Manufacturing industries, such as automobiles, computer and electronic product manufacturers, textile mills, and metal manufacturers, operate globally and rely heavily on the global trade for the supply of raw materials and distribution of finished products. Most of the manufacturing plants have been set up in developing countries, such as India, China, and Brazil due to low labor costs and easy availability of raw materials while these finished products are traded in the mature regions, such as the US, the UK, and Germany. Thus, it is a challenge for the manufacturing industries to track suppliers and shipments while complying with rules and regulations of different countries. GTM solutions offer manufacturing industries with an efficient platform to collaborate with a large number of suppliers across regions, while also providing them with the ability to track and monitor shipments.

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 Manufacturing

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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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Integration Point offers Global Trade Management software to its client as a single integrated platform that can manage the entire operations, pertaining to supply chain and global trade. The companys solutions facilitate clients by providing several benefits, such as opportunities for savings, automation of compliance processes, and improved visibility across the supply chain. The solutions offer a competitive edge using the companys highly secure and scalable architecture platform.
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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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The Global Trade Management suite by Thomson Reuters comes with various software dedicated to individuals tasks and automate the process in order to increase the efficiency and reduce the human efforts. Some of the software are – Global Trade Classifier, Export Management, Import Management, Denied Party Screening, Trade Analysis, Supply Chain Compliance and many more. This suite simplify entire global trade management process with trade compliance information and facilitation tools.

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Livingston is a globally renowned organization that offers clients a vast expertise, pertaining to trade compliance and customs brokerage. The company offers clients with a set of GTM solutions, including import operations solutions, global product data management, export operation solutions, and the US/Mexico border solutions. Furthermore, the company also offers freight forwarding and international trade consulting services across the globe. Furthermore, it offers industry-specific solutions for various industries, including agriculture, technology, oil and gas, heavy equipment, automotive, pharmaceutical, food, and retail. The company offers its solutions and services across the regions of North America, Europe, MEA, and Latin America. Livingston International, Inc. was founded in 1945 and is headquartered in Ontario, Canada. Livingston is a globally renowned organization that offers clients a vast expertise, pertaining to trade compliance and customs brokerage. The company offers clients with a set of GTM solutions, including import operations solutions, global product data management, export operation solutions, and the US/Mexico border solutions. Furthermore, the company also offers freight forwarding and international trade consulting services across the globe. Furthermore, it offers industry-specific solutions for various industries, including agriculture, technology, oil and gas, heavy equipment, automotive, pharmaceutical, food, and retail. The company offers its solutions and services across the regions of North America, Europe, MEA, and Latin America.
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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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GT Nexus, along with Integration Point, plans to develop the most comprehensive global trade management solution which will integrate all fundamentals of global trade management, including logistics, trade finance, trade compliance, trade content, customs filing, and duty optimization. The platform will help clients of GT Nexus to automate their routine processes and streamline businesses to enable high growth and profitability.
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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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PRECISION Global Trade Management software offers a competitive advantage to its clients through its innovative products and services, which empower them to reduce transportation costs, avoid delays at trans-border crossings, and helps them mitigate the risks related to the dynamic global trading environment. Precisions services assures clients with on-time deployment and helps them maximize benefits through efficient implementation of its solutions.
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Descartes assists in maximizing the value of trade data by helping organizations work cleverer. The complete suite of solutions helps organizations to achieve insightful information, higher trade compliance rates, and leverage marketing research to eliminate the risk of transactions with the denied clients and lower duty spend. Descartes Global Trade Content solutions tie people and technology with the trade info they need to help influence international commerce and improve compliance.

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QuestaWebs prime focus is on offering its clients Integrated Global Trade Management Software Suites to cater to the specific requirements of various ecosystem players. The company offers various benefits to clients such as tracking of goods flow across the global supply chain, and reduction in operational & inventory costs. QuestaWeb provides Integrated Global Trade Management Software Suites for importers, exporters, for FTZs, trade gear for importers and exporters, customs house brokers, import freight forwarders, export freight forwarders, importer security filing solution providers, assessment managers and Customs-Trade Partnership Against Terrorism (C-TPAT) and FTAs.
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Global Trade Reviews is a service offered by Trident Global that provide the finest preparation capabilities in global trade and logistics management to companies. To offer the highest precision and efficiency, experts work with the exporters to design and automate business processes to advance performance and returns and reduce costs. This process allows consultants to review and inspect an organization’s existing operations, events, processes, risk management procedures, and internal controls in a strategic manner.

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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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Effivity's cloud-based trading management system - MyEasyTrade is a comprehensive solution for all trading management problems. MyEasyTrade allows enterprises manage trading with the greatest ease by providing features such as - Order Management, Supply Chain, Logistics Management, Business Intelligence, and Accounting & Documentation.

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BluJay Global Trade Network version 19.0.0 delivers expanded multimodal capabilities, new integrations, and additional countries and languages to help companies manage trade and the movement of goods around the world. BluJay’s cloud-based technology platform delivers an ecosystem of supply chain applications powered by its Global Trade Network (GTN).

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OCR is the leading provider of global trade management software and solutions for a diverse range of industry verticals. OCR’s Global Trade Management Software is implemented by industry leaders to facilitate their import/export processes. The OCR Import Export Compliance software certifies that supply chain processes follow customs compliance as well as other regulations levied by government organizations.

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MercuryGate is enhancing its complete global offering over an OEM agreement with Integration Point, a leading provider of Global Trade Management (GTM) solutions. The company deals with various global customers and is a leader in TMS solutions. The integration of TMS with GTM is helping enhance, systematize, and monitor cross-border transactions, and augment the entire global supply chain as well as decrease risk.

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Softlink develops advanced and superior technology products & solutions for clientele in the logistics, freight forwarding, warehouse, transport, customs, and supply chain businesses. The company has enabled restructuring operations of the global logistics & freight forwarding industry by helping them to overcome commercial trials and accomplish growth. It offers various products such as Logi Sys, Logi Sys Pro, Live Impex, and Visual Impex to cater solutions to various industries.

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The Global Trade Management Solution provided by PUREDOT is acknowledged worldwide for enhanced and smooth trade between two countries. The solution provides expertise in export and import management along with supply chain solutions. The client is given the benefit of exporting as low a quantity as 100 pcs,  which is a highlighted feature of this solution.

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eCustoms has developed Visual Compliance that is an export compliance software which is upgraded consistently providing users the access to the most current regulatory content and Denied Party Lists. It also assures that the users can perform ECCN classification of their goods with minimum efforts. The company also offers an OFAC Compliance Software Solution which is critical to assure that the users do get into agreements with people or high risk countries designated by OFAC on its watch lists. eCustom's Visual NAFTA is a web-based NAFTA and FTA software solution is created to reduce the user's customs duties.
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