Technology can help SMBs manage their cargo, reports Supply & Demand Executive.

Maritime transport is the backbone of international trade and the global economy. The World Trade Organization (WTO) estimated global trade to fall by 7.4% in 2020. 

According to Forbes, technology can help global supply chains build resilience.

It’s been a harrowing few years for the logistics industry. While the situation has somewhat improved, companies around the world are now confronting rising fuel costs, a worsening climate crisis and increasing inflation

Empowering suppliers is how businesses can strengthen their supply chains, reports Supply & Demand Executive.

Back in the early 2000s, supplier data was a struggle. The chief procurement officer (CPO) needed to know who all the suppliers were and whether they complied with a list of principles the company had committed to.