Flexport Strengths, Domain Expertise, and Key Differentiators
Flexport is the modern freight forwarder. Companies use Flexport to move, finance and make better decisions about freight - all on one digital platform powered by a unique combination of technology, logistics infrastructure and expertise. Today, Flexport connects almost 10,000 clients and suppliers across 109 countries, including established global brands as well as emerging innovators. Flexport offers a full range of services, including ocean, air, truck and rail freight, drayage and cartage, warehousing, customs and trade advisory, financing, and insurance.
Flexport Recent Developments
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
In October 2019, Flexport has acquired Crux Systems, the advanced technology solution for tracking ocean containers. The acquisition will accelerate the automation of Flexport's shipment tracking capabilities, upgrading the track and trace data that powers 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.
Ownership: - x
Number of Employees: 2700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, 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 Revenues, $M:
|Type/Year||2020||2021||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Flexport Enterprise Applications Revenues By Functional Markets, $M:
Flexport Enterprise Applications Revenues By Verticals, $M:
Flexport Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Flexport Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Flexport Customers - Breakdown by Geo, Size, Vertical and Product
No. of Flexport Customers: 10000
No. of Flexport Enterprise Applications Customers: x
No. of Flexport Cloud Customers: x
No. of Flexport Cloud Subscribers: x
More than 10,000+ high-performing logistics teams from top organizations like Georgia Pacific, Gerber, Nomad, Bombas, aden + anais, Santa Cruz, Molecule, Sonos, Ring, Zalora, American Metalcraft, Ecosense, Klean Kanteen and others live on the Flexport's Operating System for Global Trade.
Flexport Market Opportunities, M&A and Geo Expansions
Flexport has a slight advantage in front of it's larger rivals. They are larger, bureaucratic organisations, not typically built on modern technology, and they don’t have all the data available all the time. In order to keep up with Covid 19 pandemic chaos, they will have to redesign their business.
In February 2019, Flexport has secured $1 billion in a funding round led by the SoftBank Vision Fund with participation from existing investors Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express.
Flexport will use the capital to deepen its technology and data capabilities, grow its global logistics infrastructure footprint, and invest in industry expertise to help clients navigate increasingly complex global trade environments.
Flexport Risks and Challenges
Revenue relying heavily on services. In the beginning of 2020, Flexport laid off 50 employees with the explanation the firing is due to organizational restructuring.
Flexport Ecosystem, Partners, Resellers and SI
Founded in San Francisco in 2013, Flexport has since grown to 15 offices and four warehouses around the world. In April 2020, Flexport opened a virtual office to serve UK customers and businesses engaged in global trade.
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
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).
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