Forbes recently posted a very true and interesting article regarding the importance of digital enabled transactions in goods and services to recover the economic downturn. As the crisis continues, the inevitable shift toward digital services will be accelerated.
However, as much as the digital world is on the rise, trade faces some challenges too. The growing gap in digital development between developing and developed countries could lead to income disparities and digital “monopoly” that crowds out smaller players.
One way to overcome challenges for digital trade is digitizing trade documentation. "With restrictions on physical movement, the Covid-19 pandemic disrupted supply chains and exposed the fact that international trade is a paper-heavy system that relies too much on physical documentation. Digitizing the trade process could make international trade more resilient, reduce costs and lower the barrier of entry for SMEs."
At Musubi, digitalization of documents is part of what we stand for - to simplify the trade process in every aspect. To know more about us, please email us at firstname.lastname@example.org
Original article find in link below.