Jun 27, 2018, 08:09 ET
MEMPHIS, Tenn., June 27, 2018 /PRNewswire/ -- The Seam, a leading provider of agribusiness software and trading solutions, today announced it has formed the Cotton Technology Alliance in cooperation with the American Cotton Shippers Association, National Cotton Council and International Cotton Association. The Seam alluded to the formation at the 94th Annual ACSA Convention in Austin, Texas, last month, and the organization held its first official meeting on June 26.
The current focus of the Alliance is on data standards, which will have a positive impact on all sectors of the cotton industry.
"To bring much needed efficiency throughout the global cotton supply chain, we must interoperate between our respective systems," said Mark Pryor, Chairman and CEO at The Seam. "Data standards and modern technology play a critical role, and the cotton industry stands to benefit tremendously with a collaborative focus in this area. We are thrilled about working with those who are equally as driven to move the industry forward."
The Cotton Technology Alliance will provide a neutral forum enabling industry software experts to collaborate by defining, extending and contributing to data standards; explore emerging technologies; and communicate more closely around industry and regulatory changes.
Initial member companies of the Alliance include Cargill, Dunavant, EWR Inc., Louis Dreyfus Company, Mallory Group, PCCA, The Seam, Staplcotn, Three Rivers Cotton Systems, USDA AMS Cotton and Tobacco Program, and Wakefield Inspection Services.
The Alliance formation coincides with The Seam's recent website overhaul, which features information on the company's products ranging from custom software for agriculture and commodities trading to blockchain initiatives, as well as a newsroom where customers can stay up-to-date on the latest trends within the industry.
"Our new website reflects who we are as a company and our role in developing innovative solutions for growing agribusiness companies," said Pryor. "We are committed to moving the agriculture supply chain toward a sustainable, technology-driven future, and the root of that can be found within the transformation of our site."
About The Seam
The Seam was founded by leading global agribusinesses and specializes in software development for commodity trading and management systems. In December 2000, it began operating the world's first online, anonymous exchange for cotton trading. Since that time, the company has leveraged its software and development expertise in agriculture to expand into other commodity segments, including peanuts, grains and dairy. The Seam is a proven leader in the fintech space, having cleared or processed more than $8 billion through its platforms, and recently launched innovative business intelligence tools for peanut producers and handlers. For more information, visit www.theseam.com.
Contact: Beth Wilson
SOURCE The Seam
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