Global trade is the backbone of any country’s economy. In this article, Kuljit Anand, a highly experienced and versatile Shipping & Supply Chain Professional based in Mumbai, discusses the changing landscape of shipping in global trade from an Indian perspective.
We are getting close to full visibility and accountability in the shipping and freight business, thanks to blockchain.
Here’s how. Blockchain-based solutions align accountability with responsibility and create a neutral layer that incentivizes greater sharing of data.
We talked with OriginTrail CEO Tomaž Levak about how that works. “By performing consensus checks in each step of the supply chain we are effectively creating a single version of truth and supply chains with integrity,” Tomaž explained.
“Such end-to-end visibility can, in turn, be used to overcome not only data fragmentation but can support various other use cases.”
Since the time of opening up for global trade circa 1980 to becoming an economic superpower in the 2000s and till now, China has come a long way in terms of global trade..
China’s growth in the last 30 odd years has however been marred by allegations of Chinese exporters or traders being fraudsters and scam artists creating a notoriety for them among global traders..
Even on this blog, there have been a few real-life examples and case studies from readers not happy about the way some Chinese companies/people have conducted business with them..
So has this situation changed or gotten any better..?? Should we still source from China..??