E2open Parent Holdings, Inc.

But that's because of software like CargoWise that WiseTech sells, because we are a system of execution that integrate with all of the different ports and terminals and customs authorities around the world.

And through our acquisition of E2Open, we extend that even further into the manufacturing network and the large manufacturers and creators of products in the world.

So when a freight forwarder says that the ship has been delayed because of the closure of the Strait of Hormuz, a manufacturer can actually start to predict what that means for their production runs and what it means for their consumers.

And they can start to make alternate arrangements.

For example, all the restricted parties and denied parties and terrorism parties in the world, customers and freight forwarders and importers and exporters have to comply with that.

They have to comply with sanctions, with embargoes, with tariffs that change daily in some cases, tariff refunds that suddenly get put in place, modern slavery regulation, child labour regulation, endangered species regulation.

The amount of compliance and regulation in this industry is so high, and rightly so, but it's impossible for individuals to be able to comply with all of that without the assistance of a really deep, integrated product like CargoEyes or like the E2Open product.

And of course, freedom as well plays a really important role there.

Obviously, Blue Yonder is probably going to have that, but Blue Yonder is, uh, majorly penetrated in the retail segments.

Uh, E2open is another platform which is very well penetrated into manufacturing space.

They might have something, but here we are talking about real power, um, is the point I'm trying to make.

Mm-hmm.