René Descartes

Descartes Acquires ASD

Retrieved on: 
Montag, April 22, 2024
GLN, René Descartes, ASD, Descartes Systems Group, RFID, Commerce, Hand, TSX, Kowloon Tong, DSG, Atmosphere, Warehouse

WATERLOO, Ontario and ATLANTA, April 22, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aerospace Software Developments (“ASD”), a leading provider of customs and regulatory compliance solutions.

Key Points: 
  • “Descartes’ Global Logistics Network (“GLN”) was built to help shippers, carriers, and LSPs connect and collaborate to manage the complete lifecycle of shipments,” said Ken Wood, EVP Product Management at Descartes.
  • “ASD shares a common vision to serve the wider global logistics community of shippers, carriers and LSPs.
  • We’re excited to welcome the ASD employees, customers and partners into the Descartes family.”
    ASD is headquartered in Dublin, Ireland.
  • Descartes arranged to acquire ASD for approximately €57 million ($US 61 million), with €54 million paid at closing from cash on hand and the final arrangements for the transaction expected to occur in Descartes’ fiscal 2025 fourth quarter.

Descartes’ Study Reveals 54% of Supply Chain and Logistics Operations are Prioritizing Automation to Mitigate Workforce Shortages

Retrieved on: 
Montag, April 15, 2024
Supply, Corporate title, René Descartes, Investment, Descartes Systems Group, EVP, Commerce, TSX, Face, DSG, Workforce, Are, Organization, Growth, Management

The study shows that 54% of the supply chain and logistics leaders surveyed are focused on automating non-value-added and repetitive tasks with technology to improve worker productivity in the face of notable workforce shortages, which underscores the many functions in supply chain and logistics that are routine and non-integrated, requiring manual intervention.

Key Points: 
  • The study shows that 54% of the supply chain and logistics leaders surveyed are focused on automating non-value-added and repetitive tasks with technology to improve worker productivity in the face of notable workforce shortages, which underscores the many functions in supply chain and logistics that are routine and non-integrated, requiring manual intervention.
  • In addition to making technology investments to help combat supply chain and logistics workforce shortages, the study indicates companies are also adapting their recruitment and retention strategies and tactics.
  • For the full report, read What Are Companies Doing to Survive the Supply Chain and Logistics Workforce Challenge?
  • For more information on how acute workforce shortages are in supply chain and logistics operations and the impact of resource constraints on companies’ operations and business success, read Descartes’ report How Bad Is the Supply Chain and Logistics Workforce Challenge?

New Descartes MacroPoint™ Capabilities Help Combat Fraud in Transportation and Logistics

Retrieved on: 
Mittwoch, April 10, 2024
René Descartes, Transport, Descartes Systems Group, Commerce, Business development, TSX, Communication, DSG, ELD, Fraud, TMS, Cargo

The new capabilities are now included as part of the subscription for the Descartes MacroPoint service.

Key Points: 
  • The new capabilities are now included as part of the subscription for the Descartes MacroPoint service.
  • Descartes MacroPoint is a multimodal visibility platform designed to help freight brokers, 3PLs and shippers gain better visibility to their freight operations and shipments.
  • “Given the increasingly sophisticated tactics of bad actors combined with the sheer volume of data in transportation and logistics, it’s essential to have advanced capabilities to help monitor and minimize the impact of fraudulent activities,” said Dan Cicerchi, General Manager, Transportation Management at Descartes.
  • “This is an industry-wide issue, and our capabilities help address these challenges, making Descartes MacroPoint an even more valuable freight visibility tool by facilitating a more secure logistics ecosystem.”

Fashion Brand LOVALL Improves Fulfilment Productivity with Descartes’ Ecommerce Warehouse Management System

Retrieved on: 
Dienstag, April 2, 2024
Growth, Part, DSG, Descartes Systems Group, NetSuite, TSX, René Descartes, Commerce, Sage, E-commerce, WMS

LONDON and ATLANTA, April 02, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that U.K.-based fashion retailer LOVALL , formerly known as Love Leggings, is using Descartes’ ecommerce warehouse management system (WMS) to improve productivity by automating fulfilment and optimizing the use of existing warehouse space to hold three times as much inventory.

