Trade Technologies Inc

The world is still reeling under the impact of COVID-19, changing the scenario of the global trade economy as we understood it. Everything has become very uncertain, and it has become pretty difficult to plan things out to the last detail.  Despite all kinds of planning, uncertainty is always present in any particular situation, and no kind of ecosystem can ever be prepared for everything. Yes, the right trade service can help you with managing your workload, but there’s a lot more to this than meets the eye.  In this ‘new normal’ which we are coming to terms with, it would be unwise to say that industries have nailed the overall trade issues. There is still a lot of fight and grappling that needs to be done and looked after.  Keeping this in mind, we take a look at a few trade service trends that will be worth observing for in 2022-  1- Better Supply Chain Management, Keeping COVID-19 Guidelines in Mind Well within the two COVID waves we witnessed over the last cou...

International trade binds major economic activities of the world together. Everything is interconnected. Worldwide financial supply chain management has extremely complex workflows between countries that source raw materials, process, and assemble them. Change in one part of the cycle affects the entire process end-to-end. Therefore, choosing an efficient Global Trade Management system is vital to identify and address your specific business processes.  Your Global Trade Management(GTM) system should provide thorough trade consulting services in terms of legal compliance, communication channels, and technology requirements.  Features Required in a Global Trade Management System  After identifying your needs on a wide scale and the means to meet them, search for the following essential utilities in the trade digital solutions available in the marketplace to be a part of your GTM framework.  1. Acts as a Compliance Database- A GTM must be an excellent document managem...

Industries all over the world have been taking those extra steps to take their products and services to customers. Manufacturers like to term this as a supply chain, a term that encompasses different processes, people, and more, involving the transfer of goods and services from the manufacturer to the customer.  In a similar manner, trade service has to take care of a supply chain that’s entirely devoted to the financial nature of transactions. This is what financial supply chain management entails.  Financial supply chain management- What is it? Financial supply chain management or FSCM refers to the process of analyzing financial processes taking place in a comprehensive manner and not looking at them as individual processes. The financial supply chain management process entails steps like working capital management, procure-to-pay cycles, and order-to-cash cycle business.  The goal of financial supply chain management is to ensure achievement and take care of the vis...