global trade

Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics
Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics
April 11, 2024  |  Supply Chain

One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing...

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Closing the Books on the Global Challenge of X-Border Accounting
Closing the Books on the Global Challenge of X-Border Accounting
February 06, 2024  |  Cross Border Commerce

One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle...

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Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
Toward 2030: How Ecosystem Offerings Will Transform Trade Finance’s Future
January 25, 2024  |  B2B Payments

Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades...

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World Bank’s Gloomy Outlook Could Be Countered by Industrial Transformations 
World Bank’s Gloomy Outlook Could Be Countered by Industrial Transformations 
January 17, 2024  |  Connected Economy

The World Bank isn’t banking on the world’s economy getting much better.  At least in the near term.  In its semiannual Global Economic Prospects report,...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the...

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Major Economies Report Falling Trade Volumes in July
Major Economies Report Falling Trade Volumes in July
September 25, 2023  |  Commerce

Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began.  The slowdown...

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Truist and Standard Chartered Join Forces on Trade Finance
Truist and Standard Chartered Join Forces on Trade Finance
September 20, 2023  |  Cross Border Commerce

International banking group Standard Chartered Americas has announced a trade finance partnership with financial services company Truist Bank. This strategic collaboration aims to strengthen trade finance capabilities in...

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Global Trade Sector Taps AI to Smooth Supply Chain Issues
Global Trade Sector Taps AI to Smooth Supply Chain Issues
September 03, 2023  |  Supply Chain

The global trade sector may have an answer to supply chain hiccups: AI. As Bloomberg News reported Sunday (Sept. 3), generative artificial intelligence (AI) and...

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Koverly Launches B2B BNPL Platform for International Trade
Koverly Launches B2B BNPL Platform for International Trade
August 22, 2023  |  B2B Payments

Koverly has unveiled its B2B buy now, pay later (BNPL) platform, offering businesses enhanced payment flexibility and reduced foreign exchange (FX) rates. The standout feature of...

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