Direct Communication Solutions, Inc. (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU0), a leading provider of information technology and managed solutions for the Internet of Things (IoT) market, has announced a strategic licensing and reseller agreement with System Loco Ltd. This collaboration aims to extend System Loco's advanced IoT supply chain visibility and intelligence technology solutions to the North American market.
Importance of Supply Chain Visibility
- Automation-driven visibility is paramount in supply chain management, with the global supply chain market projected to reach $45.2 billion by 2027, boasting a Compound Annual Growth Rate (CAGR) of 11%-12%.
- Effective supply chain management is deemed a competitive advantage by 57% of companies, as it fuels business development.
- Inadequate supply chain visibility leads to significant losses, with pharmaceutical and food and beverage industries reporting annual losses ranging from $95 million to $138 million and $71 million to $179 million, respectively.
Challenges and Solutions
- Cloudleaf and Sapio Research identify the top challenges in the supply chain industry, including product damage or spoilage, temperature excursions, unexpected delays, lost or misplaced inventory, and compliance issues.
- Ineffectual cold chain processes contribute significantly to the staggering one-third of globally produced food, amounting to over $35 billion annually, lost or wasted.
Partnership Benefits and Perspectives
- Chris Bursey, CEO of DCS, underscores the importance of addressing inefficiencies in the global supply chain and expresses confidence in System Loco's real-time actionable intelligence solutions.
- Souroush Honary, CEO of System Loco, highlights the strategic advantage of leveraging DCS's extensive carrier network and customer base across North America to expand System Loco's market share.
About DCS and System Loco
- DCS specializes in technology solutions that connect the Internet of Things, offering scalable cloud services and software applications for data collection and analysis.
- System Loco Ltd, a spin-out of HW Communications, designs intelligent devices and location-based services integrated with secure communications to provide real-time actionable data for supply chain management solutions.
Chris Bursey, CEO - DCS
Julie Hajduk, CEO - Purple Crown Media
Ted Wlazlowski, CRO - System Loco
This release contains forward-looking statements reflecting management’s current views of future events and operations, subject to risks and uncertainties. Factors such as the ongoing COVID-19 pandemic, dependence on third-party manufacturers, and industry competition may affect actual results. DCS undertakes no duty to update forward-looking statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.