Media Coverage
Global Trade Management: Solutions for the Financial Supply Chain
Alex Thompson, VP Product Management and Manoj Narayan, Product Manager at TradeBeam
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With nearly 30 percent of the world’s GDP currently now crossing borders, it is clear that global trade is an integral and growing part of business. As a result of this globalization, businesses have created a new concept to define the challenges and opportunities unique to the new highly globalized business environment—Global Trade Management (GTM). While savvy executives are wise to be wary of potentially short-lived buzzwords, there is no questioning the powerful trends that have made GTM such a topic of interest to forward-thinking businesses. These trends include:
- The volume of global trade is substantial, and will only increase with time
- Global trade is significantly more complex and risky than domestic trade
- There are dramatic operational and cash flow benefits to be gained by businesses that implement and efficiently execute global trade
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