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How digitization is accelerating international trade

November 16, 2022

GZERO Staff

Digital Cross-Border Trade Post-COVID:Paperless, Logistics Tech | Economic Empowerment | GZERO Media

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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.

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How digitization is accelerating international trade

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Israel approved the Gaza ceasefire deal on Friday morning, bringing the ceasefire officially into effect. The Israeli military must withdraw its forces to an agreed perimeter inside Gaza within 24 hours, and Hamas has 72 hours to return the hostages.

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