How to Address the Growing Skills Gap In Global Trade Management

In today’s rapidly evolving landscape of global trade, businesses face an unprecedented challenge in finding talent with a diverse range of business and technical skills.

The Thomson Reuters Institute (TRI) Global Trade Report 2022 highlighted the critical need for professionals who possess the technical know-how of an engineer, the legal sense of an attorney, the scrupulousness of an accountant, the organizational skills of a project manager, the business acumen of an executive, the cultural awareness of a diplomat, and the communication skills of a leader. As the global trade industry undergoes rapid transformations and technology becomes integral to trade operations, companies are struggling to find skilled professionals who can keep pace with the demands of the trade ecosystem.

Download the Whitepaper to Explore the Key Insights:

Discover the key insights and strategies to address the growing skills gap in global trade management. Our comprehensive whitepaper provides valuable information on how businesses can successfully navigate the challenges and opportunities presented by the evolving global trade landscape.

Key Insights:

  • Over three-quarters (77%) of global trade professionals worldwide face difficulties in finding talent to fill key roles due to the industry’s rapid evolution. As a result, 45% of companies are contemplating outsourcing to address the skills gap.
  • The role of global trade managers has expanded from traditional compliance obligations to becoming a central hub connecting multiple departments within organizations. This increased integration and data exchange necessitate professionals with broader skill sets.
  • Technology is at the core of modern global trade operations, offering increased efficiency and compliance. However, companies must simultaneously invest in upskilling their workforce to leverage the full potential of trade technology.
  • Successful global trade professionals today require a multifaceted skill set that includes strong communication and leadership abilities, legal expertise, data analytics proficiency, business acumen, problem-solving skills, and cross-cultural awareness.
  • Implementing a state-of-the-art Global Trade Management (GTM) system provides companies with a competitive edge. GTM software enables supply chain visibility, risk management, compliance, and strategic decision-making.

Don’t miss this exclusive opportunity to gain invaluable insights into addressing the growing skills gap in global trade management. Act now and download the whitepaper to unlock your organization’s full potential in the world of international trade!

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