Flexport Strengths, Domain Expertise, and Key Differentiators
Flexport stands as a modern freight forwarder, boasting a unique blend of technology, logistics infrastructure, and industry expertise. With almost 10,000 clients across 109 countries, Flexport's Operating System for Global Trade empowers over 10,000 high-performing logistics teams from diverse organizations. The recent supply chain revolution further underscores Flexport's strengths in providing a seamless end-to-end global trade solution.
Flexport Recent Developments
In September 2023, Flexport made headlines with the launch of a groundbreaking all-in-one global trade solution, marking a significant leap in supply chain innovation. This move positions Flexport as a pioneer, offering entrepreneurs instant access to financing, freight, fulfillment, and replenishment on a single platform. While specific revenue and profit data are undisclosed, this strategic shift is poised to impact Flexport's financial landscape positively.
In June 2021, Convoy, digital freight network, and Flexport, the platform for global logistics, announced a long-term, strategic partnership to bring end-to-end shipment automation across land, sea and air. The partnership draws on Flexport’s international client base and Convoy’s North American carrier network to provide customers with seamless logistics services while expanding business capabilities for both companies through a new shared data exchange that seamlessly integrates shipments across both platforms.
In August 2020, Flexport announced its Carbon Calculator API functionality, which was certified by the Global Logistics Emissions Council (GLEC) framework, to allow any company, whether or not they use Flexport for shipping, to assess 100% of their carbon footprint in relation to shipping.
In June 2020, Flexport announced its new platform personalization features bringing a customizable, personalized dashboard that enables unique personas to tailor the information and data needed to manage their supply chains more holistically, as opposed to focusing on transactional shipment management.
In January 2020, Flexport's impact arm Flexport.org pivoted all resources toward the pandemic in response to the massive global shortage of PPE, moving more than 280 million units of medical gear and other relief supplies over the Flexport Platform to hotspots in China, Europe, Africa, Latin America and the US by September 2020.
In October 2019, the Flexport.org Fund launched as a way for individuals to donate funds for humanitarian aid shipping, helping to mitigate supply chain expenses which take up 60-80% of the average aid agency budget.
In September 2019, Flexport launched its Platform Experience 2.0 enabling global shippers greater visibility, control, and collaboration and allowing for users to complete their shipments from start to finish in a single platform.
In March 2019, Flexport has launched OceanMatch, the first data-informed ocean freight consolidation offering that identifies available container space on compatible shipments and matches them to save Flexport shippers time and money.
Flexport Mergers and Acquisitions (M&A) Activities
Flexport's pursuit of excellence extends to acquisitions, notably with the recent acquisition of Shopify Logistics, including Deliverr, Inc., announced in May 2023. This move strengthens Flexport's technological prowess, unifying the movement of goods under a single platform. Past acquisitions, such as Crux Systems in October 2019, showcased Flexport's commitment to automating shipment tracking capabilities, enhancing its freight-forwarding services.
Flexport Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Flexport applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Flexport and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Flexport Platform customers.
Flexport Overview
760 Market Street, 8th Floor
San Francisco, CA, 94102, United States
1 415-231-5252
https://www.flexport.com/
Ownership: - x
Number of Employees: 3300
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Consumer Packaged Goods, Distribution, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Flexport Key Enterprise and Cloud Applications
Flexport Platform
Flexport Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Flexport Revenue Breakdown By Type, $M:
Flexport Enterprise Applications Revenues By Functional Markets, $M:
Flexport Enterprise Applications Revenues By Verticals, $M:
Flexport Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Flexport Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Flexport Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Flexport Customers
No. of Flexport Customers: 10000
No. of Flexport Enterprise Applications Customers: x
No. of Flexport Cloud Customers: x
No. of Flexport Cloud Subscribers: x
Flexport's clientele, nearing 10,000, includes a spectrum of organizations such as Georgia Pacific, Gerber, Sonos, and Ring. The Operating System for Global Trade serves as the preferred platform for logistics teams, connecting clients and suppliers globally.
Flexport Market Opportunities, M&A and Geo Expansions
Flexport's recent supply chain revolution opens new horizons for entrepreneurs, providing opportunities to expand horizontally and vertically. The platform's one-click access to 20+ supply chain services aligns with market demands, allowing businesses to sell in more places and streamline product movement. The acquisition of Shopify Logistics further positions Flexport to capitalize on opportunities arising from a unified technology platform.
Flexport Risks and Challenges
While Flexport maintains a slight advantage over larger rivals due to its modern technology foundation, organizational restructuring and layoffs in 2020 reveal the need for ongoing business redesign. Navigating the complexities of the Covid-19 pandemic requires continuous adaptation to mitigate potential risks.
Flexport Ecosystem, Partners, Resellers and SI
Flexport's ecosystem thrives on strategic acquisitions and partnerships, enhancing its technological capabilities. Collaborations with industry leaders and the SoftBank Vision Fund funding round in February 2019 strengthen its global influence, creating a network effect that contributes to its market leadership.
Flexport Cloud Infrastructure Insights
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- Flexport Public Cloud and Infrastructure (IaaS)
- Flexport Platform (PaaS)
- Flexport Application Delivery
- Flexport Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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