21:20:47 EDT Sat 31 May 2025
Enter Symbol
or Name
USA
CA



Descartes Systems Group Inc (The)
Symbol DSG
Shares Issued 85,605,969
Close 2025-03-06 C$ 145.34
Market Cap C$ 12,441,971,534
Recent Sedar Documents

Globe says Descartes, Kinaxis see challenges ahead

2025-03-07 09:08 ET - In the News

Also In the News (C-KXS) Kinaxis Inc

The Globe and Mail reports in its Friday, March 7, edition that customs brokers will be among the most impacted in the weeks to come by President Donald Trump's proposed tariffs, as they rush to update their databases to capture and declare new duties and taxes electronically, said Scott Sangster, general manager of global logistics service providers for the Descartes Systems Group. The Globe's Irene Galea writes that the Waterloo-based company produces supply chain management software. This will continue to be a challenge, as the tariff rates from the U.S. and retaliatory tariff rates from Canada could change further as the countries' leaders continue negotiating terms. If the required product information does not arrive in time for security screening, that could create delays moving items across the border, he said. "Sometimes the movement of the data is almost as important as the movement of the goods," he said. Canadian companies have been exploring logistics changes due to potential new tariffs. Kinaxis, a Toronto-based software company, has reported a doubling in the number of daily supply chain "what-if" scenarios run by customers, as noted by Mark Morgan, the company's president of commercial operations.

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