Global Trade Management: The Past, Present and Future

Global Trade Management

Just as supply chains have changed dramatically in the past decade to adapt to new sourcing and production trends, companies that seek to stay on the forefront of GTM and supply chain management are embracing advances that give them an edge over the competition.

Deploying a digital model of the global supply chain provides the opportunity to drive value throughout the entire business.

This report will examine how GTM has evolved from the past to today's integrated digital approach, its current status, and what the future looks like as new technologies such as blockchain enter the space.

Business and Market Pressures Facing All Companies in Global Trade

The pressures facing every company are similar across all global supply chain organizations. Reducing supply chain cost is always near the top of the list of concerns. In the new retail dynamic, it is clear the empowered customer is steering the ship, with demands on what, when, where, and how they receive the product.

This puts tremendous pressure on global supply chains to speed up their processes while minimizing inventories. The impact is not only on retailers but also on manufacturers and distributors who must support their channel partners with direct-to-customer shipments.

As a result of these customer pressures, process inefficiencies are high on the list for improvement at all levels in order to improve global supply chain responsiveness.