FedEx has partnered with IT giant Microsoft to create a supply chain analytics solution.
Called FedEx Surround, the solution will tap into organisations’ data to offer them greater visibility over their supply chains. It can collect data from FedEx’s Internet of Things technology and analyse them using Microsoft’s AI, machine learning and analytics tools.
Users will be able to combine visibility of shipments with knowledge of external factors such as commerce conditions, weather, mechanical delays and incorrect addresses.
The solution will also analyse past trends to identify where improvements can be made.
Frederick W. Smith, chairman and CEO, FedEx, said: “FedEx has been reimagining the supply chain since our first day of operation, and we are taking it to a new level with today’s announcement.
“Together with Microsoft, we will combine the immense power of technology with the vast scale of our infrastructure to help revolutionise commerce and create a network for what’s next for our customers.”
Satya Nadella, CEO at Microsoft, said: “Now more than ever, organizations are counting on an efficient and capable supply chain to remain competitive and open for business.
“Together with FedEx, we will apply the power of Azure, Dynamics 365 and their AI capabilities to this urgent need, building new commerce experiences that transform logistics for our mutual customers around the world.”