Digitization | August 22, 2022 A Universal Language for Global Paperless Trade - The ICC & WTO Standards Toolkit in Brief In an attempt to raise awareness of paperless documents and digital transactions by providing a uniform guideline for global businesses, in March 2022, the World Trade Organization (WTO) and the International Chamber of Commerce (ICC)’s DSI (Digital Standards Initiative) jointly published a standards toolkit for cross-border paperless trade. Read more Related Tags b2b marketplace digitalization digital trade
Digitization | July 15, 2022 The Queen Endorses the Digitization of Paper Documents in Global Trade On the 10th of May 2022, in the Queen’s Speech which marks the beginning of the new UK parliament term, the UK Prime Minister and His Royal Highness the Prince Of Wales announced the Electronic Trade Documents Bill. The Electronic Trade Documents Report and Bill is one of the first pieces of proposed legislation that arose from The Law Commission’s recent focus on new technologies. Read more Related Tags digitalization b2b marketplace market data hub digital supply chain
Digitization | May 18, 2022 Digital Trade Legal Reform Board Formed by ICC to Support Digital Standards As of the end of 2021, the ICC (International Chamber of Commerce) formed a digital legal reform advisory board that comprises industry, policy, and intergovernmental actors in the trade finance and global trade sector, intending to accelerate reforms needed to enable digital trade. Read more Related Tags digitalization digital trade
Timber Industry | March 30, 2022 Control Tower Technology to Achieve Operational Excellence & Proactive Customer Service A supply chain control tower can be defined as a personalised yet connected hub of key business metrics, data, and several important events across the supply chain. These are meant to enable organisations to understand, prioritise, and resolve complex issues easily. Read more Related Tags digitalization global lumber supply chain timber supply chain ecosystem timber supply chain management
Digitization | March 4, 2022 Digitalization Might Add a Whopping US$9tn to G7 Trade by 2026 The G7 countries, an intergovernmental organization consisting of Italy, Japan, the UK, the US, Germany, France, and Canada, agreed to a framework in May that champions the work of UNCITRAL (United Nations Commission on International Trade) and promotes the adoption of its MLETR (Model Law on Electronic Transferable Records). Read more Related Tags timber supply chain management b2b marketplace digitalization electronic bill of lading
Digitization | December 30, 2021 A Summary of the UN Digital Trade and Economy Report 2021 Rapid digitalization is affecting almost all aspects of life including the way people interact, shop, work, or receive services to create or exchange values. Digital data is one of the key factors of the economic sustainability of the world, as a whole. It has also become a major strategic asset for both social and private value. Read more Related Tags sweden forestry industry digitalization private b2b marketplace digital trade
Digitization | July 5, 2021 Reshaping Forestry Trade with Digitalization The ongoing digitization is transforming the business environment in a variety of different industries. As a result, business manufacturers are gaining more competitive advantages by implementing these emerging technologies and new digital solutions. While the digital revolution has changed most industries, its influence on the forestry trade has been comparatively limited. Read more Related Tags cargox aci regulations digitalization sweden forestry industry
Digitization | March 25, 2021 Importance of Visibility in Digital Supply Chain A customer orders an item from a seller who might be sitting across the world; the item then travels from its place of production (the seller) via a transit mode (shipping) to reach its destination (the customer). This complete process is what makes up the term supply chain. Read more Related Tags timber trade timber supply chain tools digitalization