December 03, 2016 1:53 PM ET

Internet Software and Services

Company Overview of GS1

Company Overview

GS1, a not-for-profit organization, designs and implements global standards and solutions that help in the identification and communication of information regarding products, assets, services, and locations in Belgium and internationally. Its products and solutions include GS1 Identification Keys that support the identification of items, services, locations, logistic units, and returnable containers; GS1 eCom, global standards for electronic business messaging that allow automatic electronic transmission of agreed business data between trading partners; The Global Data Synchronization Network, which is an automated standards-based environment that enables data synchronization; GS1 EPCglobal,...

Blue Tower

Avenue Louise, 326

Brussels,  1050

Belgium

Founded in 1977

Phone:

32 2 788 78 00

Fax:

32 2 788 78 99

Key Executives for GS1

Chief Executive Officer, President and Member of Management Board
Age: 56
Member of Management Board and Chief Executive Officer of GS1 Australia
Member of Management Board and Chief Executive Officer of GS1 Germany
Member of Management Board and Chief Executive Officer of GS1 Brazil
Member of Management Board and Chief Executive Officer of GS1 France
Compensation as of Fiscal Year 2016.

GS1 Key Developments

GS1 Launches Major Update to Global Data Synchronization Network

GS1 announced the successful global launch of GDSN Major Release 3, an update to the Global Data Synchronization Network™ (GDSN) standard. The launch brings a new level of speed, efficiency and information-sharing flexibility to the nearly 40,000 organizations worldwide that rely on GDSN to share trusted product data with their business partners in an automatic, and immediate way. With enhancements like richer product information sharing, industry-specific functionality and better regulatory compliance features, the release of GDSN Major Release 3 empowers organizations to respond to new and emerging marketplace demands like never before. GDSN is a networked product data sharing system that is managed by the GDSN standard (www.gs1.org/gdsn). It contains over 20 million products. This standard ensures that information, like pricing or product data, exchanged among networked trading partners is accurate. Any change made to one company's database is immediately shared with the other partners. The GDSN Major Release 3 update takes this process to the next level with over 1,500 improvements, including support for new product attributes and the consistent sharing of imagery that corresponds with those products. The updates are designed to help businesses deliver an unmatched customer experience. For example, through GDSN Major Release 3, application developers will have the most up-to-date trusted data to deliver a better shopping experience; hospitals will gain flexibility to quickly respond to market needs; and improved data sharing will enable retailers and brand owners to track products globally. Bowden explains that the successful launch of GDSN Major Release 3 on May 26 was the result of impressive collaboration and dynamic planning amongst all the parties impacted by the update. This includes the data pool community that supports GDSN, GS1 Member Organizations, businesses that directly manage their own GDSN-activities and many other trading partners throughout the global supply chain. With a successful launch completed, GS1 will continue to monitor, communicate and collaborate with the GDSN community to gather feedback and inform about future updates to the GDSN.

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