Optimizing the Global Trade Management Solution Evaluation, Selection Process

Global trade and supply chains are expanding due to the robust growth of markets across international boundaries. This has driven the establishment of manufacturing sites in distant locations supported by a global supplier base. Trade volumes have increased by 13.5% in 2010 and with it security requirements in managing global trade have increased accordingly. With such growth and security demands, effective communication and collaboration with partners in the supply chain is gaining more attention. Consequently, many organizations involved in global trade are focusing on processes and solutions that enable effective communication and collaboration. Solutions or packages focused on managing global trade aim to remove any informational blind spots and widen the boundaries of information distribution, as well as make available timely and accurate information for informed decision-making.