How digitization is accelerating international trade
How did the pandemic facilitate cross-border trade?
It certainly helped move things along more efficiently in two ways, Nextrade Group founder and CEO Kati Suominen says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.
First, customs agencies in many countries (finally!) went paperless — a huge help for small businesses. Second, COVID accelerated the move toward logistics tech innovations like data-driven route optimization or drone delivery that make it easier and faster to deliver stuff.
Suominen hopes that governments continue the trend and that "we continue plowing forward" on digital cross-border trade.