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1、WQR1.DECONOMICFQRUMSupportedbytheMinistryofEconomyoftheUnitedArabEmiratesandAbuDhabiDepartmentofEconomicDevelopmentTradeTech:CatalysingInnovationINSIGHTREPORTJANUARY2024Images:GettyImages,MidJoumeyIncollaborationwithIBMCorporationContentsForeword3Executivesummary41 ThepathtoTradeTech52 Regulationand
2、bsiness-to-governmentrelationships92.1 Futurepublic-privatecollaboration113 1.ogisticsinformationsharing123.1 Futurelogisticsinformation144 Tradefinance154.1 Futuretradefinance175 Supplychainsustainability185.1 Futuresustainablesupplychains196 RealizingtheTradeTechviskx20Contributors23Endnotes24Disc
3、laimerThisdocumentispublishedbytheWorldEconomicForumasacontributiontoaproject,insightareaorinteraction.Thefindings,interpretationsandconclusionsexpressedhereinarearesultofacollaborativeprocessfacilitatedandendorsedbytheWorldEconomicForumbutwhoseresultsdonotnecessarilyrepresenttheviewsoftheWorldEcono
4、micForum,northeentiretyofitsMembers,Partners,orotherstakeholders.2024WorldEconomicForum.Allrightsreserved.NopartofthispublicationmaybereproducedOrtransmittedinanyformorbyanymeans,includingphotocopyingandrerding,orbyanyinformationstorageandretrievalsystem.January2024TradeTech:CatalysingInnovationFore
5、wordBorgeBrendePresident,WorldEconomicForumThanibinAhmedAlZeyoudiMinisterofStateforFcweignTradeoftheUnitedArabEmiratesAhmedJasimAlZaabiChairman,AbuDhabiDepartmentofEconomicDevelopmentGenerativeAlshockedtheworld.WhatwouldTradeTechneedtodotosimilarlygrabtheworld,sattention?Howaboutifitdecidedwhattotra
6、de?Howtotrade?Withwhom?Whatiftechnologyautonomouslyfinancedthattrade?Manufacturedproductsandmovedthemitself?Anddidsofaster,quicker,andmorest-effectivethaneverbefore?Thatisnotthefuture.Itisthepresent.Yettradestillhasoneftinthepast.Robotsaredoingpaperwork.Dronesneedrubberstamps.TheTradeTechinitiativei
7、saboutsteppingbothfeetintothefuture.Humancreativityisneeded.Tradeisglobalbutisalsofortheindividual.Envelopingtradeinaseaofinformationswellsatidalchangeinenvironmentalandsocialperformance,allalongthesupplychain.Masteringtradeinformationgeneratesunprecedentedefficiencyandaccuracyandevenuncannypredicti
8、vepower.Trade-as-a-servicedemocratisestrade.TheUnitedArabEmirates,asteepedinambitionandnon-stopinnovationcountry,hasbeenchosenasthedynamichubforthisendeavour.Buttheeffortisglobal-tradesfutureevolutiondemandsasenseofcollaboration,commonownership,andjointendeavourfromthefurthestreachesoftheglobe.Trade
9、rsandtechnologists,investorsandlogisticians,policymakers,andentrepreneurs-allarecomingtogethertohurtlethetradeecosystemintoanewera.Joinus!ExecutivesummaryFutureTradeTechcouldlinkeconomiesmoreefficiently,sustainablyandinclusively.TheTradeTechGlobalinitiativestrivestorevolutionizetradebyleveraginginno
10、vativetechnologiestostreamlinetradeprocessesandfosteramoreefficient,inclusive,sustainableandequitabletradingecosystem.Realizingthisvisionismoreeasilysaidthandone.Alongtheglobaltradevaluechain,numerouscountries,mpaniesandorganizationscollaborateintheproductionanddistributionofasinglegoodorservice.The
11、complexwebsofinteractionsinvolvedinglobaltradecomplicateeffortstooptimizethesystemsoperation.Whensupplychainparticipantstrytomaximizeonlytheirownself-interest,theoutcomeisfrequentlySuboptimalandcanleadtosignificantinefficienciesandmissedcollectivegoals.Someofthemostpromisinginnovationsofrecentyears-
12、distributedledgertechnology,robotics,artificialintelligence,machinelearning,automationandtheinternetofthings(IoT),forexample-offerstep-changeopportunitiesforglobaltrade.Thetransformativepotentialofthesetechnologiescannotberealized,however,unlessdiversemembersofthetradeecosystemcollaborateontheirdepl
13、oyment.ThisdocumentdoesnotpresentalengthylistofexamplesofTradeTechdeploymentorscenariosforfuturedevelopment.Rather,itncentratesonhowtoaccelerateecosystemdevelopment.TheTradeTechGlobalinitiativearticulatesavisionforhowdiverseinterestsinthetradecommunitycanworktogether-sharingcosts,hedgingrisksanddire
14、ctingsubstantialinvestments-toachievetechnologicaltransformation.Itfillsagapinglobalcollaborationbylinkingentrepreneursandinvestorswithregulatorsandestablishedindustryleaders,fosteringopendialogueandengagement.Theinitiativefocusesinitiallyonfourareasseenasripefortransformation:logistics,tradefinance
15、,carbonreductionandtradecompliance.Multistakeholderdialogueonthesetopicshasgeneratedthreebasictakeaways:- Takeaway1:Commercialactorswillneedtofindwaystocollaboratetoovercomenetworkbarriersandfirst-movercosts.- Takeaway2:Enablingregulationsandproactivegovernanceareessentialtofacilitatingtheexchangeofinformationandcreatinganenvironmentoftrust.- Takeaway3:Catalyticcollaborationsandpilotprojectsareneededatmultiplestagesoftechnologyintroductiontoacceleratetesting,demonstrationandscale-up.0ThepathtoTradeTechTradeTechbridgesthegapsthatemergeasinno
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