trade policy

76 articles

New Supply Chain Sustainability

Here's how a company's financial and sustainability goals can align.
Kelly Barner | Buyers Meeting Point

The Sustainable Supply Chain Foundation defines sustainable supply chain management as “integrating environmentally and financially viable practices into the complete supply chain lifecycle, from product design and development to material selection (including raw material extraction or agricultural production), manufacturing, packaging, transportation, warehousing, distribution, consumption, return and disposal.” Here’s how we often look at supply chain […]

Reimagining Financial Services with Blockchain

Organizations can unlock substantial economic value using blockchain technology.

Across every industry today, organizations are looking to streamline and automate processes to reduce costs, gain efficiencies, radically improve speed to market and achieve better business outcomes. The financial services industry in many ways is at the forefront of such initiatives – with particular focus on today’s disjointed and redundant processing and reconciliation challenges – […]

Why Blockchain Matters

Blockchain has the potential to disrupt more facets of your life than perhaps any other technology. Here’s what you need to know.

In 2016, more than $1.4 billion was invested globally in blockchain startups. IBM invested $200 million and 1,000 employees in the technology. Walmart, IBM and Tsinghua University in Beijing are running a pilot project for tracking and tracing pork in China and produce in the U.S. Among companies in consumer goods and manufacturing, 42 percent […]

TFA’s Benefits Extend Well Beyond Cutting Red Tape

The Trade Facilitation Agreement will bolster governance in developing nations.
Russell Hillberry | Purdue University

Late last month, the World Trade Organization celebrated the entry into force of the Trade Facilitation Agreement (TFA), a global effort to streamline government procedures governing international trade. The primary goal of the agreement is to improve the efficiency and effectiveness of agencies that oversee trade, especially in developing countries, by reducing bureaucratic red tape […]

How Blockchain Can Restore Trust In Trade

During a time when transparency matters more than ever, enter blockchain.
Jesse Mcwaters | World Economic Forum

Wolfgang Lehmacher | World Economic Forum

International trade is under pressure. Fears fueled by the global refugee situation and terrorist threats have led to tighter border controls – and these come at a cost. Every inspection of goods, every stop along the supply chain, eats up time and drives up prices. It harms businesses and consumers alike. Those involved in international […]

3 Ways a New Customs Agreement Makes it Easier to Meet Global Demand

The new TFA is changing the way goods cross borders and move around the world.
Laura Lane | UPS

The newly minted Trade Facilitation Agreement (TFA) is a game-changer for the way goods cross borders and move around the world. At UPS, the seamless movement of packages is our lifeblood — so we are excited by this World Trade Organization (WTO) agreement, which ushers in a new global framework of rules that make trade […]

Breaking Down Supply Chain and Logistics Trends in 2017

In a society surrounded by digital innovations, companies must stay ahead of the trends to survive.
Ludger Schuh | INFORM GmbH

“The digital transformation is no longer just a buzzword.” This was a fitting conclusion from Prof. Dr. Raimund Klinker at last year’s international logistics congress in Berlin. For several years now, processes (especially in logistics, but also in many other economic areas) have become more and more digitalized. This trend will continue for the next […]

6 Issues That Will Shape the EU in 2017

The EU reflects on past issues to identify challenges and opportunities in 2017.
Carl Bildt | European Council on Foreign Relations

A year ago in Davos, the World Economic Forum Global Agenda Council on Europe published a short report: Europe: What to watch out for in 2016-2017. We noted that the EU “seems to be moving from one emergency to the next” and that “Europeans have taken their eyes off more profound long-term challenges.” We concluded […]

Can Trade Take Cambodia from Darkness to Prosperity?

On the rise, Cambodia aims to be a developed country by 2050.
Pan Sorasak | Royal Kingdom of Cambodia

Ratnakar Adhikari | Enhanced Integrated Framework

This past summer, the World Bank officially upgraded Cambodia to a “lower‑middle‑income country,” a move that confirms the country’s upwards economic trajectory during the past 20 years. But despite this new status, which Cambodia shares with 51 other economies, including India, Vietnam and the Philippines, the country is still mostly associated with darker images: landmines, civil war […]

TED@UPS: What if Trade Was Used to Fight Terrorism?

When goods cross borders, armies stay home.

