A recent Gartner survey finds that 70% of supply chain leaders are planning to invest in the circular economy in the next 18 months. “Already, 35% of companies believe that digital technology will be a key enabler for their circular economy strategies, but very few are leveraging existing technology for this purpose yet,” says Sarah Watt, senior director analyst with the Gartner Supply Chain practice.

Sensors and satellite imagery combined with other technologies that provide additional data points can be used to trace carbon footprints, illicit discharge and water pollution, and enforce environmental standards for sustainably-caught seafood. Many of these same technologies can also be used to track controlled technologies, from an export controls perspective, throughout global value chains.


Techno-nationalism, accelerated by the COVID pandemic, has disrupted supply chains and global commerce. But the need to manage new risks brings additional pressure for innovation to the TradeTech field, which, in turn, has spawned new ecosystems of Fourth Industrial Revolution technologies and businesses. These solutions provide transparency and traceability in supply chains, which facilitate commerce; as well as offering small and medium-sized enterprises the possibility to better connect to the global marketplace.

Core elements of TradeTech are expanding into new areas, creating new ecosystems and spilling over into other sectors, and have become important drivers on the journey towards a more just and sustainable economy.

To read the original article from the World Economic Forum, please click here

Alex Capri, Visiting Senior Fellow, Business School, National University of Singapore

Wolfgang Lehmacher, Operating Partner, Industrial Innovation Partners, Anchor Group