Direct Communication signs licensing and reseller deal with System Loco
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Direct Communication Solutions has announced it has entered into a licensing and reseller agreement with System Loco. The collaboration will further expand System Loco’s advanced Internet of Things (IoT) supply chain visibility and intelligence technology solutions to the North American market.
In the realm of supply chain management, visibility through automation is important. According to estimates by GlobalNewswire, the global supply chain market is projected to reach US$45.2 billion, with a compound annual growth rate (CAGR) of 11% to 12% by 2027. Notably, 57% of companies view effective supply chain management as a competitive advantage that propels business development, as reported by GEODIS.
The consequences of inadequate supply chain visibility are substantial. Pharmaceutical companies lose between $95 million and $138 million annually due to this issue. Similarly, food and beverage companies report average losses ranging from $71 million to $179 million per year. The top five challenges faced by the industry, identified by Cloudleaf and Sapio Research, include product damage or spoilage, temperature excursions, unexpected delays, lost or misplaced inventory and compliance issues.
A third of globally produced food, amounting to over $35 billion annually, is lost or wasted. Ineffectual cold chain processes and management contribute significantly to these losses, according to Cargodata.com
Chris Bursey, a CEO of DCS, said, “With the massive amount of inefficiency and losses throughout the global supply chain, partnering with System Loco was an easy decision.” Bursey highlighted System Loco’s solutions, which provide real-time actionable intelligence on assets and cargo in movement, whether on the ground or in the air.
According to Souroush Honary, CEO of System Loco, this partnership with DCS positions System Loco to use DCS’s extensive carrier network, solution providers and small to medium-sized business (SMB) to enterprise customers across North America.
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