Key Points: 
  • LONDON and ATLANTA, April 02, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that U.K.-based fashion retailer LOVALL , formerly known as Love Leggings, is using Descartes’ ecommerce warehouse management system (WMS) to improve productivity by automating fulfilment and optimizing the use of existing warehouse space to hold three times as much inventory.
  • “Descartes has a strong track record of success in our industry with other high growth fashion brands.
  • Its ecommerce WMS gives us a reliable and trusted technology foundation that can easily keep pace with our expanding business.”
    Part of Descartes’ ecommerce solution suite, Descartes’ ecommerce WMS helps direct-to-consumer brands and ecommerce retailers drive significant efficiencies across order fulfilment processes to provide a remarkable customer experience.
  • “We’re pleased that our ecommerce WMS is playing an important role in LOVALL’s growth and success,” said Johannes Panzer, Head of Industry Solutions for Ecommerce at Descartes.

Bahr Transportation Transforms Operations with Descartes’ Transportation Management, Freight Visibility and Capacity Sourcing Solutions

Retrieved on: 
Dienstag, März 26, 2024
Communication, Transport, Risk, TMS, DSG, Descartes Systems Group, Artificial intelligence, TSX, René Descartes, Commerce, Movement, Cargo

The integrated solutions allow Bahr Transportation to cover more customer freight while providing full visibility across the supply chain to enhance shipper and carrier relationships.

Key Points: 
  • The integrated solutions allow Bahr Transportation to cover more customer freight while providing full visibility across the supply chain to enhance shipper and carrier relationships.
  • “We rely on the integrated Descartes solutions to streamline transportation workflows, help provide complete control and visibility for every load, and book loads faster with artificial intelligence (AI)-enhanced capacity matching.
  • The solution unlocks previously trapped freight capacity using advanced visualization, analytics and AI to allow freight brokers to cover more loads, build stronger carrier relationships, and reduce transportation costs.
  • “We’re pleased that our advanced freight brokerage solutions help companies with complex and time-sensitive operations, like Bahr Transportation, optimize the movement of perishable goods,” said Dan Cicerchi, VP and General Manager, Transportation Management at Descartes.

China's 01.AI Launches Top-Performing Vector Database "Descartes" for LLM

Retrieved on: 
Montag, März 11, 2024
Vector, Microsoft, Database, Algorithm, RAG, Knowledge, Meta, Tree (graph theory), Infrastructure, AI, Ultra, LLM, QPS, Hallucination, René Descartes, Conifer cone, Privacy, Multimedia, Medical device

01.AI's vector database, named "Descartes," has topped the rankings in six data set evaluations on the mainstream ANN-Benchmarks.

Key Points: 
  • 01.AI's vector database, named "Descartes," has topped the rankings in six data set evaluations on the mainstream ANN-Benchmarks.
  • In the Large Language Model (LLM) technology stack, a vector database is an important component in connecting external information with LLMs.
  • Currently, the focus of 01.AI's Descartes Vector Database is on high-performance vector databases.
  • The new vector database capabilities will be effectively applied in the company's AI productivity consumer product launching soon.

MSC Air Cargo Streamlines Shipment Management Using Descartes’ Air Messaging Solution

Retrieved on: 
Montag, März 11, 2024
Atmosphere, EDI, Intelligence, API, TSX, Mediterranean Shipping Company, DSG, Government, Commerce, Atmosphere of Earth, Safety, Application, Electronic data interchange, GHA, MSC, Movement, René Descartes, Descartes Systems Group

HONG KONG and ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that MSC Air Cargo, the cargo airline launched in 2022 by container shipper MSC Mediterranean Shipping Company (MSC), is using the Descartes Air Messaging™ solution to better manage air freight shipments.

