{"id":726687,"date":"2023-01-30T06:48:11","date_gmt":"2023-01-30T11:48:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\/"},"modified":"2023-01-30T06:48:11","modified_gmt":"2023-01-30T11:48:11","slug":"descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\/","title":{"rendered":"Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment"},"content":{"rendered":"<div class=\"mw_release\">\n<p>ATLANTA and LONDON, Jan.  30, 2023  (GLOBE NEWSWIRE) &#8212; Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DtbqR7ey03dKQF37-eSyhGDcWabq9FIxjDcHfu8JDTqP26hE3EFlNFoutKIWw2i9P5ayQE9JCCH4q9xlSToGF2ibVQxNt8_wxqeV2oL0Fb4bxd5wBNHUskoj6ef9KANj7jewXgGBrdXdhkgUF3mqELw7E4LKwAlhVkTvXTIjCXks2_53RaFwheemDYnqtGuRbo72YuPcsuBASAW-MdMf8o7_qvp7IdHmxG641TxMNMPF0iyLh0TGP-G-EpNky32XJgW_YR6qN369gl9ohOXgzw==\" rel=\"nofollow noopener\" target=\"_blank\"><em>Supply Chain and Logistics Innovation Accelerates, but Has Long Way to Go<\/em><\/a>, which examined how technology innovation is changing supply chain and logistics operations and executives\u2019 plans for continued investment. The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. Moreover, 65% plan to increase their technology spending over the next two years; however, 87% indicated they still face internal inhibitors to supply chain and logistics innovation.<\/p>\n<p>The study of 1,000 supply chain and logistics decision-makers across nine European countries, Canada and the United States provides supply chain and logistics organizations with critical insights into the importance of innovation and differences in the strategies, tactics and technology decisions of top financial performers and those companies whose senior management thought innovation was very important.\u00a0<\/p>\n<p>\u201cThe recent past has highlighted that supply chain performance can make or break companies and the need to innovate supply chain and logistics operations has moved to the forefront of many C-suite agendas,\u201d said Chris Jones, EVP, Industry and Services at Descartes. \u201cThe study shows that, while efforts in supply chain and logistics innovation are accelerating, many companies are relatively early in their innovation journey in areas such as digitization and especially in the use of advanced computing technologies such as machine learning.\u201d<\/p>\n<p>The study analyzes the connection between innovation and business success, the drivers of supply chain and logistics innovation, the expected benefits of innovation to companies, and the obstacles inhibiting the pace of innovation and innovation investment. The study also examines where supply chain and logistics innovation is considered to be the strongest and the weakest, the degree to which key supply chain and logistics innovative technologies are deployed and innovation focus areas today and in the future. Lastly, it provides insight into how the importance of supply chain and logistics innovation changes on a geodemographic basis. To learn more, read the report <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DtbqR7ey03dKQF37-eSyhGDcWabq9FIxjDcHfu8JDTqP26hE3EFlNFoutKIWw2i9P5ayQE9JCCH4q9xlSToGF2ibVQxNt8_wxqeV2oL0Fb4PZ2eUu7vb6bwdiXmtOvK6rbiTJA_9Ey6xv3sIaAqNfO8uKR-vv9E8qnKa3wB2DetTi31UN57KKg-YmDpaxHyb2nScuwO6fmE_XYyzGlgKxLYPe-Kaaqk9QGjYRvN5NfxHJENnqe8HJ5RkwO0K8tFLxau8K0MsItHo4v-uvsiBHA==\" rel=\"nofollow noopener\" target=\"_blank\"><em>Supply Chain and Logistics Innovation Accelerates, but Has Long Way to Go<\/em><\/a><em>.<\/em><\/p>\n<p>\n        <strong>About Descartes<\/strong>\n      <\/p>\n<p>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&#8217;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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xyBkNq-eHhc0svltIBGSpKVGDlVQuBNFIQQ8cFymssHjIiiT-qGO_ITKXPg4r1MfvL1FSxbKl6OeNXkHT-YPUQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.descartes.com<\/u><\/a>, and connect with us on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NkgvxhYOcQfrG7emFB0C5H-SpGlHpqzHNF9zoNy5xm6sVwHTz7WlX_RQL5PCwdTjOT-e2D7dPTJoj9bPHAUgsR_nrBPRDDAEN6M9JqEdfxvc8OImIUpc8fWLAVrQAgus\" rel=\"nofollow noopener\" target=\"_blank\"><u>LinkedIn<\/u><\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NG6yGKPwPuR0c0E78wlYISj67tHuzVndoIBLXr_dfUpR5V-AbrUoWWLydp_C9z37gFN7DQxfA7uEL-dI5UayAQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Twitter<\/u><\/a>.<\/p>\n<p>\n        <strong>Global Media Contact <\/strong><br \/>\n        <br \/>Cara Strohack\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/>Tel: +1(800) 419-8495 ext. 202025\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KWnNRboQfW7xEkNAYvNJpFS1UWS17ARRovsYaYl0k3zA3JCdFeBA_A0z_yCx3vJMWMiurHzVe25cIf0EguH-oV9vU8P4GOV7COmrWeV93Ds=\" rel=\"nofollow noopener\" target=\"_blank\">cstrohack@descartes.com<\/a>\u00a0\u00a0<\/p>\n<p>\n        <strong>Cautionary Statement Regarding Forward-Looking Statements <\/strong>\n      <\/p>\n<p>This release contains forward-looking information within the meaning of applicable securities laws (&#8220;forward-looking statements&#8221;) that relate to Descartes\u2019 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, &#8220;Certain Factors That May Affect Future Results&#8221; in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes\u2019 most recently filed management&#8217;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&#8217;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.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczODExMyM1Mzc4NzQ1IzIwMTkxOTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWQ3ZjA2ZGItNjE0OS00NWZjLWI1YzQtMDQ1NjYxMGViNmRjLTEwMzA3NjQ=\/tiny\/The-Descartes-Systems-Group-In.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA and LONDON, Jan. 30, 2023 (GLOBE NEWSWIRE) &#8212; Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study Supply Chain and Logistics Innovation Accelerates, but Has Long Way to Go, which examined how technology innovation is changing supply chain and logistics operations and executives\u2019 plans for continued investment. The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. Moreover, 65% plan to increase their technology spending over the next two years; however, 87% indicated they still face internal inhibitors to supply chain and logistics innovation. The study of 1,000 supply chain and logistics decision-makers across nine European countries, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726687","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATLANTA and LONDON, Jan. 30, 2023 (GLOBE NEWSWIRE) &#8212; Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study Supply Chain and Logistics Innovation Accelerates, but Has Long Way to Go, which examined how technology innovation is changing supply chain and logistics operations and executives\u2019 plans for continued investment. The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. Moreover, 65% plan to increase their technology spending over the next two years; however, 87% indicated they still face internal inhibitors to supply chain and logistics innovation. The study of 1,000 supply chain and logistics decision-makers across nine European countries, &hellip; Continue reading &quot;Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-30T11:48:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczODExMyM1Mzc4NzQ1IzIwMTkxOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment\",\"datePublished\":\"2023-01-30T11:48:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/\"},\"wordCount\":752,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczODExMyM1Mzc4NzQ1IzIwMTkxOTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/descartes-study-reveals-65-of-companies-plan-to-accelerate-supply-chain-and-logistics-innovation-investment\\\/\",\"name\":\"Descartes\u2019 Study Reveals 65% of Companies Plan to Accelerate Supply Chain and Logistics Innovation Investment - 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The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. Moreover, 65% plan to increase their technology spending over the next two years; however, 87% indicated they still face internal inhibitors to supply chain and logistics innovation. 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