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Descartes Systems Group Inc T.DSG

Alternate Symbol(s):  DSGX

The Descartes Systems Group Inc. is focused on logistics and supply chain management business processes. It provides on-demand, software-as-a-service (SaaS) solutions focused on improving the security and sustainability of logistics-intensive businesses. The Company allows customers to use its modular, SaaS solutions to route, track and help improve the safety, 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 other logistics processes by participating in the multimodal logistics community. Its solutions include cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, regulatory compliance, e-commerce shipping, transportation management and routing. It also provides customs declaration software for logistics services providers and shippers.


TSX:DSG - Post by User

Post by retiredcfon Sep 14, 2020 9:34am
105 Views
Post# 31551853

Globe & Mail

Globe & Mail

08:01 AM EDT, 09/14/2020 (MT Newswires) -- Descartes Systems Group (DSG.TO), a company focused on logistics-intensive businesses, said Monday that Germany's SNOCKS, a lifestyle brand offering premium sneaker socks, clothes and accessories, has doubled its ecommerce fulfillment productivity and scaled for peak promotions.

The German brand is using the Descartes Ecommerce Warehouse Management Solution (WMS) for this, according to a statement.

Felix Bauer, founder of SNOCKS. "We worked closely with Descartes to build an efficient, technology-driven ecommerce warehouse and, in just two months, the solution was live. Since then, fulfillment productivity has doubled, over 90% of all incoming orders are shipped on the same day, and the picking error rate at peak times has dropped to 0.4%-even during a record month of 39,000 shipments!"

Shares last Friday eased down near 1.0% to $70.97 apiece in a 52-week range of $38.65 - 82.40.

Price: 70.97, Change: -0.53, Percent Change: -0.74

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