Key Points: 
  • HONG KONG and ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that MSC Air Cargo, the cargo airline launched in 2022 by container shipper MSC Mediterranean Shipping Company (MSC), is using the Descartes Air Messaging™ solution to better manage air freight shipments.
  • The solution helps standardize electronic communication between stakeholders in the air cargo supply chain, including freight forwarders, ground handling agents (GHA) and government agencies.
  • “We’re focused on distinguishing our air cargo business through excellence in operations, unparalleled reliability and transparency with our customers,” said Anders Matikka, Vice President of MSC Air Cargo.
  • MSC already uses Descartes’ ocean messaging, security filing and global trade intelligence solutions in our container shipping operations and wanted to build on this success in air cargo.”
    Designed specifically for the air cargo industry, Descartes Air Messaging simplifies the labor-intensive process of gathering shipment information across the air cargo supply chain from stakeholders that have disparate data standards, connectivity requirements and various systems.

Ecotape Increases Exports by 30% Using Descartes’ Global Trade Intelligence Solution

Retrieved on: 
Mittwoch, Februar 21, 2024
TSX, Transport, DSG, Commerce, Consultant, Organization, René Descartes, Descartes Systems Group, Cryptocurrency

BUENOS AIRES, Argentina and ATLANTA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Ecotape, an Argentine auto parts manufacturer, increased international sales by 30% in 2023 using Descartes’ global trade intelligence solution, Descartes Datamyne™.

Key Points: 
  • BUENOS AIRES, Argentina and ATLANTA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Ecotape, an Argentine auto parts manufacturer, increased international sales by 30% in 2023 using Descartes’ global trade intelligence solution, Descartes Datamyne™.
  • The company was able to identify potential buyers based on commodity-level trading volume and value of prospective customers.
  • “We’re pleased to help Ecotape grow its international exports using the Descartes Datamyne global trade intelligence solution,” said Helen Abdu, Sales Manager, Descartes Datamyne LATAM at Descartes.
  • Our cloud-based solution greatly simplifies this effort by providing companies with searchable, current and highly granular trade data to better inform market research, sales insight and competitive strategies.”

Arctic Glacier Enhances North American Distribution Performance with Descartes Strategic Route Planning Solution

Retrieved on: 
Dienstag, Februar 6, 2024
DSG, Telematics, René Descartes, Commerce, Swings, Part, TSX, Acquisition, Descartes Systems Group

The solution’s advanced single-pass optimization technology streamlines the strategic route planning process to produce faster and better results than conventional sales and territory planning solutions.

Key Points: 
  • The solution’s advanced single-pass optimization technology streamlines the strategic route planning process to produce faster and better results than conventional sales and territory planning solutions.
  • “We’re pleased to help Arctic Glacier optimally flex its distribution network to address large demand swings and incorporate acquisitions,” said James Wee, General Manager, Routing, Mobile and Telematics at Descartes.
  • “Our advanced strategic route planning solution allows distribution companies to quickly execute network reroutes while producing superior results to legacy planning solutions.
  • Descartes’ strategic route planning solution is a powerful tool for distributors given the accelerating pace of change that distribution businesses are experiencing.”

Descartes’ Study Reveals 76% of Supply Chain and Logistics Operations are Experiencing Notable Workforce Shortages

Retrieved on: 
Dienstag, Januar 30, 2024
DSG, Growth, René Descartes, Transport, Commerce, COVID, Organization, TSX, EVP, Descartes Systems Group, Corporate title, Workforce, Supply, Management

ATLANTA, Georgia and LONDON, U.K., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study How Bad Is the Supply Chain and Logistics Workforce Challenge?, which indicates that 76% of the supply chain and logistics leaders surveyed are experiencing notable workforce shortages in their operations. What’s more, 37% of respondents would characterize the resource shortage they face as high to extreme. While the issue is affecting companies’ financial, peak season and logistics partner performance, the survey also showed it’s taking a toll on customer service performance, with 58% specifying that workforce shortages have negatively impacted service levels.

Key Points: 
  • , which indicates that 76% of the supply chain and logistics leaders surveyed are experiencing notable workforce shortages in their operations.
  • While the competition for supply chain and logistics resources is widespread, the acuteness of the workforce challenge varies by organizational function.
  • There’s evidence that business performance is interrelated—and that the impact of workforce shortages can be mitigated by business leaders understanding the full potential of their supply and logistics operations and the importance of employee retention to supply chain and logistics performance.
  • For the full report, read How Bad Is the Supply Chain and Logistics Workforce Challenge?