As global trade accelerates, so does the cost of compliance. The future is bright, with a projected total value of nearly $400 trillion by 2020.
Unfortunately, the operational costs of global trade are rising too, with an estimated $1.8 trillion being spent last year alone. Of course, as any global trade pro will tell you — the only thing more expensive than getting it right is getting it wrong. But these are not fixed costs. Transforming global trade operations through technology modernization will yield direct and dramatic savings — some estimate 10%. In addition to cost reduction, the value global trade management can bring to the business can rise exponentially.
This guide explores the savings and efficiencies realized through the adoption of a global trade management platform.