We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Big gains for trade management software
Forward Thinking

Big gains for trade management software

September 22, 2008
Supply Chain Quarterly Staff
No Comments

One sure sign that global supply chains are expanding: Sales of global trade management (GTM) software are soaring. According to the research firm ARC Advisory Group, sales of this application totaled US $503 million in 2007 and will reach US $814 million in 2012.

One reason why ARC forecasts a 10percent compounded annual growth rate is that companies need help keeping up with changing global trade regulations. GTM software also helps with navigating trade finance, often provides shipment visibility, and assists with procuring ocean and air shipping services. Adding to its popularity is that some vendors offer it under a "software as a service" model. This allows users to "rent" the software, which is delivered over the Internet, avoiding the headaches that come with buying and installing licensed packages.

Article Figures
[Global trade growth boosts software sales]
[Global trade growth boosts software sales] Enlarge this image

Although enterprise resource planning (ERP) vendor SAP is the largest player in the GTM market, "best of breed" vendors also offer top-rated solutions, says ARC. "This is an interesting market, where the growth of ERP suppliers with global trade management solutions does not come at the expense of certain types of best-of-breed solutions," said analyst Steve Banker.

[Source: Global Trade Management Worldwide Outlook: Market Analysis and Forecast Through 2012, ARC Advisory Services, July 2008]

  • Related Articles

    Warehouse automation market set for long-term gains

    Veho gains $170 million backing for crowdsourced parcel delivery platform

    Drone builder Zipline gains $250 million investment for “instant logistics” deliveries

Recent Articles by Supply Chain Quarterly Staff

BrightDrop delivers 150 electric parcel vans to FedEx network

Survey: 90% of procurement leaders will tweak operating models to cope with economic outlook

J.B. Hunt trials self-driving trucks in Texas pilot

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • How to resolve your inventory dilemma

  • Container prices continue to drop

  • Regionalized supply chains: the key to resilience

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Case Study: Peak Teams helps boost headcount quickly on a short-term project

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing