Honda Selects BuyCo and FourKites to Digitize and Drive Efficiency in its End-to-End International Shipping Operations
June 25 2024 - 6:30AM
Business Wire
Honda’s divisions of Motorcycle and Power Products Operations
has strategically selected BuyCo and leading real-time supply chain
visibility provider FourKites to streamline their container
shipping operations. With a focus on boosting efficiency and
enhancing visibility, Honda's collaboration with these
industry-leading technology providers marks a significant step
toward advancing their supply chain.
Leveraging BuyCo's extensive ocean carrier network, Honda can
now easily access shipping schedules from its carriers and select
the optimal option based on criteria, such as CO2 emissions, cost,
ETA and allocations. Booking is then sent directly from the
platform, enabling Honda to save working time for bookings.
Moreover, BuyCo empowers Honda with strong key performance
indicators to improve processes, optimize inventory and reduce
costs. By closely monitoring CO2 emissions, Honda is able to reduce
its carbon footprint, while detention and demurrage tracking and
alerts allow them to minimize costs.
In tandem, FourKites plays an instrumental role in providing
Honda with an unparalleled visibility and container tracking
solution. With direct access to major ocean carriers, real-time AIS
data, terminal insights, and dray carriers’ integration, Honda
gains reliable visibility over both land and ocean transportation,
allowing the company to closely monitor its containers, and
proactively avoid or react faster to exceptions.
“The importance of international shipment visibility continues
to increase across our customer base, especially with ongoing
disruptions such as port strikes, global conflict and
climate-related changes,” said Mathew Elenjickal, founder and CEO
of FourKites. “Our partnership with BuyCo helps customers improve
the management of ocean shipping and react quickly to drive agility
and adapt to such disruptions. We are honored to have been selected
by Honda to achieve its digitization objectives.”
Moreover, FourKites is working closely with its exclusive
partner in Japan, Mitsui Knowledge Industry Co., LTD. (“MKI”), to
deliver hyper-localized solutions for the Japanese market that meet
the high expectations and unique needs of Honda and others in the
region.
Carl Lauron, CEO at BuyCo, stated, "We are thrilled to partner
with FourKites and extend our unwavering support to Honda,
delivering an efficient supply chain solution, all while supporting
their carbon reduction goals."
By embracing cutting-edge technologies and solutions, Honda
reinforces its position as a global leader in the motorcycle and
power products industry, ensuring exceptional efficiency and
service.
About FourKites
Leading global supply chain visibility platform FourKites®
extends visibility end to end, from transportation into yards,
warehouses, stores and beyond. Tracking more than 3.2 million
shipments daily across road, rail, ocean, air, parcel and last
mile, FourKites combines real-time data and machine learning to
help companies digitize their end-to-end supply chains. More than
1,500 brands trust FourKites to create more agile, efficient and
sustainable supply chains. To learn more, visit
www.fourkites.com.
About BuyCo
BuyCo develops a digital Container Shipping TMS. Designed for
exporters and importers managing large volumes of containers, the
SaaS platform connects ocean carriers, freight forwarders and all
other shipment participants in a single place. By connecting
stakeholders, automating day-to-day shipping tasks, and increasing
visibility, BuyCo transforms container shipping to be more
efficient, transparent and profitable.
About Honda
Headquartered in Tokyo, Japan, Honda Motor Company is a
multinational conglomerate manufacturer of automobiles,
motorcycles, and power products. As one of the world’s leading
manufacturers, Honda brought in $129.5 billion in revenue last
year. Supporting and empowering people is the motivator behind
everything that Honda does.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625121980/en/
Media: Marianna Vyridi Big Valley Marketing for FourKites
mvyridi@bigvalley.co