FourKites raises $100M for supply chain visibility

– Chicago, Illinois-based supply chain visibility platform FourKites today said that it raised $100 million in series D financing, bringing its total raised to over $200.5 million.
– The company says that the capital will be toward product development as FourKites expands its global reach.
– Supply chain challenges are myriad in the pandemic world. For retail, it’s estimated that inventory is accurate just 63% of the time, on average. But stakeholders with superior visibility into their supply lines consistently outperform the competition. Seventy-nine percent of companies with high-performing supply chains achieve revenue growth greater than the mean within their industries, according to Logistics Bureau.