ABOUT POWERBRIDGE
INDUSTRY BACKGROUND
Global trade is characterized by its extended workflows with complicated compliance and logistics processes, voluminous documentation and time-consuming paper handling, cumbersome and costly peer-to-peer messaging and multiple players from different disciplines. A typical export process in China for a single shipment may involve:
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21
organizations engaged in global trade
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55
sets of trade documents
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13
different core work processes
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60
persons engaged in the process
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21
information or message exchanges
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1
The exporter
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8
Government agencies and authorities including customs, inspection and quarantine, tax and commerce, free and bonded trade zones, and ports and terminals
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12
Logistics and other service providers including freight forwarding agents, customs brokers, warehouse operators, transportation carriers, cargo handlers, commercial banks, credit guarantee companies, trade insurance companies and others
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Belt & Road - China’s initiative for unimpeded trade, facility connectivity and financial integration with partnering countries
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China’s global trade volume continues to grow bolstered by the Belt & Road trades
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Domino effect of direct investment and development projects of the Belt & Road across the globe
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Ongoing government investments and incentives in trade infrastructure development and technology enhancement
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Global Trade is a Complex ProcessGlobal trade a complex process involving extended workflows, voluminous documents and a great number of players
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Organizations are Facing Increasing ChallengesOrganizations facing challenges as global trade ecosystem growing in size, complexity and cost
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Convergence of Disruptive TechnologiesConvergence of disruptive technologies driving government and enterprises to invest in new technologies
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Blockchain is Emerging as a Disruptive ForceBlockchain technology emerging with potential to enable organizations engaged in global trade to better collaborate
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