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Trade Challenges

The macro global challenges are threefold: Globalization, Sustainable Growth and Regulatory Compliance. These trends will drive the intention to identify and implement intelligent trade systems. Real-time global supply chain visibility is a key capability to address these macro challenges.

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Global trader’s supply chain operators and their Logistics Service Providers (LSPs) are challenged by rapidly changing market and regulatory requirements, including:

  • Globalization
  • Sustainable Growth
  • Fair Trade Initiatives
  • Customs Compliance
  • HazMat & Regulated Trade Compliance

 Traders are also faced with strategic & financial pressure to:

  • Improve market share and revenue growth
  • Enhance Supply chain control to improve sourcing and delivery agility
  • Reduce supply chain costs component of the Cost of Goods Sold
  • Reduce end to end supply chain costs
  • Reduce inventory management and carrying costs

Trade transaction fulfillment interoperability and collaboration is the most effective response to mitigating these challenges. Effective Trade Management, based on enhanced supply chain visibility, is the critical capability required.

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