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Economic Technology Systems

Economic Technology Systems (ETS) is a small business located in Loudoun County, Virginia. ETS creates high quality, affordable, cloud-based applications designed for small businesses enabling a sustainable local supply chain.

Through practicing corporate sustainability, the economy, environment, and communities flourish. The responsibility to practice corporate sustainability has never been greater. ETS is dedicated to making practicing sustainability easier for businesses. It works with customers to design and build solutions that enhance customer operations. ETS strives to make an impact by giving customers the tools they need to have a direct and positive effect on their local community.

History of Economic Technology Systems

Economic Technology Systems (ETS) was founded by economist, Gregory Moulthrop, and web application developer, Matthew Luhrs. ETS spawned from a shared interest in creating affordable cloud-based applications that support the supply chains of small businesses. Both founders have a passion to improve local economies across the United States through helping businesses improve their supply chain. Their partnership bridges two diverse disciplines to deliver innovative and exclusive solutions with customer success at heart.

Founders of Economic Technology Systems

Greg Moulthrop

Mr. Moulthrop graduated from Longwood University in 2004 with a BSc. in Economics. He received his MSc. in Supply Chain Management from the University of San Diego in 2011. Mr. Moulthrop is currently the Chief Executive Officer (CEO) and one of the original founders of Economic Technology Systems. Prior to his work with Economic Technology Systems, he worked for an international consulting company, where he was responsible for leading and managing project teams who developed and delivered Information Technology and Information Systems as solutions to his client’s e-commerce, e-procurement, and business process management problems.

Matthew Luhrs

Mr. Luhrs graduated from Longwood University in 2003 with a BSc. in Computer Science and a minor in Mathematics. He serves as the Chief Technology Officer (CTO) and is one of the original founders of Economic Technology Systems. Prior to starting Economic Technology Systems, Mr. Luhrs worked for an aerospace and defense technology company, where he served as the leader of development and technical teams tasked to deliver mission critical systems for the federal government. He specializes in developing cloud-based applications and systems, which use state of the art technology that is dynamic and able to conform to the most complex business processes giving his clients a competitive advantage in any industry.

Business Relevance

The global corporate model for producing goods consists of complex networks between geographically separated producers, distributors, retailers, and consumers. Costs associated with transporting goods long distances are highly dependent on rising energy costs, which in turn drive up the cost of goods. Communities, governments, and countries are further challenged with issues of pollution due to the transportation, health problems from ingesting chemicals, deaths from bacteria released in the food supply, and environmental damage such as deforestation and contaminated water. The global corporate model that exists today is reaching an unsustainable level both financially and socially.

Major retailers use expensive Enterprise Resource Planning (ERP) systems that most small businesses cannot afford due to the large upfront costs, required licenses, service for implementation, and maintenance. ETS approaches this challenge by leveraging the latest cloud based technology to create a product that gives small businesses a low cost/high yield supply chain management system. The focus of the supply chain movement needs to shift, from connecting the local producers directly to the customer, to connecting the retailer directly to the producers. This approach empowers consumers to buy more local products from a single point of sale rather than making multiple transactions across several different local producers. This shift in supply chain management has a significant impact on the local economy when retailers make large local purchases. This model keeps wealth in the local community, and reinforces sustainable practices initiated by the local producer.

Products and Services

Localvore

Economic Technology Systems developed a solution, called Localvore, to stimulate the shift towards a sustainable local economy. Localvore is an affordable, high quality, cloud-based, business-to-business (B2B) application designed for small businesses to collaborate with large retailers. This collaboration builds a self-reliant, locally based economy thus enabling sustainable commerce. Localvore helps support the movement towards local purchasing and local economies. This movement benefits the retailer, producer, and consumer, while creating socially responsible supply chains.