5 Technologies That Will Change Global Trade In 2022

Happily Trade January 21, 2022

The next era of technologies is currently reshaping global markets and the economy through trade. The overall effect of the new technologies is unpredictable, but under future potential scenarios, they could reduce goods trade while increasing data and service flows. Previous research by several global trade data companies has found evidence of technologies boosting data and service trade.

The global trading system is no stranger to technological change. Globalization was founded on the creation of shipping containers. Technologies such as QR codes, OCR, and RFID have proven to be quite valuable, and basic digitization of trade documents has enhanced the international trade’s reliability and efficiency.

Our team of global import export data has penned down five technologies that will change global trade in 2022.

1. Digital Platform for Trading Services

Previously, such professional services were mostly delivered in person, but digital platforms seamlessly connect customers and service providers. With online platforms like Upwork, it’s easier to sell services online – for different tasks and services users can easily find service providers from all over the world.

Digital Platform for Trading Services

2. Mobile Payments

Mobile money accounts were a crucial driver for digital payments, particularly in developing nations, as the number of people who got access to bank accounts climbed by 25%. Mobile payments are revolutionizing the world in which we live and linking more individuals to potential opportunities, from PayPal to Apply Pay to Alipay.

Mobile money accounts for export import data

3. 3D Printing

The impact of 3D printing on global trade is significant, especially as faster and less expensive 3D printing methods become accessible. According to some analyses, once increased 3D printing becomes widely used and affordable, global trade might drop by as much as 25%, as 3D printing requires less labor and lowers the necessity of imports.

4. Blockchain Based Solutions

The global trade supply chain can be significantly affected by blockchain and blockchain-based technology. Additionally, trade organizations have initiated an endeavor to use blockchain technology to address global trade challenges such as lack of information, safety, and high prices.

5. Machine Learning & Artificial Intelligence

To maximize trading, machine learning and artificial intelligence can be utilized. AI is being added to create global trade sustainable, in addition to efficiency and better customer service. Governments and other organizations can use it to spot questionable conduct and build long-term policy.

At Happily Trade we offer global import export data which have become increasingly important on a global scale with global trading companies in recent years. With our import export data you can easily discover the right partner for your business, find sales prospects, and determine the size of the market and other important information to maintain a stronghold in the business. Meet our experts in the business and get the right information to flourish your business without any hassle.

Leave a Reply

Your email address will not be published. Required fields are marked *