Cybersecurity Today
Today Ransomware1 is still the most impactful type of attack a business must endure, and despite businesses continuing to invest in cybersecurity (84% last year2), nearly half felt they still weren’t prepared for the next attack. One of the dangers is that Ransomware is no longer just that; we now see attacks leveraging the broadest […]
Digital negotiable instruments ideally suited to combating late payment
Matthew Hatton, Head of Product Innovation, Traxpay “Government efforts to tackle late payments will bring great benefit to all those in supply chains, especially SMEs” “Awareness of these instruments will spread at pace, and it is up to solutions providers to bring the innovation” This month, stricter payment rules for UK government contractors have come […]
Digitising Trade
British Chambers of Commerce “Digitalising trade holds the key to simplifying the global system, reducing barriers, and bringing markets and businesses closer together” Digitalising trade holds the key to simplifying the global system, reducing barriers, and bringing markets and businesses closer together. Done properly, it can share the benefits of trade more equitably in the […]
Paper, but better
Sarah Green, Law Commission “…were the question simply to be what medium would be the best vehicle in practical terms of recording and transferring rights, obligations, liabilities and assets, paper is simply not the answer” Nobody wonders why we no longer use clay tablets to communicate in written form. At one point in history, such […]
A Better Tomorrow™ for Sustainable Global Value Chains
By John O’Reilly, Group Head of Procurement, Strategy & Sustainability, BAT “We recognise the need for everyone to cut emissions and to increase the engagement with their value chain on this topic” At BAT, we believe businesses and their network of suppliers play a critical role in tackling climate change by helping us to reduce […]
Contents
02 ForewordLord Offord of Garvel CVC, Minister for Exports and Parliamentary Under Secretary of State 04 Foreword Chris Southworth, ICC United Kingdom 06 Contents What’s inside this issue 09 Section one: Shaping the Future Trade Ecosystem 10 Reshaping Trade with Emerging Technologies: Opportunities, Challenges and Next Steps 20 From Documents to Data: Assembling the building […]
Navigating the five main challenges facing UK businesses in 2024
UK businesses are grappling with a multitude of challenges, ranging from economic volatility to technological disruption. Each requires strategic mitigation. Let’s look at the main challenges facing businesses today, and the potential insurance strategies that manage them. Economic uncertainty The UK’s economic landscape remains uncertain, influenced by factors such as the Brexit aftermath, fluctuating inflation […]
Digital Negotiable Instruments: reimagining global trade finance
By: Kalyan Basu, MD & CEO, Vayana TradeXchange & Dominic Broom, SVP Working Capital Technology, Arqit. “As more countries and businesses adopt digital trade practices, we stand at the dawn of a global trade revolution that promises to redefine the dynamics of international commerce” It’s perfectly possible that you may have missed recent developments in […]
Sustainability in the age of digitalisation
Sustainability in the age of digitalisation including digital trade driving sustainability, how sustainability matters for business and how to start on your supply chain sustainability journey. How to Start on your Supply Chain Sustainability Journey
Digitalising trade to unlock the UK’s economic growth potential
Hemita Bhatti and Ana Sofia German,Institute of Export and International Trade “The digitalisation of trade is transforming the landscape of global commerce. It significantly enhances the scale, speed and accessibility of trade, and expands the range of goods and services that can be exchanged cross-border” The digitalisation of trade is transforming the landscape of global […]
UK exports and growth: Trade digitisation taskforce aiming to break the cycle of inefficiency
Building on Barclays’ partnership agreement with the Department for Business and Trade, a new trade digitisation task force, co-chaired by Barclays and ICC United Kingdom, was established in 2023 to promote the digitisation of trade. The UK’s minister for exports, Malcolm Offord, officially launched the group at the House of Lords in mid-July. Jaya Vohra, […]
New version of Global Trade Modernization Index launches to accelerate digital trade
“The Index aims to enable a conversation with policymakers about building the capabilities that support an economy and its businesses to engage fruitfully in digital trade” The ICC Digital Standards Initiative, the Asia Global Institute and Milken Institute have announced the launch of the BETA version of the Global Trade Modernization Index (GTMI) in Hong […]
