The desire for streamlined regulatory compliance work, cut costs, and saved time are only some of the drivers behind the growth in digital trade ecosystems. Leaders in trade finance have been competing to develop platforms allowing them to focus on financing, rather than paper-pushing.
Whether it's global freight shipping or specialized parts procurement, mass market retail or niche e-commerce, the business of sourcing and delivering products has gotten faster, more granular, and more complex since the third-party logistics (3PL) field began its digital transformation.
Until now, it’s been hard to put a finger on just how much money trade facilitation initiatives such as TradeLens could save shippers. A new study by QBIS provides new indications.
