With Today’s Uncertain Times, omniQ’s Supply Chain Management and AI Solutions Have Never Been More In Demand- With omniQ Corp’s (OMQS) Proprietary Services- It Could Be At The Forefront Of COVID Era Innovation And Boom Over the Next 10 Years.
The world has never been more dependent on technology and innovation than it is today as COVID-19 has truly turned our world upside down. People need to keep their day to day lives functional, and need to adapt and adjust to the circumstances of 2020. They need to work, they need to communicate, and they need infrastructure. If this pandemic hit before the internet was even invented, we would be in very deep trouble.
COVID has further spurred the demand for certain technological and innovative services. Demand for Supply chain management solutions has become robust, for one. But there is not one service that has been in more demand than Artificial Intelligence (AI). Although AI has been growing for years, it is as if the COVID pandemic gave the demand for AI an adrenaline shot, while other industries collapsed.
Supply chain management solutions and AI are not just keeping us afloat as people, but they are helping different industries and businesses survive amongst unprecedented headwinds. Whether its manufacturing, or healthcare, or security and defense, or smartphones, the world needs these two areas of innovation right now more than ever.
Supply chain management refers to the management of the flow of goods and services for a company, and can include all processes that transform raw materials into final products. Why should you care about supply chain management? Because the supply chain refers to the life blood of a business’ functions. It involves everything ranging from the streamlining of a business’ supply-side activities in order to maximize customer value and gain a competitive advantage in the marketplace. In other words, a company’s supply chain is a “system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.” Of course companies want to manage their supply chains effectively. Otherwise, they cannot perform, they cannot produce, they cannot gain a competitive edge, and most importantly, they cannot profit.
Because COVID has truly thrown all global supply chains off balance, demand for supply chain solutions appears to be at an all time high. Businesses are more competitive than ever, for one, and need to operate at lower costs. Furthermore, businesses must develop their own core competencies to distinguish themselves, and they have no choice but to adjust and innovate on the fly just to survive in 2020. Supply chain management solutions provide real-time analytical platforms for companies while they manage the flow of products and information across their supply chain network.
Because businesses need to slash expenses and innovate just to keep their heads above water, and their supply chains organized and intact, it is no wonder that the the global supply chain management market size was valued at USD 15.85 Billion in 2019 and is projected to reach USD 37.41 Billion by 2027, growing at a CAGR of 11.2% from 2020 to 2027(2).
Besides the headaches that COVID has given supply chains across all industries, the demand for supply chain management solutions is also largely driven by factors such as growing awareness among companies about how cloud computing can help supply chain management and cut costs. In fact, the cloud-based segment of supply chain management is expected to witness the highest CAGR in the supply chain management market, due to its reliability, scalability, integrated design, cost-effectiveness and immediacy over the pre-COVID supply chain management model.
Cloud computing has been a fledgling industry for years. However, it has grown in size and importance rapidly due to COVID-19.
Cloud computing has proven to be very important to worldwide supply chains, and keeping day to day operations as normal as possible during the pandemic. This sector deals with on-demand availability of computer based resources, namely the storage of big data, communication services, infrastructure, and computing power. Cloud computing was already becoming widely adopted in the decade before coronavirus. However, according to the MIT Technology Review, “the key to survival during covid-19 has been a rapid revamp of IT infrastructure in search of new business models and ways of working.(3)”
The widespread adoption of Artificial Intelligence has also greatly impacted the way businesses are being run and managed. The use of industrial automation, which AI has its fingerprints all over, is expected to contribute to its growth in demand. In fact, the AI market is already expected to nearly double over the next 1-2 years, with a CAGR of 42.2% over the next 7 years. With the way the world has changed in 2020, AI is expected to be “infused virtually to every apparatus and program” and has already proven to be the significant revolutionary element of this modern era(4).By integrating emerging digital business innovations such as mobile, machine learning, in-memory technologies, multi-enterprise visibility, and the Internet of Things (IoT), AI is expected to greatly disrupt the ways businesses are run and managed. The more AI is adopted for these services and solutions, the more businesses will want them to gain a competitive advantage and improve their efficiency. AI has been one of the biggest stories of innovation over the 2010s, and its continuous growth and widespread adoption will revolutionize the world in the 2020s.
Sure- every tech giant of today whether it’s Amazon, Google, Apple, Microsoft, Facebook, IBM, Tesla-is investing significant time, money, and resources, to improve their efficiency and develop their AI capabilities. But while these companies are big tech conglomerates that may have size and money, they don’t have the same focus, knowledge, or proprietary solutions that a small company in Utah has when it comes to supply chain solutions and AI innovation. That small company is omniQ Corp (OMQS).
Compared to other regions, North America is expected to hold the largest supply chain management market share, and be at the forefront of AI development. North America’s growth in this market is largely driven by the rise in spending on transportation & logistics, which is boosting the implementation of automation technologies in logistics and supply chain(5).
This is OMQS’s bread and butter. With a strong footprint in the future of this revolutionary digital age, OMQS, while small and unheralded, is a little known juggernaut in innovation and disruption.
The company, which was formerly known as QuestSolution, Inc., offers supply chain and AI-based solutions in the US. These solutions range from computer vision image processing-based solutions using AI technology to provide real-time surveillance and monitoring for homeland security, traffic and parking management, law enforcement, and access control applications, to supply chain solutions that are specialized in the design, deployment, and management of enterprise mobility solutions, including automatic identification and data capture, mobile cloud analytics, radio frequency identification, and mobility software(6).If one could mold a company to the new COVID world that businesses need more than ever, it would be OMQS. They seem to be the perfect bet on supply chain innovation during the unprecedented challenges we are facing nowadays, and will surely be crucial to the survival and functionality of many businesses.
