Quadrant Knowledge Solutions’ Global Trade Management (GTM) market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate as well. This research provides strategic information for technology vendors to better understand the existing market, supporting their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of leading GTM vendors with a global impact. The SPARK Matrix includes an analysis of vendors, including AEB, Bamboo Rose, Cargosmart, Descartes System Group, E2open, Freightgate, LOG-NET, MIC Customs, OCR GTM, Oracle, QAD Precision, SAP, S&P Global, Thomson Reuters and, WiseTech Global.
According to Akshaysingh Chandel, Analyst at Quadrant Knowledge Solutions, “Global Trade Management platforms are developing into a uniform and integrated goods and supply chain management platform to overcome the challenge of the friction caused by siloed operations of different supply chain teams. Global trade management vendors are increasingly integrating their transportation management platforms with global trade management capabilities to enable users to manage their comprehensive supply chain processes seamlessly with greater visibility, mitigate risks proactively, and control the export and import operations efficiently.” Akshay added, “Constantly balancing competing needs and rising costs is no easy task. Global trade teams work in a world where risk and reward are inextricably linked, and every detail counts. Change happens quickly and dramatically, from the warehouse to the White House, and uncertainty reigns supreme. Leaders in global trade management must not only evolve to meet today’s changes but also develop platforms and tools to ensure future agility and adaptability.”
According to Sujan Thomas Mathew, Analyst at Quadrant Knowledge Solutions, “Global trade has enabled companies to diversify their portfolio, reduce their production costs, and provide consumers with multiple choices at lower prices. A Global Trade Management (GTM) platform helps organizations to stay compliant with complex trade operations, country-specific trade regulations & compliance, documentation, and transportation/3PLs.” “Despite GTM solutions now becoming a vital requirement, some companies still operate legacy trade management systems, which see employees manually analyze multiple spreadsheets packed full of data. Due to the complex nature of the modern-day supply chain, lack of automation leaves room for human error and interpretation that could potentially result in severe consequences,” added Sujan.
According to Kumar Anand, Analyst at Quadrant Knowledge Solutions, “A Global Trade Management (GTM) software suite allows businesses to manage and streamline cross-border supply chain management. The suite enables organizations to manage trade finances, compliance, documents, shipment, and 3PLs efficiently and seamlessly. The suite centrally optimizes, automates, and monitors workflows to regulate the flow of information, finances, and goods and deal with the complexities of international trade involving multiple modes of transportation, trade parties, languages, time zones, and currencies.”
2022 Global Trade Management SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Global Trade Management
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