Market News
Recent Developments
New product launches
- In September 2022, Amazon which is an multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence launched Alexa Custom Assistant to enable brands to build customized voice assistants. This can be used for package tracking and customer support queries related to orders.
- In January 2022, Pitney Bowes which is a shipping and mailing company that provides technology, logistics, and financial services launched its SendPro Mailstation, which has package weighing and tracking capabilities. This simplifies the mailing and shipping process for small businesses.
- In June 2021, FourKites which is a supply chain intelligence platform launched its real-time tracking platform for ocean shipments to provide end-to-end visibility. This provides accurate arrival times and status updates for sea freight.
Acquisition and partnerships
- In October 2022, project44 which is a provider of a end-to-end visibility platform acquired Ocean Insights to expand its capabilities in ocean freight visibility and compliance. This acquisition enhanced end-to-end supply chain tracking.
- In June 2022, FourKites which is a supply chain intelligence platform, partnered with Overhaul to combine real-time tracking and critical event management. This aims to improve supply chain visibility and risk management.
- In January 2022, Globaltranz acquired logistics tracking provider CarrierDirect Consulting to enhance its shipment tracking technology and data integration services.
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