Demand for Global Trade Management (GTM) has exploded. Per the World Trade Organization, Global trade grew 13.5% in 2010, 2010 represents the fastest year-over-year growth ever recorded since 1950. Businesses are not ready for this influx of global trade due to the IT demands needed to work through the Global Trade Regulations. Knowing the need exists for a more robust IT footprint to accomplish increased global trade through-put, ARC Advisory Group expects a 9.4% annual increase in GTM software through 2014. Burdened with this slow and costly process, companies find themselves operating inefficiently and remaining compliant to constant updates and regulations difficult to maintain. Any organization able to capture this small to midsize business market could profit handsomely for quite some time.
Read more in the Logistics Management online article: Realizing Global Trade Management Potential