The latest announcement is out from The Descartes Systems Group ( (TSE:DSG) ).
Descartes Systems Group has released a study highlighting that 39% of high-growth companies view trade compliance as a competitive advantage rather than just a regulatory requirement. The study underscores the importance of technology in trade compliance strategies, with 72% of fast-growing companies considering it a key competitive differentiator. Additionally, these companies are investing in building well-resourced compliance teams to navigate the volatile trade landscape effectively, thereby turning compliance into a growth engine and enhancing supply chain resilience.
More about The Descartes Systems Group
Descartes Systems Group is a global leader in providing on-demand, software-as-a-service solutions aimed at enhancing the productivity, security, and sustainability of logistics-intensive businesses. Their solutions help customers with routing, tracking, safety, performance, compliance of delivery resources, shipment execution, transportation invoice management, global trade data access, and customs documentation. Headquartered in Waterloo, Ontario, Canada, Descartes operates worldwide.
YTD Price Performance: -12.43%
Average Trading Volume: 282,217
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.5B
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