FourKites and BuyCo in container shipping data partnership

Supply chain visibility data firm FourKites and container shipping platform BuyCo have announced a strategic partnership to provide shippers with greater levels of control throughout the container shipping process.

The service will focus on helping high-volume shippers to streamline their operations and build a more sustainable supply chain, improving overall supply chain execution through end-to-end digitisation.

This will cover both inland and ocean shipments, from initial planning and booking to real-time transportation visibility, carbon emissions control and inventory management.

“Ocean shipping is extremely complex, with numerous stakeholders and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” said Mathew Elenjickal, founder and CEO of 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.”

With access to BuyCo’s network of ocean carriers, which covers 97% of global container flows, shippers can retrieve shipping schedules from their preferred carriers and then select the optimal route based on factors such as CO2 emissions, cost, estimated time of arrival (ETA) and allocations.

BuyCo provides support for all aspects of the shipping process, including issuing shipping instructions, declaring verified gross mass (VGM), managing documents and facilitating collaboration on shipments.

Simultaneously, FourKites offers visibility by tracking inventory, shipments and orders, using machine-learning and predictive intelligence to identify risks and inefficiencies across its network.

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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