KNOWLEDGE

Geopolitical risks, including trade wars, sanctions, and political instability, have a significant impact on global trade, directly affecting exporters worldwide. To stay competitive in international markets, exporters must be proactive in responding to these risks. For instance, in 2023, Mexico surpassed all other U.S. goods trade partners, while trade between Vietnam, the U.S., and China […]

According to the mutual efforts of WTO and OECD, the following definition of Digital trade has been created: “Digital trade is all international trade that is digitally ordered and/or digitally delivered”. Virtually every aspect of the economy is experiencing shifts due to digital technologies, and international trade is no different. Both households and businesses utilize

Both B2B and B2C export sales processes were severely transformed during the last decade because of the rise of digital marketplaces. E-commerce is now a vital component of international retail. Like numerous other sectors, the purchasing and selling of goods has experienced a significant shift with the introduction of the Internet. One of the factors

Product customization for export growth has become a crucial strategy for businesses aiming to expand their international presence. By tailoring products to meet the specific needs and preferences of different regions, companies can significantly enhance their appeal to global consumers As described in the previous article, the international trade approach was transformed in the course

International Trade is, without exaggeration, a very old human activity. For example, wine production and trade can be traced back to the 6th millennium B.C. (Georgia) and the famous Silk Road has transformed the ancient world. Then, historically, international trade has been moved by inventions, innovations and the human desire to sell the surplus of

The integration of AI in consumer products can offer significant advantages. Let us provide a few examples from the industry. Consumer Electronics Industry: Pricing, stock management, and monitoring competitors’ activities are critical to staying profitable. If stock isn’t sold in time, it brings losses to the company. Fashion Industry: Forecasting which model/size/color will be popular

Businesses that embrace new technologies and digital tools are better equipped to capitalize on opportunities in global markets. leveraging new technologies can significantly boost your business’s competitiveness. Here are some cutting-edge digital tools and technologies that can help exporters succeed internationally: 1. 3D Printing For businesses in the manufacturing sector, 3D printing (or additive manufacturing)

The development of small and medium-sized enterprises (SMEs) is key to achieving economic growth everywhere in the world. According to the recent McKinsey report, SMEs’ contribution to the trade business is 66% in emerging markets and 60% in developed countries. However, we know that SMEs struggle a lot due to the lack of resources, knowledge,

Many SMEs mistakenly assume that the cost of B2B market expansion is relatively low, believing they only need to secure a local partner or importer to facilitate expansion. However, the reality is far from this notion. When all inbound and outbound activities required to establish a presence in a new market are taken into account,

In the realm of B2B negotiations, navigating cultural pitfalls is paramount. Nowadays, as markets globally become increasingly saturated, finding new opportunities and sealing deals pose significant challenges. Picture this scenario: after months of diligent lead generation efforts, you finally secure a crucial meeting with a potential partner. Initial interactions seem promising, with warm greetings and