Supply chains in the technology and electronics industry continue to face unprecedented challenges in the global marketplace. As customer demands continue to exceed available supplies, the rapidly changing needs for products with “more software” and “less hardware” also place additional constraints on suppliers and create more complexity in global supply chains. Such challenges also lead to opportunities. Digitization through Tradelens is one such way that the technology and electronics industry can leverage to become more secure and agile in its production, while also achieving new levels of sustainability and reduced carbon emissions.
Simultaneously, the COVID-19 pandemic continues to test the resilience of supply chains in the technology and electronics industry. Many supply chains at the beginning of the COVID-19 pandemic, and even prior to it, saw shortages and slowdowns affecting manufacturing sites and transportation. Demand has continued to peak as more people than ever before are now relying so critically on technology and electronics to work from home. The pandemic has created disruptions that are likely to remain permanent, and it has become clear that digitization will be critical in allowing the players in the technology and electronics market to adapt and be better prepared for the next supply chain disruption.
We recently had a conversation with two experts in the technology and electronics industry about the current challenges and future opportunities facing the industry. During our TradeLens podcast, Challenges and Opportunities facing Technology & Electronics Global Supply Chains, Randy Wheeler (Key Client Manager FMCG & Technology for Maersk), and Christophe Begue (Director of Business Development and Solution Strategy for IBM) bring years of expertise and perspective to several areas of the industry during this insightful conversation about challenges and opportunities for the industry. Digitization, visibility, compliance, security, and climate change are key topics we discussed.
During our discussion we spoke on the following:
Listen to the full interview below or in our podcast on Challenges and Opportunities facing Technology & Electronics Global Supply Chains to hear predictions for the industry over the coming 5 to 10 years and learn more about TradeLens. Discover the ways that Tradelens can simplify the tech and electronics supply chain.
The global acceptance of eBL is in motion, how can MLETR and other legislative initiatives help?
We sat down with senior global trade experts, Diana Jones, Director of Solution Architecture, and Juanjo Ruiz, Strategy and Business Development at TradeLens to discuss the proliferation of electronic bills of lading (eBL) and the disruption of blockchain as an emerging technology with a substantial opportunity to support banks with unlocking a $3.4 trillion trade gap in the trade finance market. The following is a Q&A on these topics.
Bangladesh/Hong Kong – Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain technology supplied by TradeLens, the pilot illustrates the effectiveness of the technology to improve supply chain efficiency by significantly reducing document processing lead times.