Givaudan implements Descartes’ screening solution to enhance compliance and operational efficiency in international trade regulations.
Quiver AI Summary
Descartes Systems Group announced that Givaudan, a leading fragrance and beauty company, is utilizing its denied party screening solution to enhance compliance with international trade regulations and reduce risks associated with denied and sanctioned party lists. Operating in over 163 locations globally, Givaudan has shifted from manual compliance checks, which were time-consuming and prone to errors, to an automated solution that screens business partners in real-time against regularly updated lists. This automation improves operational efficiency and allows Givaudan’s compliance resources to focus on strategic tasks. Descartes’ solution, part of its Global Trade Intelligence software suite, is designed to help various industries navigate complex foreign trade compliance challenges by streamlining workflows and reinforcing compliance efforts. Through this collaboration, Givaudan aims to maintain regulatory adherence and uphold its commitment to ethical business practices.
Potential Positives
- Collaboration with Givaudan highlights the effectiveness and reliability of Descartes' denied party screening solution in enhancing compliance and mitigating risk for large-scale global operations.
- Implementation of Descartes' solution allows Givaudan to automate and streamline compliance processes, freeing up resources for more strategic operations and improving overall efficiency.
- The press release underscores Descartes' leadership in providing software-as-a-service solutions for logistics-intensive businesses, reinforcing its market positioning and value proposition.
- Real-time updates and comprehensive watch list content in Descartes' solution demonstrate the company's commitment to helping clients navigate complex trade regulations and maintain operational integrity.
Potential Negatives
- Descarte’s reliance on forward-looking statements may create uncertainties for investors regarding actual future performance and could lead to significant fluctuations in the trading price of its shares if anticipated results are not met.
- The mention of risks associated with compliance and the potential for Givaudan's previous manual processes being error-prone highlights vulnerabilities in the company's past practices, which could reflect negatively on Descartes' prior offerings.
- The emphasis on Givaudan's need for compliance and risk mitigation suggests that there may have been significant challenges or failings in their previous compliance efforts before adopting Descartes’ solutions.
FAQ
What solution is Givaudan using for compliance?
Givaudan is using Descartes’ denied party screening solution to automate compliance with international trade regulations.
How does the Descartes solution benefit Givaudan?
The solution enhances Givaudan's compliance framework, improves operational efficiency, and mitigates compliance risks in global trade.
What were Givaudan's compliance challenges before using Descartes?
Prior to Descartes, Givaudan faced time-consuming, error-prone manual compliance checks based on outdated databases.
What is the main feature of Descartes’ screening solution?
The screening solution automatically updates denied and sanctioned party lists, enabling real-time screening of business partners.
How can other businesses benefit from Descartes’ solutions?
Descartes’ solutions help businesses navigate foreign trade compliance while streamlining workflows and enhancing overall compliance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DSGX Congressional Stock Trading
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- Paul Treiber from RBC Capital set a target price of $126.0 on 06/05/2025
- Raimo Lenschow from Barclays set a target price of $108.0 on 06/05/2025
Full Release
LONDON and ATLANTA, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Givaudan, a global leader in fragrance and beauty, is using Descartes’ denied party screening solution to automate compliance with international trade regulations and mitigate risk through real-time screening of its business partners against denied and sanctioned party lists. With operations in over 163 locations in 52 countries, the Descartes solution has helped Givaudan to enhance its global compliance framework, improve operational efficiency, and strengthen its commitment to ethical business practices.
“Givaudan has compliance woven into our DNA. Adhering to regulations not only safeguards our business but also reinforces our ethical commitment,” said Paola Sesana, Group Head of Tax and Trade Affairs at Givaudan. “By collaborating with Descartes and implementing its comprehensive screening solution, we’ve gained the ability to automate partner screening in real-time, reduce manual screening workloads, and proactively mitigate compliance risks in a complex and fast-evolving global trade environment.”
Before implementing the Descartes solution, Givaudan relied on manual compliance checks that were time-consuming, error-prone, and relied on static or outdated databases. This posed potential regulatory and reputational risks. With Descartes’ solution, Givaudan now automatically screens all business partners against daily changes made to denied and sanctioned party lists, which frees up valuable productive time for compliance resources to focus on strategic business operations.
Part of Descartes’ Global Trade Intelligence software suite, Descartes’ cloud-based denied and restricted party screening solution includes comprehensive watch list and regulatory content from the EU, APAC, EMEA and North America. The solution helps companies of all sizes in diverse industries, such as retail, aerospace, financial services, manufacturing, education, transportation and defense, better navigate the ever-changing, complex world of foreign trade compliance by streamlining workflows, mitigating business risk and enhancing overall compliance. With real-time updates on sanctioned entities, the solution helps organizations reduce the risk of violations and respond quickly to regulatory changes.
“Our collaboration with Givaudan demonstrates how automated compliance tools can empower global organizations to act with greater supply chain agility, transparency, and integrity,” said Shahab Wahdatehagh, VP Global Trade Intelligence EMEP/AP. “In today’s complex trade environment, our denied and restricted party screening solutions help businesses like Givaudan stay ahead of evolving regulations while maintaining operational focus and resilience.”
Learn more about Descartes’ denied party screening solutions and Global Trade Intelligence solutions.
About Givaudan
Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing. We celebrate the beauty of human experience by creating for happier, healthier lives with love for nature. Together with our customers we deliver food experiences, craft inspired fragrances and develop beauty and wellbeing solutions that make people look and feel good. In 2024, Givaudan employed over 16,900 people worldwide and achieved CHF 7.4 billion in sales with a free cash flow of 15.6%. With a heritage that stretches back over 250 years, we are committed to driving long-term, purpose-led growth by improving people’s health and happiness and increasing our positive impact on nature. This is Givaudan. Human by nature. Discover more at: www.givaudan.com .
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) 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: 226-750-8050
[email protected]
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’ global trade intelligence solution offerings 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 regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, 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.