Romaine Seguin believes in the power of trade. That’s because she’s seen first-hand how trade can transform impoverished communities around the world. Learn more about this important issue by watching Romaine’s talk from TED@UPS 2016 below, and then check out our most recent conversation with Romaine about her experience as a TED speaker. Q. What […]

Navigating the New World of Industrial Buying

Caught in a digital tsunami? Here are five ways industrial manufacturers and distributors can ride the wave.

The landscape of industrial manufacturing retail is changing. New market forces are at play, nudging buyers to move away from traditional, channel-centered sales and venture into a world where multiple complementary sales channels operate in tandem – the omni-channel arena. So what’s going on? The rise of online sales has fostered an ever more exacting […]

This Tiger Still Has Teeth

Chinese exporting has slowed, but leading manufacturers are implementing innovative logistics practices to regain their momentum.
Richard Loi | UPS

Chinese exporters dominated the global manufacturing game for so long that it was easy to believe their domination would continue indefinitely. But the evidence is increasingly clear: The world’s second-largest economy — an economy that boomed in recent decades thanks, in large measure, to exports — needs to change the way it does business as headwinds threaten future growth. The […]

‘Good’ Countries Export More

New research finds that soft power pays.
Anne Kim | Republic 3.0

Countries that enjoy a positive world image may also reap an economic reward: more exports. According to new research published by the National Bureau of Economic Research, perceptions of a country’s “positive or negative influence in the world” is directly correlated to its sales to other nations. “Countries tend to do well by doing good,” […]

5 Ways to Make Global Trade Work for Developing Countries

Meeting complex and opaque rules can be especially difficult for developing nations. Here's why.
Joakim Reiter | UNCTAD

In 2016, the growth of world trade will be at its slowest since the financial crisis of 2008, reports the World Trade Organization (WTO). Despite the increased protectionism that followed the crash, traditional trade barriers, such as tariffs, are at historical lows. Despite this, the flow of goods and services between countries remains one of […]

The Future of Trade, Inequality and Globalization

There's a lot of noise around trade these days. Let's see where trade could actually take us in the years ahead.
Anabel González | World Bank Group

Anabel Gonzalez, senior director for the World Bank Group’s Trade and Competitiveness Global Practice, offers her views on mega-regional trade agreements, the role of trade in reducing inequality and the importance of international cooperation and domestic policies in making globalization work for all. What is the importance of trade in the global economy? AG: International […]

Rough Trade: The Global Economy Needs a Jumpstart To Benefit All

Can the Trans-Pacific Partnership (TPP) and other new pacts get the flow of goods and business relationships going again?
Andy Meek | The Guardian

The global economy has expanded greatly since the early 1980s, thanks to technology breakthroughs, the opening of markets and trade being more accessible. Today, trade generates $15 trillion annually. Nearly $5 trillion in goods and services flows in and out of the U.S. alone each year. This development has affected people across socioeconomic classes.  Former […]

What the Trans-Pacific Partnership Means for the West

Although conversations about TPP usually focus on Asia, we should also examine its potential impact in the Western Hemisphere.
Eric Farnsworth | AS/COA

Trade is never a popular topic in a presidential election year, but 2016 may prove to be an inflection point. For the first time since the Depression, the presumptive candidates of both major political parties have spoken skeptically about trade, one even suggesting that he would renegotiate existing agreements including NAFTA. [Also on Longitudes: The Urgency […]

Shining a Light on Trade

Defenders of free trade need a better pitch amid growing skepticism of the global movement of goods.
Laura Dawson | Canada Institute

As an idealistic graduate student, I was convinced that trade agreements were bad for everybody except large corporations. I went to school in British Columbia, Canada, determined to show how trade exploited farmers, fostered inequality and stifled progress. Then a funny thing happened: I proved myself wrong. Confronted with the evidence – much to my […]

The Latin Term Every Exporter Should Know: De Minimis

Fulfilling your retail dreams around the world is mission possible.

Nearly three years ago, Will Green set out on a mission to fulfill his dream of providing fashionable, ethically produced vegan shoes to everyday people around the world. His vision was to provide customers with the latest fashions at fair prices, all without hurting animals or people in the process. Will soon set up shop […]

At the Heart of Free Trade

Here’s what the exchange of goods between the U.S. and Canada can teach us about the state of trade today – and its future prospects.

