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Tomorrow’s supply chain - database created to track trade digitalization progress

The ICC and UNESCAP have created an online database to track progress of trade digitalization efforts around the world. Useful as a resource for countries in efforts to digitalize their supply chain, the database tracks legal and implementation instruments, government and quasi-government projects as well as reference materials.

According to Mr Yann Duval from UNESCAP, the database will be an essential source of information for ESCAP member states as they proceed with implementation of the UN treaty on cross-border paperless trade facilitation in Asia and the Pacific, but also to all those who want to further accelerate the digitalization of their trade processes. Achieving seamless cross-border paperless trade is ambitious but is expected to cut trade transaction costs by at least 13% across the region.

Ms Hannah Nguyen from ICC agreed that ICC remains committed to ensuring that systems used by all stakeholders are interoperable, and that businesses and government stakeholders are enabled to significantly improve cross-border trade efficiencies, visibility and resilience to enhance the overall performance and sustainability of supply chains.

Cross-border paperless trade, or cross-border trade digitalization, refers to international trade taking place on the basis of electronic data and documents. It has great potential to boost trade competitiveness and support effective engagement in the digital economy. Implementation of paperless trade measures could reduce international trade costs in the region by 25%, saving the Asia-Pacific region $600 billion annually, according to the recent study by ESCAP.


tomorrows supply chain, emerging technologies, entertainment & media, fintech, supply chain, transportation