew Elenjickal. “I am incredibly proud of our team for driving the sustainability agenda for the industry and helping our customers make a meaningful impact on the environment.”
*Gartner, “CSCO Response to Environmental Sustainability Trends for Supply Chain in 2022,” Sarah Watt, Laura Rainier, Heather Wheatley, Simon Bailey, Andrew Stevens, Kristin Moyer. Published 24 January 2022.
About FourKites
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching over 185 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 1,000 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
(650) 468-3263
mvyridi@bigvalley.co
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7ddb233-dbfd-4348-a8a1-1a138c40b14d
