Descartes Expands Global Trade Intelligence Content and Solution Capabilities

ATLANTA, Georgia, June 21, 2022-- Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released enhancements to its Global Trade Intelligence solution suite. The enhancements help customers accelerate international business growth while maintaining compliance with increasingly complex global trade regulations, including new sanctions and export controls imposed on Russia and Belarus resulting from the conflict in Ukraine.

“Our latest Global Trade Intelligence release makes it easier for our customers to conduct compliant international business by leveraging significantly enhanced capabilities using artificial intelligence, algorithmic search, data visualization, and our expanded trade data ecosystem,” said Kenneth Wood, Executive Vice President, Product Management at Descartes.

Recent enhancements to the Descartes Global Trade Intelligence suite include:

International Trade Data

• New sanctions and export control content resulting from the Russia-Ukraine crisis, including risk management data sets not fully published by government agencies (e.g., Sanctioned Ownership Research (SOR), Military End Use (MEU) and State-Owned Entities (SOE), among others). This enhanced content reduces the effort and expertise required to effectively map risk exposure as part of ongoing compliance due diligence;
• New customs exchange rates to feed ERP-based global trade management solutions, including SAP GTS and Oracle GTM, which improves landed cost calculations; and
• New research, collection and data engineering infrastructure that speeds the addition of new trade content and delivery through XML, API and other technology interfaces.

Market Insight

• New trade content from Mexico, Argentina, Thailand and the Philippines showing commodity flows, trade lanes and port activity;
• New value-added, third-party business development information to accelerate pipeline growth and the identification of new revenue opportunities; and
• New data visualization capabilities to provide ‘at a glance’ summaries of global trade trends in key international jurisdictions.

Trade Automation

• New import classification functionality to simplify and accelerate product analysis and automated classification outputs;
• Enhanced user experience simplifying data presentation to support faster, higher quality compliance decisions against licensable transactions; and
• New item management integration that centralizes and leverages functionality between and across classification, export documentation, license and trade agreement management.

Compliance & Risk Management

• Enhancements to screening and re-screening algorithms that accelerate system performance and sharpen search accuracy, which results in fewer false positive results;
• New mobile versions to enable remote risk screening from Apple and Android devices; and
• User experience enhancements that streamline access to key configuration functionality, including record management and reporting.

“Companies today need two things to effectively manage their global trade activities: access to the right market, regulatory and risk management content, as well as the ability to effectively navigate and leverage that content to make the best decisions for their business,” said Anne Van de Heetkamp, Vice President of Product Management, Global Trade Intelligence at Descartes. “Our latest release builds on our long history of innovation where we deliver proven technology solutions that help our customers achieve world-class results across their global trade activities.”

Click here for more information on Descartes’ Global Trade Intelligence suite.

About Descartes

Descartes 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

Cara Strohack

Tel: +1(800) 419-8495 ext. 202025

cstrohack@descartes.com

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.