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.
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