Descartes Showcases Global Trade Intelligence Technology Innovations

Rhea-AI Summary

Descartes Systems Group (DSGX) announces technology innovations to its global trade intelligence software suite, to be showcased at their Innovation Forum in Washington, DC (Feb 11-12, 2025). The enhancements focus on helping companies manage cross-border trade more efficiently amid complex regulations and geopolitical challenges.

Key innovations include: AI-enabled screening and classification to scale compliance operations, reducing false positives and accelerating product lookups; an AI-based agent for multilingual trade intelligence queries; expanded global trade content for comprehensive risk assessments; enhanced analytics using Microsoft Power BI for unified reporting; and expanded capabilities for export controls and license management, particularly for East Asian countries.

Positive

• Implementation of AI technology to improve operational efficiency in compliance tasks
• Enhanced analytics capabilities through Microsoft Power BI integration
• Expansion of services to East Asian markets
• Development of multilingual AI-based query system

Negative

• None.

Insights

Technology and Supply Chain Analyst

Descartes' latest technological innovations represent a strategic pivot towards AI-driven solutions in the global trade intelligence market, addressing critical industry pain points while potentially widening their competitive moat. The implementation of AI for screening and classification tasks is particularly noteworthy, as it targets one of the most resource-intensive aspects of trade compliance - manual document processing and classification.

The integration of Microsoft Power BI analytics and expansion into East Asian markets demonstrates a sophisticated approach to enterprise-scale solutions. This positions Descartes to capture a larger share of the high-value enterprise market, particularly in sectors with complex compliance requirements like aerospace and defense.

The multilingual AI agent for trade queries is a significant differentiator, potentially reducing the learning curve for new users while improving data accessibility. This could accelerate customer onboarding and increase user adoption rates, particularly in international markets where language barriers have traditionally software adoption.

From a market perspective, these enhancements address three critical challenges in global trade:

• Resource optimization in compliance operations
• Complexity management in cross-border trade
• Risk mitigation in an increasingly volatile regulatory environment

The focus on AI-driven automation and expanded content offerings suggests Descartes is well-positioned to benefit from the growing demand for intelligent trade management solutions, particularly as global supply chains become more complex and regulatory requirements more stringent.

ATLANTA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to showcase numerous technology innovations to its global trade intelligence software suite at Descartes’ Innovation Forum event, which takes place in Washington, DC from February 11-12, 2025. Innovations to Descartes’ solution suite help companies in diverse industries manage the cross-border trade of merchandise, commodities and services more securely and efficiently in the face of expanding compliance requirements, geopolitical volatility, and evolving tariffs and trade barriers.

“The current environment of ever-changing and complex trade regulations is challenging to manage. Our solutions and trade data help simplify how our customers’ teams conduct business while helping them mitigate risk,” said Brian Hodgson, General Manager, Trade Intelligence at Descartes. “Our technology innovations are focused on helping companies build more agile, intelligent and resilient supply chain networks that allow them to keep pace with frequent and complex tariff and regulatory changes, secure better sources of supply, and acquire high quality competitive intelligence.”

Descartes’ global trade intelligence innovation and enhancements include:

• Artificial Intelligence (AI)-enabled screening and classification to scale compliance operations. AI-driven screening for restricted, sanctioned and denied parties quarantines low-quality false positives and identifies when additional due diligence is required. AI-driven import/export classification accelerates product lookup capabilities in combination with other features such as regulations cross-referencing and landed cost calculations. Both innovations help companies more efficiently access and manage high volume, repetitive tasks without overloading existing compliance resources or adding new staff.
• AI-based agent to speed complex global trade intelligence queries. Converse in multiple languages with an AI-based agent to answer common questions; quickly identify historical trade patterns, emerging trends, or specific data needs (e.g., commodities, companies, products); and receive text- and/or graph-based responses. This helps users define searches more precisely, ensuring they extract the most relevant global trade data and that it’s presented effectively. It makes global trade data content more accessible and actionable, while minimizing the training time required to build proficiency in developing optimal queries.
• Expanded global trade content offerings to simplify more wholistic risk assessments. Combining traditional Harmonized System (HS)-based trade data content with both optional experience-based content, such as previously classified products, and timely innovative-based content, such as legislation and/or regulations, provides companies with a broader content ecosystem to facilitate efficient and effective risk assessment associated with product, party or shipment compliance.
• Enhanced analytics to generate insights and inform strategic, evidence-based decision making. Advanced Microsoft Power BI-based analytics aggregates data from screening applications and other sources (e.g., visitor management, license management, other operational systems) to provide a single reporting view. Companies no longer need to rely on complicated integrations between applications to access sophisticated analytics that provide useful insight into their compliance activities, particularly in large enterprises.
• Expanded capabilities to manage increasing export controls and complexities around export license management. Expanded set of East Asian countries for compliance checks and license determinations, in addition to enhanced workflows and data sharing capabilities for very complex controlled goods businesses (e.g., aerospace and defense), which help companies better manage compliance with local laws, international agreements and security protocols.
  

Learn more about Descartes’ Global Trade Intelligence solutions.

Descartes’ Innovation Forum events offer a unique opportunity for Descartes customers and United by Design partners worldwide to connect with the Descartes team. These forums aim to share best practices in using Descartes’ technologies, explore ways to enhance operations with Descartes’ expanding solutions, and gather valuable feedback on product development. More information on the Global Trade Intelligence event is available here.

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, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of 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: 226-750-8050                                 
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’ global trade intelligence solution offerings 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.

FAQ

What new AI features has Descartes (DSGX) introduced in its global trade intelligence suite?

Descartes has introduced AI-enabled screening and classification for compliance operations, and an AI-based agent for multilingual trade intelligence queries that can process complex data requests and provide text and graph-based responses.

How is Descartes (DSGX) improving its analytics capabilities in 2025?

Descartes is implementing Microsoft Power BI-based analytics that aggregates data from screening applications and other sources to provide a single reporting view, eliminating the need for complicated integrations between applications.

What geographic expansion has Descartes (DSGX) announced for its export control services?

Descartes has announced expanded capabilities for export controls and license management in East Asian countries, enhancing workflows and data sharing capabilities.

When and where is Descartes (DSGX) showcasing its new trade intelligence innovations?

Descartes is showcasing its trade intelligence innovations at the Descartes' Innovation Forum event in Washington, DC from February 11-12, 2025.