Movement across borders is as simple as getting in a car or on a plane. It's a seamless, simple experience to which most people devote little thought. For both merchants and consumers, however, the path to online and offline purchasing across borders is still a bumpy one.
Small and medium enterprises (SMEs) represent a rapidly growing sector of the U.S. economy – creating 30 million new jobs, according to the Office of the U.S. Trade Representative. Exporters benefit from even faster growth, create more jobs and pay higher wages. Yet SMEs, which account for 99 percent of U.S. businesses, represent a mere 13 percent of the total U.S. export value.
Back in 2011, in the midst of an intensifying debate about the impact of globalization, author and academic Pankaj Ghemawat voiced a view that was in sharp contrast to the prevailing wisdom on the subject: "We're not nearly as globalized as we think we are."
South Korea and China agreed on a bilateral free trade agreement (FTA) that is expected to create the largest economic bloc in Asia. Once implemented, the Korea-China FTA will significantly boost bilateral trade between China, the world's second-largest economy, and South Korea, the fourth-largest in Asia.
China will contribute $40bn to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to spread the largesse of its own economic growth.
FedEx has added 31 origin countries to its International First service, a priority-shipping option for customers needing critical deliveries to arrive as early as the start of the next business day.
The latest news, analysis, trends and solutions regarding global trade management software and systems and their impact on supply chain management. New developments in global trade management software - which streamlines logistics and business processes related to cross-border trade - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using global trade management solutions for supply chain optimization.
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