WATERLOO, Ontario, May 21, 2019 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Pinnachem, a leading consultancy serving the pharmaceutical, fine and specialty chemicals industries in the areas of safety, compliance and market research, is using the Descartes Datamyne™ global trade data solution to produce in-depth analysis on imports of raw chemical materials that helps U.S. chemical producers better manage global supply chain operations.
“Many chemical producers do not have the in-house expertise to continually monitor and analyze international trade flows for raw materials of interest,” said G. Michael Laidlaw, Founder and President of Pinnachem. “Using Descartes Datamyne, Pinnachem can provide these companies with highly valuable trade intelligence on chemical imports to help make effective and profitable sourcing decisions. With accurate data on the sources of chemical supply, including the flow, volumes, costs and parties involved, companies have the opportunity for significant savings. In one instance, research using the Datamyne database saved a large U.S. producer over $300,000 annually.”
One of the world’s largest, searchable global trade databases, Descartes Datamyne™ aggregates accurate, up-to-date import-export information from global customs authorities and trade ministries in 50 countries across 5 continents. The solution delivers actionable intelligence for market research, sales insight, supply chain management, enhanced security and competitive strategy. Manufacturers, shippers, wholesalers, transportation and logistics service providers, management consultants, legal practitioners, industry analysts and more use the searchable and granular data within Descartes Datamyne 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 Pinnachem deliver actionable trade intelligence to the chemicals industry using Descartes Datamyne,” said Enrique Brum, VP Sales, North America at Descartes. “With access to sophisticated trade intelligence on commodities, at such a granular level of detail, manufacturing companies in many diverse industries are better positioned to control supply chain costs, manage risk and strengthen their negotiating positions with suppliers.”About Pinnachem
G. Michael Laidlaw, PhD, is the Founder and President of Virginia-based Pinnachem, a company dedicated to serving the pharmaceutical, fine and specialty chemicals industries. Pinnachem’s services cover the areas of safety, compliance (FDA, DEA, EMEA and Kosher), technology transfers, market research and employee development. Dr. Laidlaw was previously the President and Chief Operating Officer at Boehringer Ingelheim Chemicals from 2009-2010. During his tenure, the site was successfully audited by the US FDA, Japanese FDA, and EMEA from Europe as well as the Drug Enforcement Agency. In addition, during this time, the site capacity was expanded by 50% through a $150 million capital expansion; a strong safety culture was implemented resulting in the site culture now being implemented world-wide within the Boehringer Ingelheim group. Dr. Laidlaw was also associated with BASF Corporation from 1984 to 2006 and was the Site Manager for: an ethylene oxide/propylene oxide non ionic surfactant plant; a chemicals (dyes and fine chemicals) and APIs (UV absorbers including sunscreen APIs) plant; and Team Leader for Technology Transfer and start-up of a new specialty chemicals plant in Tampico, Mexico.About Descartes Systems Group
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 security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure 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
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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.
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