Articles
From friction to flow: How deep tech can enable digital trade and strengthen the UK's global competitiveness
Most UK businesses now accept that trade needs to go digital. What's holding them back however is finding technology that businesses can trust, and which can connect with the systems their partners and customers already use, to remove paperwork entirely.
International trade is worth around £1.266 trillion to the UK economy and in 2025 the UK exported £927 billion in goods and services combined.
Activity on this scale depends on trade moving efficiently across borders, yet much of the infrastructure behind it has changed little over the last few decades.
Despite sustained endeavours to digitalise, a considerable proportion of cross-border trade still runs on paper. The documents issued by a carrier to a shipper that detail the type, quantity,…
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