Question

List 10 trade trends and explain the importance of trade trends to international business? Also explain which trends impact the businesses most?

No palagirsm please

Answer 1

The trade trends which can impact the international business are:-
1) Rise of protectionism and hence higher trade barriers
2) Change in consumer preferences
3) Rise in shipping freights that can increase the cost of cross border trade
4) Increase concern about global warming
5) Rise of information technology and its usage in global supply chain
6) Introduction of technology such as block chain to have better reliability in supply chain
7) Use of AI and machine learning in global trade
8) Use of new financing terms and techniques for global trade
9) Rise in income trends in the emerging economies also
10) Gradual ageing of population in the developed world

The above trends would impact the international business as it could impact the volume of the trade and also the originating place and destinations of the trade. It could also thus have a bearing on the trade routes followed by shipping lines and also lead to formation of new banking and trade finance institutions.

The most important trend is likely to be the emergence of AI and machine learning and the impact they would have in the consumer market and also the global trade.