How Enterprises Gain from
Global Trade Management:
A New Process Model for
the China-to-US Trade Lane
Learn How to Achieve Bottom-Line
Benefits Such as an Annual Profit
Increase of 28% for Exporters and a
23% Increase for Importers
TradeBeam and Stanford co-authored a study, “How Enterprises and Trading Partners Gain from Global Trade Management: A New Process Model for the China-to-US Trade Lane."
The model in this paper will be presented in an easy-to-use and understandable method for finding inefficiencies in a trade lane, presented by representatives from TradeBeam, Stanford University and Tompkins Associates in a Videocast as a panel.
To improve the level of understanding of Global Trade Management (GTM), and to help companies realize efficiencies, a new, detailed process model for global trade has been developed. Sufficient detail on cross border trade processes allows users to estimate the benefits of IT-Enablement at the individual process step level for over 100 steps. The analysis performed focuses on the apparel industry in the China-US trade lane, so as to provide a real-world context. Estimates of both current process step times and reduced times due to IT-Enablement come from knowledgeable sources from both the USA and China.
Under reasonably conservative scenarios, estimated key benefits are as follows:
