Descartes Releases Sourcing Risk Analysis of Critical Supply Chains in Biden Executive Order
Descartes Systems Group (NASDAQ: DSGX) announced its use of the Descartes Datamyne solution to assess sourcing risks in critical supply chains identified by the Biden Administration's Executive Order on America’s Supply Chains. This analysis focuses on industries such as semiconductors and pharmaceuticals, emphasizing the need for manufacturers to evaluate and adapt their sourcing strategies amid pandemic-induced vulnerabilities. Descartes' vulnerability report provides insights and alternative sourcing options to mitigate supply chain risks, aiding companies in navigating tariffs and ensuring compliance with governmental regulations.
- Introduced a comprehensive supply chain vulnerability analysis report for critical industries.
- Provides alternative sourcing recommendations to reduce risk in supply chains.
- Utilizes advanced trade intelligence to assist businesses in navigating tariffs and compliance.
- Increased complexity in sourcing due to changing duties and governmental focus on trading partner risks.
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.
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