Fixing global trade finance

  • 2022-01-04
  • John W. H. Denton, Victor K. Fung, Bob Sternfels, Marcus Wallenberg
Goods and services move around the world via critical infrastructure: roads, ports, rail networks, shipping routes, and data servers. The $5.2 trillion global trade finance ecosystem that facilitates these flows is just as essential. Unfortunately, it does not always work as well as it could. Today’s trade finance system is characterized by a complex web of decades-old manual processes and more recent “digital islands” – closed systems of trading partners that are disconnected from the global whole. New research by the International Chamber of Comm...
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