ATLANTA, GEORGIA AND AMERSFOORT, THE NETHERLANDS, May 2, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive 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%).
Figure 1. Transportation Management IT Investment
“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 organizations. Each year, the survey:
- Explores how companies view the role of transportation management
- Analyzes 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.
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance 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, and connect with us on LinkedIn and Twitter.
Global Media Contact
Tel: +1(800) 419-8495 ext. 202025
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' solution offering 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.