With free trade under relentless attack in certain political circles, it’s time for a reality check. We shouldn’t shut down borders. The U.S.-Canada trade lane, for example, is proof of the transformative power of the global movement of goods. The U.S.-Canada story is a story of opportunity, one of neighbors innovating together to tackle challenges […]

The Urgency of Trade and TPP

In a world that is being rewired and transformed, policy must keep pace, starting with approval of the largest and most far-reaching free-trade agreement in history.
Mark Wallace | UPS

The following is based on a speech given by Mark Wallace, UPS senior vice president of global engineering and sustainability, at the Global Supply Chain Summit in Washington, DC. The world is well along with what history will show as a great rewiring. This rewiring is massively and permanently changing global interconnections that have structured […]

The Global Village in Your Pocket

How global value chains and effective supply chains create the products we use today.

Have you ever considered how many people contributed to the smart phone you carry around with you? This practically essential electronic device is made of hundreds of parts collected from dozens of places around the world. It’s pretty staggering to consider just how that works. And increasingly, this is the new reality of commerce. Across […]

Workers Unite for TPP

The Trans-Pacific Partnership could have a positive impact on income inequality.
Robert Z. Lawrence | Harvard Kennedy School

Median household income in the United States has stagnated for decades and one way to boost that income could be to reap more gains from trade. Trade supports higher-paying jobs, increases the innovation and productivity growth that are necessary to support sustained increases in living standards and also expands the purchasing power of consumers. The […]

Reason, Reality and the Future of Trade

Candidates’ opposition for trade agreements overlooks their wide-ranging benefits
David Abney | UPS

The following is based on a speech given by UPS Chief Executive Officer David Abney at the Metro Atlanta Chamber of Commerce’s Global Impact Awards event on April 20, 2016. Trade isn’t getting much love these days. Maybe you’ve noticed. I read the other day that trade bashing has replaced kissing babies as the most […]

How to Help Entrepreneurs in Developing Countries

By bringing together public- and private-sector support for digital trade, the Global Fund for Ecommerce could help developing country entrepreneurs go global.
Kati Suominen | Nextrade Group, LLC

E-commerce has emerged as a powerful driver of economic growth, inclusive trade and job-creation worldwide. Yet while research shows e-commerce dramatically increases the odds for small businesses to stay in business, export and grow, most businesses around the world have yet to use the tools of 21st century trade — especially in developing countries. A […]

The Challenge of Transformation

Innovative and flexible supply chains are needed to help Southeast Asia live up to its potential.
Mark Wallace | UPS

The following is based on a speech given by Mark Wallace, UPS Senior Vice President-Global Engineering and Sustainability, at the Harvard Asia Business Conference in Cambridge, Mass. In the second of a two-part series, Wallace focuses on the transformation of Southeast Asia.  Click here to read part one. As Southeast Asia prepares to emerge from China’s […]

What Does it Mean to Trade in the 21st Century?

Today’s trading environment must adapt to global supply chains and the potential of e-commerce.
Laura Lane | UPS

When 12 senior representatives announced the highly anticipated conclusion to the Trans-Pacific Partnership negotiations in October 2015, U.S. Trade Representative Mike Froman heralded the deal as an agreement tailored for the modern economy. “In addition to liberalizing trade and investment between us, the agreement addresses the challenges our stakeholders face in the 21st century while […]

PODCAST: Jeremy Rifkin on the Next Industrial Revolution

Part one of a set.
Brian Hughes | UPS Longitudes

  You probably know a little bit about the Industrial Revolution or even the Second Industrial Revolution. But what if I told you we’re now on the cusp of another industrial revolution, a Third Industrial Revolution, to be exact? This era will usher in a fundamental reordering of human relationships, changing the way we conduct […]

Lives over Landfills

Destined for the trash heap, unused, unopened and quality medical supplies could prevent millions of deaths.
Charles Redding | MedShare

Nearly 6 million children died last year before their fifth birthday. Around the globe, that’s 16,000 kids per day, 700 per hour and 11 per minute. Tragically, more than half of these early child deaths could have been prevented with access to simple, affordable medical care, according to the World Health Organization. At the same […]

La Vía Rápida A La Oportunidad Económica

Para las compañías mexicanas y estadounidenses, el comercio transfronterizo puede desatar un potencial ilimitado.
Augie Picado | UPS

A menudo, el comercio es descrito como un juego que no suma, en el que una nación sólo puede destacarse en detrimento de la otra. La evidencia más notoria de esta falacia es la floreciente relación entre los Estados Unidos y México. A modo de contexto, todos los días, EE. UU. y México intercambian 1.4 […]