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Showing posts from June, 2023

For Businesses in need of swift and flexible Trade Financing

  Did you know that global supply chains are in disarray, with a whopping $15 trillion at stake and escalating disruptions? It's like a game of Jenga, where one wrong move can bring the whole tower crashing down. No wonder a staggering 56% of businesses are experiencing adverse effects, and 30% of shipments are encountering damages or delays. It's time for a transformative approach to supply chain risk management-based financing. And what's the solution, you may ask? Introducing continuous visibility utilizing advanced technologies such as the Internet of Things (IoT), Business Intelligence (BI), and Artificial Intelligence (AI). It's like having a team of superheroes that can see through walls and predict the future! These innovations allow for a comprehensive assessment of risks by viewing the supply chain through the lens of the cargo itself. Envision a scenario in which cargo is monitored at every stage, from production to warehousing and retail. It's like havin

Digital Twins & Insure Tech: A Match Made for Global Trade

Technology integration is crucial in enhancing logistics and supply chain operations in today's era. With the rise of digitalization, InsureTech firms must seize the opportunity to join the global trade sector by integrating their insurance tech know-how with Digital Twin modeling solutions. These solutions enable businesses to virtually simulate complicated situations before they occur in real life, resulting in enhanced customer satisfaction through transparency and efficiency. The Future of Global Trade As global trade progresses, certain processes still rely on outdated paper-based methods. To stay ahead of the competition, businesses must adapt their systems to keep up with the times. Digitalization is a crucial aspect of the future of global trade, providing streamlined operations, cost reductions, and improved connections with partners across the globe. The five most prominent trends shaping the future of international trade are: • Digitalization. • Transparency in suppl

Decoding Supply Chain Sustainability: From Jargon to Action

I'm sure you agree: "You don't know what Supply Chain Sustainability (SCS) means, but it sounds like a good idea." Supply chain sustainability is like saying, "I'm going to start eating healthily" - it sounds great on paper, but when you get down to it, what does "eating healthily" mean? And how do we know if the food is healthy? Sustainable supply chains emerged as a response to consumer demand for better information about the environmental impact of products, such as food and clothing, that they purchase. According to research, 80% of consumers indicate sustainability is crucial to them. Yet another survey from IBM says 57% of CEOs identify unclear ROI (return on investment) as a leading sustainability challenge. Do you know what's the most sustainable thing a company can do? That's right: nothing. Seriously though, that's not a wrong answer—you must be careful about defining "sustainability." The United Nations defines