Descartes Global Logistics Network Council Meets In Whistler.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--Dec. 6, 2000 (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) .) Global Business Leaders Offer Perspectives For More Collaborative And Innovative Global Logistics Practices Through Descartes' DeliveryNet Technology The Descartes Systems Group Inc. (NASDAQ:DSGX)(TSE:DSG.) a leading provider of global Internet logistics solutions, announced today that the Descartes Global Logistics Network Council met this week in Whistler, British Columbia Whistler, British Columbia, is a Canadian resort town incorporated as a resort municipality, with a permanent population of approximately 9,965. Over two million people visit Whistler annually, primarily for its world-famous alpine skiing and mountain biking at Whistler-Blackcomb. for a two-day summit that focused on driving the growth of the Descartes Global Logistics Network to benefit the global logistics community. A select group of executive-level representatives from some of the world's largest and most innovative logistics organizations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. and Asia-Pacific participated in the summit. Their mandate was to improve opportunities for collaboration, build global business relationships and promote more innovative global logistics practices through networking and technology. Among the Council members and participants at this year's summit were Adroit Innovations, DigiLogistics (Vanda), Ericsson, Foster's Brewing Group, LM Solutions, Logis Club Business Division of Hansol CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) Co., Ltd, Ryder System, Inc., Sprint North Supply, Telefonica B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , Total Logistic Control, and Virtual Supply Logistics Pty Ltd. Descartes Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter Schwartz gave the opening address to launch the summit. Descartes' Art Mesher, Executive Vice President and ex-GartnerGroup Analyst; Beth Enslow, Vice President of Strategic Initiatives (also an ex-GartnerGroup Analyst); Craig Jones, Descartes' lead in the Asia-Pacific region; and Aivars Lode, Group President facilitated roundtable discussions. Topics included strategy for the growth of the Network, exchange of experiences and best practices among the participants, governance and standards issues, and key enabling technologies. "The Global Logistics Network Council is an ideal forum for ideas exchange and collaboration among members of the Network," said Bill Horrocks, Senior Vice President at Ryder. "We heard from many business leaders from around the world and from a variety of industries at the roundtable discussions. I think that every participating organization came away with a better understanding about how we can drive the growth of the Descartes Global Logistics Network to improve logistics practices within our own organizations while benefiting the global logistics community as a whole." "The Descartes Global Logistics Network touches many countries, many businesses, and many consumers around the world, all of which have a stake in its success," said Peter Schwartz, Chairman and CEO at Descartes. "Countries are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new and more efficient ways of conducting trade and managing logistics with other countries. Businesses are looking to collaborate with other businesses to share their transportation resources and reduce their overall transportation costs. Consumers are looking for businesses that offer the high and efficient level of service that they have come to expect from companies in the Internet economy. Descartes brought together the Descartes Global Logistics Network Council in Whistler this week to drive the direction and value of the Descartes Global Logistics Network to the benefit of these stakeholders." The Descartes Global Logistics Network brings together the shippers (buyers of logistics services) and carriers (sellers of logistics services) of the world into one technology-based Network. The purpose of the Network is to help shippers efficiently ship from anywhere in the world to anywhere in the world by tapping into a network of carriers, transportation and logistics service providers that touch all continents, all countries, all cities, all organizations and all homes around the world. About Descartes Descartes is a leading provider of global Internet logistics solutions that facilitate B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . Descartes' logistics network technology and network-based services enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global logistics community connected to Descartes' technological infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement. For more information about Descartes, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada. |
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