Trade Technologies Inc

Working closely in international waters may be full of new and profitable opportunities, but it sets up various challenges in the face of importers and exporters. But, the challenges of international trade are not limited to just two parties; it extends to every party, which may directly or indirectly get affected by the commercial trade transactions.  Trade consulting services play a crucial and defining role in taking care of the logistics aspects. These services may look like a piece of cake from the surface, but if you dig deeper, the consultants have to deal with many tasks simultaneously.  You cannot handle everything on your own from warehousing, distribution, banks, customs brokers, and even the part where government entities are involved.  No wonder there is a boom in trade training and consulting services to ensure that the goods are delivered on time with greater efficiency.  What are the benefits of Trade Consulting Services?  1. Cost-efficient sol...

As the world continues to shrink under the immense advancements of technology and innovation, the demand for varying goods and commodities among customers all over the world is only increasing day by day.  While recent news has been very high on tensions and the changing face of tariffs and the regulations governing them, globalization has witnessed a huge change in its structural foundation, something that has missed the observation among headlines.  In short, trade service , as we know it, is going a change with the undercurrent of globalization to drive it further.  Despite this transformation of globalization, the perception that outsourced trade service focuses more on the past and not on the future is something that needs addressing. The whole landscape of globalization is witnessing a big change, and never before were the parties involved in this mix were so many countries and trade enterprises.  Understanding this change better will help the stakeholders to ...

Improving the highly complex yet crucial global trade ecosystem has been on the cards of global trade banks for quite some time now. And why not, when it is the global financial system that ensures the movement of goods and services across different continents in the world.  The trade finance scene has witnessed a huge gap in terms of available finance, where these disruptions have only increased due to the whole COVID-19 pandemic outbreak, and which are only continued to advance in the coming years, without the right strategies or solutions in place to tackle them. Where there’s been an increase in the era of digitization and companies have been adopting digital practices at a rapid pace, trade finance has been relatively slow to pick up digital means and avenues to proceed ahead by modifying existing trade operations practices.  Huge corporations have been using digital technologies with the premise of improving bottlenecks in the supply chain and better transparency, while...

As far as capital markets are concerned, cash rates, foreign exchange availability, and cash equities play a very crucial role in determining the scale of a business operation. That’s because capital markets prioritize scale over everything else as the overall productivity and profitability in those classes and markets.  While the scale is a factor that’s possible to pull off for larger banks, it’s the local and regional ones that struggle with it. Trade service in banking requires that little something more. Banks are faced with the threat of a steady flow of income as global trade continues to grow in dominance. This makes adapting to it a very necessary activity. While trade consulting services do have their crucial standing undoubtedly, banks need to come up with something more consolidated and something more focused on banking as a whole.  The options around which change can be ensured include-  -Trade digitalization -Trade transformation -Cutting-edge compliance ...

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...

International trade has been the backbone of the global economy and commerce since the first time it broke through the scene. While things were going about smoothly, the coronavirus pandemic brought unforeseen disruptions in the world of global trade service . While supply had to be cut down following the global lockdown restrictions, demand also witnessed a proportionate drop. Manufacturers had a tough time making things work and staying afloat in these trying times. Despite all the chaos, trade didn’t get totally surrendered, thanks to how technology made adjusting to the new normal much easier than everyone could have imagined. While the world is on the road to recovery now, the focus has shifted to certain developments that have taken top accolades amidst this global revival. Better Trade Growth Abound A report from UNCTAD (United Nations Conference on Trade and Development) states that trade recovery after COVID-19 touched a new high in Q1 of 2021, which can be at...