Global Trade Management Best Practices and Critical Capabilities to Outpace Change

Global trade management (GTM) has become a hot topic in supply chain circles. Companies involved in international trade are likely to be affected by ongoing changes resulting from Brexit, the USMCA, and US/China trade agreements.
According to research from Aberdeen, most companies are behind the curve in terms of having the capabilities and technologies required to address these challenges. Roughly 28% are still saddled with cumbersome manual processes. In addition, companies indicate they struggle with having access to up-to-date information for SKU classification, as well as with siloed data across the enterprise.
How should companies respond? Adopt the practices and technologies of “best-in-class” companies, those at the top 20% that are tackling GTM challenges more successfully than the rest.