OMQS serves Fortune 500 companies in sectors all across the business landscape, including companies in manufacturing, retail, distribution, food/beverage, transportation and logistics, healthcare, and chemicals/gas/oil. They closed several multi-million dollar contracts in 2019.
But in Q2 2020 alone, OMQS received a $4 million order from a leading healthcare company for mobile data collection devices, received $5.5 million in purchase orders from one of the largest U.S. supermarket chains, was awarded a key project by the City of San Mateo, California to provide an innovative cloud-based Smart City parking and traffic control solution, and many many more(7).
This doesn’t even include what OMQS has done in the last month! OMQS secured $7.5 million in orders in Healthcare and Logistics(8), and secured over $3.5 million in orders from a worldwide leader in transport and logistics for the supply of mobile data collection and communication devices(9). Furthermore, just last week, OMQS secured a $1.8 million project from a metal solutions provider focused on the supply of mobile devices, software and services for the implementation of an advanced logistics program for product deliveries(10).
With its supply chain management and AI services, OMQS’ offerings are in high demand. In 2018, after the company acquired HTS Image Processing, Inc., OMQS’ management had more unique technologies at its fingertips to better position themselves as a technological leader. According to OMQS’ CEO Shai Lustgarten, the company sees their “ability to provide efficient and cost-saving solutions to enhance supply chain and public safety operations as a significant competitive advantage, especially as companies and municipalities focus more intently on “touchless” technology.(11)”
Once HTS was acquired, OMQS’ machine learning, AI, and pattern recognition technology became more well known as game changers in the supply chain market, as well as in the several sectors it operates in.
With OMQS’ patented and proprietary AI technology integrated with its existing supply chain solutions, the world is truly their oyster. This will allow for automated logistics monitoring and optimization, and the creation of operational efficiencies at higher margins.
OMQS has received demand from Fortune 1000 companies in integrating mission critical mobile computing and data collection solutions for nearly 2 decades now. But with the growth and integration of its AI solutions and supply chain management, it has had significant success with homeland security, traffic and parking management, and law enforcement. This doesn’t even include what it has done with transforming cities into Smart Cities! In addition, its machine learning technology has been in high demand in manufacturing, distribution, transportation and logistics, retail and healthcare.
With what OMQS offers, they could be the purest play to invest in the future. They are not Microsoft or Amazon and are truly under the radar. In fact, they offer more opportunities than Microsoft or Amazon. Why? They have the unique proprietary technologies that Microsoft or Amazon WANT, and possibly be willing to pay for.
OMQS now and in the future will make businesses function, make the world a safer and better place, and be at the forefront of the technological revolution.
This little Utah innovator and disruptor has been under the radar, and still is. However, despite its numerous multimillion dollar partnerships in the last month alone, combined with its growing demand and capabilities, omniQ Corp (OTC:OMQS) has had a decade’s worth of success. So much so, that the company has witnessed a return of 725% percent in the last 10 years alone(12)!
Keep in mind though- this 725% return was BEFORE it even got involved with supply chain management and AI! There is even more room to run, and based on what analysts are saying, the stock has as much upside 194%(13). But based on the buzz out there as the world continues to evolve and change and omniQ’s (OTC:OMQS) services become more in demand and widely adopted-this upside target is CONSERVATIVE. As said before, no OMQS is not Amazon or Microsoft. It has proprietary technology that Amazon or Microsoft WANT. Small pure AI plays such as OMQS get bought out by the Amazons and Microsofts when they see something unique that they want. For example, remember when Mobileye was a small niche company with a proprietary technology helping cars see the road? Intel paid $15 billion for this company- a multiple of 21X Mobileye’s revenue. Based on this same multiple, and omniQ Corp (OTC:OMQS)’s 2019 revenue of $57 million, this would mean that a company would pay $1.2 billion for them! 194% upside? This is an approximate 2000% upside!
With its track record, upside potential, and strategic moves, omniQ Corp (OTC: OMQS) has proven to be a stock which makes investors very happy over both the long term and short term.
This is the 1 Year Chart of OMQS(14)
A 14.53% return over 1 year is very good. However, look at where the stock is trading now over the course of the last 3 months and 1 month.
The stock has pulled back 23.14% over the last 3 months and 10% over the last month. For any smart investor, their mouth is watering at this. Because OMQS has had a recent track record of multimillion dollar contracts and deals, the fact that it has been trading in bear market territory over the last 3 months is an anomaly. This is the perfect entry point into this stock, with immeasurable boom potential. Right now, the stock is ripe for the picking for that eventual breakout. It is trading at a significant discount, with so much upside. It’s trading nearly 10% below its 150-day moving average, and 38% below it’s 1-year high of $8.
This company omniQ Corp (OTC:OMQS) is nothing short of a success story of a small underdog, and is a stock that one can’t help but root for. It has a limitless upside on top of a small float- means that when it has a good day, the stock increases, and increases quickly and explosively. With such low volume compared to other stocks, investors need to act and act quickly so not to miss the advances which this stock can offer. Because once this stock comes back, it’s not just coming back for one day or one week or one month. It’s coming back for the next 10 years.
omniQ Corp (OTC:OMQS) is an exciting stock for investors that want to invest in the future and chase robust gains. For these reasons, I see…