FourKites and Chorus Forge Strategic Alliance to Transform Supply Chain Visibility

FourKites and Chorus have teamed up to revolutionize the way businesses manage their supply chains, merging physical and digital realms. This innovative collaboration combines Chorus’ cutting-edge sensors and AI tools that monitor goods in real-time with FourKites’ Intelligent Control Tower™, allowing companies to shift from merely tracking inventory to orchestrating it autonomously.

Many businesses struggle with outdated tracking systems that lack detailed, real-time insights at the package or SKU level. According to IHL Group, this inefficiency leads to a staggering $1.77 trillion loss each year due to inventory inaccuracies.

The Seeker™ labels from Chorus deliver precise condition and location information for individual items,forming the backbone of effective AI-driven inventory management. Their Trip Intelligence™ feature broadens the scope of inventory oversight by providing accurate ETAs and identifying delivery risks through real-time anomaly detection. By merging these advanced features with FourKites’ dynamic supply chain network,companies gain unparalleled visibility into their inventories—far surpassing conventional methods in speed,accuracy,and reliability.

This partnership introduces two new modules within FourKites’ Intelligent Control Tower aimed at tackling significant challenges:

• Precision inventory Twin™: Offers a live digital model of physical stock with detailed condition monitoring for high-value items across intricate supply chains.
• Dynamic Inventory Orchestration™: Utilizes AI for smart inventory placement that minimizes waste while optimizing working capital without sacrificing service quality.

“for years, businesses have struggled with software solutions that fail to accurately reflect reality,” noted Mathew Elenjickal, CEO of FourKites. “With our partnership with Chorus, we’re crafting a responsive digital twin of both moving and stationary inventories so our AI can not only suggest better choices but also implement them automatically.”

The focus will initially be on two critical sectors where conventional methods fall short:

• The management of essential goods in pharmaceuticals and medical devices—where mismatched asset systems lead to costly overstocking or shortages.
• The handling of consigned inventories for firms tied up in capital due to expired products or excessive buffer stocks—resulting in millions lost annually.

Budding customers can look forward to several benefits:

• A decrease in product loss through ongoing condition monitoring
• A reduction in safety stock needs while still meeting service expectations
• An enhancement in working capital efficiency
• A streamlined process for automated rebalancing and optimization
• An increase in resilience against disruptions via predictive management strategies

“The future is all about autonomous supply chains,” said Suresh Vishnubhatla from chorus. “To achieve this autonomy requires blending physical realities with digital insights along with well-informed machine learning models.” He added that combining item-level visibility from Chorus with FourKites’ automation creates an intelligent system capable of self-optimizing without human input.

This collaboration comes at a time when organizations are grappling with heightened market unpredictability. Research by McKinsey suggests digitized supply chains could cut operational costs by as much as 30% while slashing inventory levels by nearly 75%!

Select customers will gain access to these integrated modules starting Q2 2025, followed by broader availability later that year.