Trends That Will Shape the Future of Global Trade
Global trade is on a growth trajectory that will see it shape the way both large enterprises and small startups do business in the next few decades. Aligning your business model and strategy to embrace and accommodate future global trends will help ensure you remain globally sustainable for years to come. Meteoric growth of e-commerce According to consulting giant McKinsey & Company, today’s digital form of globalization has made eCommerce more accessible for people in developing countries and for small and medium-sized enterprises (SMEs), enabling them to directly compete with larger multinational companies. E-commerce is responsible for approximately 12 per cent of the global goods trade. Many e-commerce transactions are made between small local manufacturers and suppliers. As technology develops, it enables more people to conduct business online. According to a recent PwC report [PDF], Europe’s creative sector has experienced 1.2 per cent in ann...