Connectivity across the globe has reached unprecedented levels, significantly transforming the way supply chains operate. According to the 2024 Global Supply Chain Promotion Report, new technologies, innovative business models, and fresh practices are reshaping key industries worldwide.
In an exclusive interview, Aaron Liu from CGTN spoke with Zhou Jinzhu, director of the Department of International Trade Research at the China Council for the Promotion of International Trade (CCPIT). Zhou highlighted how advancements in technology are bridging gaps between markets and enhancing efficiency.
“We are witnessing a historic moment where connectivity is not just linking places but creating smarter, more resilient supply chains,” Zhou stated. “Innovations like artificial intelligence, blockchain, and the Internet of Things are revolutionizing how businesses operate globally.”
The report emphasizes that these technological advancements enable companies, especially in developing regions, to participate more actively in the global market. This development offers new opportunities for young entrepreneurs and professionals in the Global South to engage with international trade like never before.
Furthermore, the adoption of sustainable practices and innovative business models is making supply chains more adaptable to the changing economic landscape. Zhou believes that this trend will continue to grow, fostering a more inclusive and connected global economy.
As connectivity reaches historic levels, it’s clear that the future of global trade lies in embracing these technologies and innovations. For the younger generation, especially in the Global South, this presents a chance to be at the forefront of a rapidly evolving international commerce scene.
Reference(s):
cgtn.com
