REASONS TO INVEST IN VENZEE TECHNOLOGIES
1-CEO John Abrams is a supply chain expert with a proven track record.
2-The e-commerce will be $5 trillion dollar in 2021 and research confirms that 30% of all items purchased are returned to manufacturers and retailers which indicates financial losses of $1.5 trillion dollars which is extreme for manufacturers and retaillers.
3-Venzee Technology has the AI technology & solution with little competition.
During May 8, 2020 conference call Venzee CEO explained that there priority goal was to have 10,000 retailers using Venzee Technology in a short time. The sooner the better.
According to June 11, 2020 news release below there is a very important message:
In response to the backlog, the company has added additional resources and automation workflows that simplify Venzee’s internet-standard retail integration model.
In other words shareholders and investors must be aware this alone will contribute to increase revenue and cash flow exponentially, thus I am cognizant that every quarter reporting we shall reap great rewards as investors and thank Venzee’s CEO and team for great visionary they are.
Very important message in June 11 news release. Make sure you read it.
Venzee Expands Retail Integration Core
CNW Group - Thu Jun 11, 8:00AM CDT
Venzee Technologies Inc. (TSXV:VENZ.VN) ("Venzee" or the "Company") responding to a marked increase in demand for retail channel connections, today announced a set of process and technology changes that facilitate more rapid retail "plug & play" connections and enhanced workflow capabilities to satisfy manufacturer demand.
Built to leverage modern Machine Learning and AI tools, the Venzee platform operates in the critical "last mile" of supply chain - automating the flow of digital product information from brands and manufacturers to their retail partners.
The Company has previously reported a significant number of available retail channel connections. However, with global supply chain challenges accelerating in March, requests from brands for more automation of retail channel connections resulted in a channel backlog.
In response to the backlog, the Company has added additional resources and automation workflows that simplify Venzee's Internet-standard retail integration model.
According to Chad Kaczmarek, Sr. Director of Integrations at Venzee, "With the changes we have implemented - and announced today - we can more quickly respond to new retail channel requests and can reduce our existing backlog of more than 400 channels."
Beginning in July, the Company will issue metrics indicating retail channel connections and operational progress against its retail channel backlog. The Company expects to satisfy existing demand and all new retail channel requests in stages over the next six months and will reflect status in future reporting.
Said Mr. Kaczmarek, "While operating with some level of channel backlog is normal, demand for automated retail content distribution surged during the early stages of the COVID-19 pandemic and we were not prepared for that level of demand. The technology improvements we have now implemented better equip Venzee to meet existing and future demand for retail channel integration."
John Abrams, CEO of Venzee added, "Most of the content distribution solutions in the market today struggle to integrate beyond a handful of retail connections. The Venzee platform was designed to provide integration to many thousands of retailers."