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Articles by Gert Sylvest
Transforming the buyer-seller relationship for a troubled world
By Gert Sylvest (pictured) Co-Founder & VP of Network Products, Tradeshift No one gets a breathing space from history, but there’s a bitter irony to the speed with which we’ve lurched from one global crisis to a very different kind of human tragedy. There is to be no post-Covid grace period, no holiday from history: beyond the horrific events unfolding in Ukraine, uncertainty is once again rippling across the global business community.
Where Supply Chain Digitalization Went Wrong
Nowhere has the Coronavirus disease (COVID-19) pandemic revealed such deep-rooted inadequacies as in the global supply chain. In the years leading up to COVID-19, the digital revolution promised to transform international trade, and it did. Lean manufacturing techniques, just-in-time supply chains, hyper-specialized production lines and a host of other practices brought large-scale efficiencies, and most importantly for the customer, cheaper goods. Everyone was a winner, until the tide went out.
McKinsey: Will Climate Change Affect Your Supply Chain?
As extreme weather events sweep the world, companies must find ways to deal with consistent supply chain disruption The verdict is out. , as climate change worsens, the world will face more frequent and severe extreme weather events—hurricanes, tsunamis, and floods. Inevitably, these will interrupt production, increase sourcing costs, and cut into corporate revenue. We’ve already realised how fragile the global supply chain is post-COVID. Unfortunately, climate change will make it worse.
Why digitalising the supply chain requires a fresh approach
Digitalisation is difficult, but it can transform an organisation if approached from the correct angle says Gert Sylvest, Co-founder and GM, Tradeshift Wise people learn from others’ errors, and smart supply chain operators can take an invaluable lesson from one of the biggest business blunders this century: the Airbus A380, the bold, beautiful, brilliant disaster that nearly bankrupted the world’s biggest airliner manufacturer.
Question Answered: Paper-free trade
This issue’s question “Despite much talk of AI and blockchain, many people still argue that it is not possible to have paper-free trade documentation. Are they right?” Daniel Cotti MD Centre of Excellence Banking & Trade Marco Polo Network For hundreds of years, trade finance has been essential for both domestic and cross-border trade flows. Currently, these transactions are responsible for a significant portion of global trade – 80-90% of global trade relies on some type of trade finance.
7 Myths That Fuel Blockchain Hysteria
Rather than jump on the bandwagon, you need to understand what blockchain can and can't do. Opinions expressed by Entrepreneur contributors are their own. The future for blockchain-based systems is promising, but we need to be very clear about what blockchain can do that no other technologies can to today. Otherwise, its value will be obfuscated by a wave of misguided pilots.
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