This blog was originally published on Trademo.com/blog If you have skimmed through the basics of global trade, you might have come across a document called a Bill of Lading. So what does it mean? Simply put, a Bill of Lading is a document that establishes an agreement between the shipper…

This blog was originally published on Trademo.com/blog From using artificial intelligence to robotic systems, supply chains have been evolving continuously over time. The supply chains are adopting smart, tech-driven solutions to reduce operating costs and improve efficiency in their processes. These technologies also help improve business connectivity and provide better visibility across the supply chains. Here is a list of 6 technologies that are or will be used to create seamless supply chains:

According to Forbes magazine, in 2019, Mexico became the leading US trade partner. In 2019, the US imported $358.0 billion worth of goods from Mexico. Have a look at this graph showing US imports from Mexico from 2004 till 2019:

The export business can be a profitable one if planned properly. However, there are certain challenges in starting your export business, especially in the beginning. In this article, we will explain the key challenges as well as the benefits of exporting. What is Exporting? Exporting is where a business exports products or services…

Streamlining business processes and balancing costs are 2 key things required to create an efficient supply chain. It may seem odd to try new Initiatives such as Green Supply Chain Management but going a little out of the way could help you not only save the environment but create a…

A supply chain is a combination of all the operations required to transport goods from one place to another. And information is invaluable in better management of supply chains. IoT (Internet of Things) is revolutionizing almost every industry today, from retail to transportation. Especially when it comes to managing supply…

In the world of ever-increasing globalization, global trade plays a critical role. The decisions on trade by few countries can impact the whole world. The European Union (EU) is one of the world’s largest trading blocs in the world and Brexit may lead to a huge impact on global trade…

What is RCEP? The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement in the Asia-Pacific region between the ten ASEAN (Association of Southeast Asian Nations )Members and five of their FTA (Free Trade Agreement) partners. It was signed virtually on November 15, 2020, by 15 nations in the ASEAN Summit. …

What is supply chain diversification? At its simplest, supply chain diversification is about expanding the choices businesses have in procurement from a larger circle of manufacturers, from diverse locations. The reason diversification is important is because it provides buyers with an abundance and flexibility of suppliers to choose from. …