That cross-border trade is increasingly complex to navigate is well understood. Supply chain shocks, rising geopolitical tensions, emerging technologies and regulation, the need to make operations sustainable and adapting to post-Brexit trading relationships - all bring uncertainty. What’s not been previously understood is how trade functions should be structured to respond to the issues facing their organisation and how confident trade teams currently are in their ability to meet the challenges.
By surveying over 400 UK and international trade leaders, EY’s International trade capability in 2021 report builds a picture of the typical trade function, its strategies, size, reporting lines, recruitment plans and skills gaps. Only by understanding their current state, considering the capabilities necessary to address tomorrow’s trade issues, can businesses develop the robust and dynamic trade strategy they need.