Business of...
Complexity of global trade is an opportunity for ICT
ICT, particularly software, benefits the global trade sector by increased automation in the components of the process. However, it falls far shy of providing an end-to-end solution.
04 October 2010
The World Trade Organisation (WTO) expects global trade to rise 9.5 percent in 2010 after a 12.2 percent decline in 2009.
A key challenge in global trade is that it has remained a mostly manual process until recently, and remains complex and convoluted, according to Dwight Klappich, a vice president in supply chain research at Gartner.
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