BUENOS AIRES, Argentina and ATLANTA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Descartes
Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-
intensive businesses in commerce, announced that Ecotape, an Argentine auto
parts manufacturer, increased international sales by 30% in 2023 using
Descartes' global trade intelligence solution, Descartes Datamyne(TM). The company
was able to identify potential buyers based on commodity-level trading volume
and value of prospective customers.
"We previously obtained a limited amount of trade data through customs brokers,
which was challenging given that our main buyers are in Bolivia, Paraguay,
Uruguay and Ecuador," said Alejandro Ferraro, Owner at Ecotape. "The Descartes
solution allows us to be self-sufficient in accessing and analyzing much more
comprehensive and current Argentine competitive import and export information as
well as the international market for our exports. Having a more strategic
understanding of Argentine trade flows in our industry paved the way for
innovation and greater diversification in our product offerings, which has
translated into significant new revenue streams."
One of the world's largest, searchable global trade databases, Descartes
Datamyne provides real-time access to accurate, up-to-date import and export
information from global customs authorities and trade ministries across 230
markets on five continents. Covering 84% of global trade with 500+ million
records added annually, the solution is used by manufacturers, shippers,
wholesalers, transportation and logistics service providers, management
consultants, legal practitioners, industry analysts and others to initiate
growth strategies, explore new markets, benchmark performance, monitor commodity
volumes and values, simplify trade data research, discover buyer-seller
relationships and refine sourcing strategies.
"We're pleased to help Ecotape grow its international exports using the
Descartes Datamyne global trade intelligence solution," said Helen Abdu, Sales
Manager, Descartes Datamyne LATAM at Descartes. "It can be challenging for
organizations to target the right sales prospects, and the task of identifying
viable opportunities becomes more complex when you add in multiple commodities,
countries and sales territories. Our cloud-based solution greatly simplifies
this effort by providing companies with searchable, current and highly granular
trade data to better inform market research, sales insight and competitive
strategies."
For more information, visit www.datamyne.com (http://www.datamyne.com).
About Ecotape S.A.
A second-generation family business, Ecotape currently imports rubberized
automotive parts for brakes and clutches. Based in Banfield, Lomas de Zamora,
Argentina, the company has been in business for 50 years and employs around 26
workers directly and indirectly. In 2001, Ecotape acquired a printer toner
company and began operating in this segment as well. For more information, visit
http://ecotape.com.ar/.
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 (http://www.descartes.com/), and connect with us
on LinkedIn (https://www.linkedin.com/company/descartes-systems-
group) and Twitter (https://twitter.com/descartessg).
Global Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com (mailto: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.
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