Aerospace and defense industries encounter stringent trade compliances. Operating in the global environment, aerospace and defense industries face complexities owing to the control of International Traffic in Arms Regulations (ITAR) on import/export of defense-related goods and services. GTM solutions and services enable aerospace and defense companies with automated capabilities to manage the import/export by providing automated functions for documentation, licensing, and restricted party screening.

Frequently Asked Questions

  • What are the key drivers and opportunities for Global Trade Management Software market?
    The key drivers such as increasing complexities in global trade, changing government rules and regulations pertaining to foreign trade, increasing transportation costs, and increasing investment in global logistics infrastructure are responsible for the growth of the global market. The top opportunities include: Advanced features to link with existing corporate systems and SaaS Model for global trade management
  • What are the key features of Global Trade Management Software and where it is used?
    Global trade management solutions offer advantage to organizations to, manage trade efficiently across various regions. Global trade management solutions are being used across several industry verticals such as transportation and logistics, government and public, healthcare and life sciences, aerospace and defense, manufacturing, consumer goods and retail, energy and utilities.
  • How does the market estimate for Global Trade Management looks like in coming years?
    The global trade management market is expected to grow from USD 645.2 million in 2017 to USD 1,034.2 million by 2022, at a Compound Annual Growth Rate (CAGR) of 9.9%.
  • Who are the key target audience for GTM software?
    The target audience are: Enterprise users, Trade organizations, Government agencies, Industrial users, Freight forwarders, Global trade management vendors.
  • What are new solutions which the global trade management companies are exploring?
    GTM solutions address the requirements of logistics management, regulatory compliance, import and export processes, and financial information of an organization. These solutions streamline and automate business processes and enable businesses to determine the total landed cost. The implementation of trade management solution helps increase productivity, allows real-time access to different supply chain components, and increases visibility across the entire organization
  • Which are the key players in the market and how intense is the competition?
    The major vendors that offer global trade management solutions and services across the globe are Amber Road, Inc. (US), Aptean (US), Descartes (Canada), SAP SE (Germany), Integration Point, Inc. (US), Oracle (US), Precision Software (US), QuestaWeb, Inc. (US), Livingston International (Canada), MIQ Logistics (US), Thomson Reuters (US), and MIC Customs Solutions (Austria). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their offerings in the global trade management market.

Global Trade Management Software in Aerospace and Defense

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Amber Road Global Trade Management software has gained a competitive advantage by offering clients with trade content, such as Harmonized Schedule (HS) codes, customs, and duties for 145 countries. Its market-leading trade content empowers clients with a precise master data to enable automation of export control processes. The company addresses the dynamic market by empowering clients with advanced sourcing capabilities and improved supply chain visibility. In order to efficiently meet the specific requirements of its global client base, the company provides GTM solutions through the SaaS model. Amber Road GTM provides a subscription-based Export On-Demand solution to streamline the compliance processes.
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Oracle Global Trade Management Software empowers client with cloud services to classify products and manage the export compliance effectively. It also offers client a single platform to manage the clients entire trade activities, including logistics, customs, and cross-border compliances. Furthermore, Oracle Global Trade Management Cloud empowers clients by enabling them to maximize the value and minimize the risk throughout the entire supply chain.
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SAP Global Trade Services (GTS) offers competitive advantage to its clients by boosting the productivity of business processes through automation of compliance tasks, compliance check in real-time, validations of order with regulations, and reduction of costs related to global trade duties, taxes, and compliances. SAP GTS can be easily integrated with the supply chain systems of an organization. SAP Global Trade Management Software offers a cloud platform for the SAP GTS, which helps clients with reduction in the total cost of ownership and maintenance.
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MIC offers competitive edge through its country specific solutions that caters regional and national requirements of clients. The companys solutions offers client advantage of transparency and cost savings across entire supply chain. The solutions follows customs and trade compliance essential for client to remain competitive in global market. The solutions can be deployed on-premise or can be availed as software-as-a-service. Moreover, MIC offers expertise in product implementation and integration with clients existing systems.
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Apteans solution, TradeBeam GTM, ensures the protection of organizations from loss, pertaining to trade privileges, fines, and prosecutions. TradeBeam GTM facilitates the streamlining of trading processes on the SaaS platform. It is delivered on a highly secure, multi-tenant cloud-based platform. Apteans supply chain solutions ensure the management of every aspect of the supply chain, including inventory, suppliers, delivery times, transportation partners, customer service, and the global competition. The companys Supply Chain Management (SCM) solutions provide a competitive advantage to clients by automating the processes and offering the clients with visibility for every supply chain process, in order to identify and respond to fluctuations.
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MIQ Logistics offers solutions with the web-native technology to empower clients with enhanced transportation networks and efficient supply chain. MIQ Logistics GTM solution ensures regulatory compliances while offering several advantages to clients, including mitigations of supply chain disruption and the capability to take informed decisions about sourcing and transportation. The companys solutions help clients in gaining better control of their shipments, thereby helping them increase the performance of supply chain and achieving savings, pertaining to supply chain.
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The Trade Management program from FARROW provides clients a real experience of the customs department. The client has the advantage of highly trained and experienced professionals managing the complete process right from procurement to the payment. The platform provides a comprehensive approach to routine customs activities.

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EDI Solutions from enVista provide EDI Software and Advanced Trading Partner Management for Omni-Channel Brands the ability to seamlessly exchange data with trading partners and across the retail network. They decrease invoice processing costs, advance customer service, and enable progressive trading partner management.

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CargoWise One is a one-stop software solution which is intended to increase productivity and expand incorporation, automation, and communication with the supply chain. The solution integrates business activities with clients and business partners. It automates the process and further increases efficiency, reach, profits, and operational productivity. The solution meets the diverse needs of niche industries.

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Global Trade Management software by BPE Global is a comprehensive solution that selects and implements trade management software. The solution focuses on a particular methodology which begins by drafting business requirements, selecting vendors, implementing software, training users, and maintaining the software.

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