Truck and Track Summer 2023

Truck and Track Summer 2023 26 DESCARTES™ Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logisticsintensive businesses in commerce, released the results of its 7th Annual Global Transportation Management Benchmark Survey. The report highlights that top financial performing companies are twice as likely to have the largest percentage increase in their transportation management (TM) IT investments compared to poorer financial performing companies (see Figure 1). These same top performers (41%) are also much more likely to have no obstacles to securing TM IT investment than their poor performing counterparts (26%). “Despite a less challenging and less costly transportation market compared to the recent past, companies continue to bolster TM capabilities as 65% of respondents indicated they are increasing TM IT investment, 31% are maintaining existing investment levels and only 4% are decreasing investment,” said Chris Jones, EVP Industry and Services at Descartes. “However, top financially performing companies will take the most aggressive investment stance and the lion’s share of IT growth.” Since 2017, Descartes has conducted an annual benchmark survey of global transportation professionals to identify the strategies, tactics and technologies used by top performing organisations. Each year, the survey: ■ Explores how companies view the role of transportation management ■ Analyses how this view impacts financial performance ■ Identifies key industry trends driving the market ■ Examines how transportation value is measured ■ Uncovers which capabilities, technologies and competitive strategies/tactics are having the greatest impact on transportation operations ■ Provides an outlook on future transportation IT investment To learn more, read the full report: Descartes’ 7th Annual Global Transportation Management Benchmark Survey Results. solutions are designed to streamline and automate the complex processes associated with customs clearance, trade compliance, and supply chain management, enabling companies to efficiently manage their cross-border trade operations while ensuring compliance with local and international regulations. Descartes offers a comprehensive suite of customs and compliance software solutions that cater to various industries, including retail; manufacturing; logistics; transportation; and distribution. Our solutions are built on a modern, cloud-based platform that provides real-time visibility and connectivity to global trade partners, enabling companies to efficiently manage their end-to-end customs and compliance processes. One of the key features of Descartes’ customs and compliance solutions is their ability to automate the customs clearance process. This automation helps reduce manual errors, minimise delays in clearance, and improve overall operational efficiency, resulting in cost savings for businesses. Descartes also offers advanced trade compliance features, such as denied party screening, embargo and sanctions management, export control, and import/export license management. These features enable companies to comply with various trade regulations and restrictions imposed by local and international authorities, thereby reducing the risk of noncompliance penalties and fines. In addition, Descartes’ customs and compliance solutions provide end-to-end visibility and reporting capabilities that help companies track and monitor their customs and compliance activities in real-time. This visibility allows businesses to proactively identify and address compliance issues, manage exceptions, and optimise their supply chain operations. As a market leader, Descartes has a strong global presence, serving customers in over 160 countries and processing millions of customs declarations annually. Descartes has established partnerships with customs authorities, trade organisations, and industry associations worldwide, which enables them to stay up-to-date with the latest changes in customs regulations and provide timely updates to their software solutions. As an internet-based SaaS platform, it is accessible anytime, anywhere with an internet connection. Organisations do not need to install or manage the software, will always have access to the latest version, and remain compliant with the ever-changing HMRC systems and requirements, leaving the time to focus on the business operations. Overall, Descartes Systems’ customs and compliance software solutions are recognised for their robustness, scalability, and innovation, making them a preferred choice for businesses seeking efficient and compliant management of their international trade operations. Supporting your business growth all the way Descartes is here to help you navigate your UK imports and exports; whatever changes get thrown your way. Stay on top of the changing processes and regulations with cloud-based software solutions for every aspect of the UK customs, from declarations to customs warehousing. Benefit from our in-house customs and technical expertise by visiting us on Stand 4058 at Multimodal June 13 – 15, at the NEC Birmingham. The Descartes Customs and Regulatory Compliance team look forward to meeting you. Chris Jones Descartes’ Study Shows Top Performers are Twice as Likely to Have the Greatest Increase in Transportation Management IT Investment Figure 1