WATERLOO, Ontario - Descartes Systems Group, 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.”