Skip to main content

Descartes Releases Sourcing Risk Analysis of Critical Supply Chains in Biden Executive Order

Written by Customer Service on . Posted in Public Companies.

ATLANTA, April 21, 2021 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced it has used the Descartes Datamyne™ global trade intelligence solution to assess sourcing risks for the critical supply chains identified in the Biden Administration’s February 24, 2021 Executive Order on America’s Supply Chains, including semiconductors, large capacity batteries, pharmaceuticals and strategic minerals and materials.

“The pandemic has highlighted the economic risks associated with highly concentrated supply chains and trade flow disruptions,” said Chris Jones, Executive Vice President at Descartes. “While the Biden Executive Order points to a number of critical supply chains with sourcing challenges like semiconductors and large capacity batteries, this directive is a wakeup call for all U.S. manufacturers to assess the sourcing risks inherent in their current supply chains and develop alternative sourcing strategies for greater resiliency.”

Using Descartes Datamyne trade research, Descartes’ U.S. Supply Chain Vulnerability Analysis report evaluates the flow of goods in these critical supply chains to provide greater context to assess vulnerabilities and identify sourcing alternatives. For each of the four key industries, Descartes provides a supply chain vulnerability score based on the current situation, examines existing weak points, and offers potential remedies in terms of identification of alternative sources of supply to minimize the risk of further supply disruptions.

Sourcing has become more complex with changing duties and increasing governmental focus on trading partner risks. Descartes’ global trade intelligence solution suite helps to mitigate supply chain risk by identifying alternative sources from trade across the globe, analyzing tariffs and quota that impact landed costs and vetting trading partners to help ensure they are not on government sanctioned party lists.

Click here to learn more about the U.S. Supply Chain Vulnerability Analysis report and Descartes Datamyne.

About Descartes

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

Global Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025                                 
cstrohack@descartes.com  

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ solution offering and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.