Future of International Trade (PDF)

FUTURE OF INTERNATION AL TRADE DMITRIEVA ELENA  Introduction The future of international trade is a dynamic landscape shaped by a confluence of technological advancements, geopolitical shifts, and evolving consumer preferences.  Digita...

FUTURE OF INTERNATION AL TRADE DMITRIEVA ELENA  Introduction The future of international trade is a dynamic landscape shaped by a confluence of technological advancements, geopolitical shifts, and evolving consumer preferences.  Digital Transformation Emergi Sustainability and Circular Economy ng Regional Economic Integration Trends Services Trade in Trade Digital Transformation E-commerce The rise of online shopping platforms is driving global trade, as more people gain access to the internet. Blockchain Technology Blockchain is a decentralized digital ledger that securely stores records across a network of computers in a way that is transparent, immutable, and resistant to tampering AI and Machine Learning AI-driven tools are empowering businesses to make data-driven decisions and optimize their international trade operations. Sustainability and Circular Economy Green Trade Sustainable practices are becoming a cornerstone of international trade Circular Supply Chains Businesses are adopting circular economy principles to minimize waste, maximize resource efficiency, and create sustainable value chains. Regional Economic Integration Regional Regional Trade trade agreements like the Agreements EU, ASEAN, and USMCA Emerging regional economic framework Reshaping the geopolitical landscape and influencing trade patterns. Services Trade Digital Services The increasing trade in digital services, such as software, IT consulting, and online education, is expanding market access and driving economic growt  Geopolitical Tensions and Future Protectionism Challenge Supply Chain Resilience s and Cybersecurity Threats Opportuni ties Geopolitical Tensions and Protectionism Trade Wars and Tariffs Protectionist measures and trade disputes can disrupt global supply chains and hinder economic growth Diversification Businesses Strategies may need to diversify their supply chains and explore new markets to mitigate risks associated with geopolitical uncertainties Supply Chain Resilience Disruptions and Risks Global supply chains are vulnerable to disruptions caused by natural disasters, pandemics, and geopolitical events. Resilient Supply Chains Building resilient supply chains, including diversification, redundancy, and digitalization, is crucial to mitigate risks  Cybersecurity Threats Data Breaches and Robust Cybersecurity Cyberattacks Measures The increasing reliance on Implementing strong digital technologies in cybersecurity measures, international trade exposes including data encryption, businesses to cyber threats firewalls, and regular security audits, is essential to protect sensitive information.  Predictions and Scenarios A More Digital and Data- A Greener and More A Geopolitically Driven World Sustainable Future Complex Landscape Thank you