The value of this digital trade is variously estimated as being between $250 and $450 billion dollars.
Today the transformation of the global supply chain is being evidenced by:
A reconstruction and democratisation of the global supply chain
The emergence of a massive number of platforms facilitates digital trade
The replacement (and supplement) of “real” goods by digital goods, and increasing value being added by digital wrappers
What does reconstruction and democratisation of the supply chain mean?. It means that the digital flow of information, searches, transactions, and communication media (voice, video, chat, data) and intra company traffic has grown, and digital products and services has surged. The penetration of the Internet and access to and by business users of all sizes and location, together with changes such as robotics and 3D printing, has altered who participates in the global supply chain and also where and how products are made.
The massive penetration of the Internet, and the access to and by business users of all sizes, together with robotics and 3D printing, has altered who participates in the global supply chain and also where and how products are made.
As the Internet and connectivity explode so it further democratises the supply chain. Beyond big corporate, existing flows are deepening; micro finance platforms provide capital, SMEs and solo-preneurs can be micro nationals and even the smallest business can be born global. Every day 360 million people engage in cross border commerce.