DeepSales Set to Import 7,000 Tons of Urea to South Korea through AI-Driven Trade Platform

South Korea, November 19, 2021 - DeepSales is gaining significant attention for its innovative approach to addressing the urea supply shortage through artificial intelligence. The company recently announced plans to import 4,000 tons of urea from a Vietnamese supplier in December, with an additional 3,000 tons expected later in the month, bringing the total to 7,000 tons. This volume exceeds the quantities secured by conglomerates such as POSCO International and LX International.

DeepSales' success is driven by its AI-powered trade platform, DeepRank, which effectively identifies and connects with global suppliers. The platform searches worldwide for producers of specific products like urea and streamlines the negotiation process. The company mentioned that DeepRank had received numerous requests to source urea, culminating in the recent agreement with a Vietnamese producer.

The company plans to maintain its momentum by importing 7,000 tons of urea monthly over the next year. This consistent supply could meet the demand of up to 350,000 trucks, each requiring 20 liters of urea. DeepSales is also exploring additional suppliers from regions like Russia, further expanding its global network.

Founded earlier this year, DeepSales is already showcasing the transformative power of AI in global trade. By leveraging advanced data analysis, the startup can tackle tasks that would be daunting through traditional methods, establishing itself as a leader in AI-driven solutions for international commerce. The success of this initiative highlights the potential of AI to revolutionize global supply chains, particularly in critical industries.