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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:
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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
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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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