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Most Adopted Trade Technologies
Trade Technology, or tradetech is seeing a boom in recent years. So much so that technology is reshaping trade flows faster than policies can adapt. Disruptions from emerging technologies such as blockchain, artificial intelligence (AI), 3D printing, and Internet of Things (IoT) will accelerate in the coming decades. As we are amidst our 4th Industrial Revolution (4IR) and accompanying technologies, the means to facilitate international trade are growing too.
Digitalization and advanced technologies have the potential to significantly reduce processing times and the cost of cross-border movement of goods, and further facilitate trade in services. As of 2021, IoT solutions applied across the supply chain, digital payments, and e-commerce platforms were the most commonly implemented tradetech solutions in the industry.
Related Report
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Sustainable International Trade for a Resilient Future
We invite you to explore our in-depth special report, which not only highlights the urgency of transitioning to sustainable international trade but also showcases the innovative solutions being implemented around the globe. With many countries committing to achieving net zero carbon emissions by 2050, there is a race against the clock to upgrade the world’s energy and trade infrastructure to achieve this. In this report, we highlight strategies used by trade stakeholders worldwide to foster a sustainable future, focusing on decarbonization, energy and food security, and environmental impact mitigation.
