Trade forms the backbone of the world’s economies, spurring investment, job creation, economic growth, and raising standards of living.
Global trade is edging closer to a state of crisis as tariff wars, protectionist policies and regulatory uncertainty disrupt established business models and trade relationships. Organizations are struggling to respond due to a reliance on manual processes, unreliable data, and siloed decision-making. A lack of trust across trade networks creates friction and slows progress.
The resulting inefficiencies were challenging when the trade environment was stable. But in our increasingly volatile times with COVID-19, Brexit and US-China trade tensions, the stakes are far higher.
Now should be a breakthrough era for international trade, as technological advances are making new forms of business possible, built on a foundation of data and insight. EY professionals can help you build an integrated approach by:
- Shaping responses to changing global tariffs and trading relationships
- Reducing cost, risk and delays from your trade network
- Driving better insights through data
- Reimagining your supply chain operating model
- Leveraging technologies