Kati Suominen, Nextrade Group Founder and CEO, visits FRT to share her insights on the new paradigm for international trade. Kati describes how we may be on the verge of a new era in globalization, in which the focus of trade shifts from goods to bytes.
Kati describes the impact of innovative new technologies on trade patterns, as in particular the vast improvements in 3D Printing capabilities that are enabling more distributed manufacturing, as well as the greater customization that customers are increasingly demanding. Kati outlines how the primary focus in trade will increasingly move from finished goods and parts to data: the intellectual property and patterns.
Kati also highlights impacts for customs and freight patterns, and she discusses potential opportunities and challenges in bringing innovation to trade finance.