Amazing day for $TKX, up 18% so far today on record-breaking volume.
The need for a reliable, fast, and error-free supply chain has never been higher. Raw materials and essential parts are harder to access now than ever before, so companies are looking for ways to minimize errors while creating the most efficient production process. That's where TrackX comes in. They provide real-time asset data via IoT, mobile and RFID and provides the reporting, analytics/collaboration tools that their customers need to transform to a Networked Supply Chain. This helps in a few ways.
- Builds customer loyalty. Companies can choose to share manufacturing points with the customer (increases transparency and trust)
- Simpler reporting/compliance from automated data collection (from beginning to end) helping eliminate the labour needed for searching for specific information.
- By using TrackX, companies quickly get the data and analytics they need to react and minimize any adverse event. TrackX’s tracking and tracing solutions are real-time and can help reduce/eliminate significant supply chain disruptions.
Overall, TrackX is helping build the future of supply chains. They have an impressive list of clients, including GE, Polaris, Penske, Geico, Carvana, etc. IMO, they're ready for growth now. The recent addition of a new CFO and the announcement of a new client just from this month makes me excited for the future. It's still pretty undervalued at $13M.