Digital Era in Foreign Trade

Digital Era in Foreign Trade

The change in trade conditions in the world has led to an increase in competitiveness. Therefore, this change in competition conditions affected many dynamics on a sectoral basis. Consumer habits, needs, and ways of doing business have also changed rapidly, mainly due to the diversification of market conditions and increased use of web applications and mobile devices. Due to all these reasons, we are going through a speedy process in which every remaining sector almost drifts out of the lane. Foreign trade and logistics, shown as one of the most important fields of the 21st century and where the highest development is expected together with information and gene technologies, needs to adapt to these changing conditions, evolve and develop new technologies.

What industry experts know best is that the size of trade grows in proportion to the width of the service network. For this reason, the business volume of companies that sell abroad is also quite large. Ultimately, the main thing is that both parties gain in a trade. This situation is so critical that even e-commerce companies tend to sell abroad. On the other hand, sales abroad is an action that develops the term "export" and affects foreign trade.

What is Export and E-export?

Imports and exports constitute a country's foreign trade balance and can be briefly defined as "sales abroad." In general, export; means the export or sale of a product outside a country's customs borders or free zones within the scope of the applicable export and customs regulation. Of course, export is a situation that covers not only traditional trade but also e-commerce. For this reason, entrepreneurs can export electronically through e-commerce sites. So what is e-export? E-export is the process of selling abroad over the Internet. You should start electronic exports if you serve in the ever-growing e-commerce sector and want to expand overseas.

Why Should You E-Export?

If you own an e-commerce company, you always aim to advance your company. This is precisely why you should do e-export. Because e-export is one of the peaks of e-commerce. Regardless of Europe, America, Asia, or the Middle East, your brand is growing if a person or institution prefers an e-commerce site in your country instead of an e-commerce site in their own country. Therefore, the fact that your institution is a global brand means that you have already surpassed your local competitors in Türkiye.

The Situation of E-logistics in Türkiye

Now let's look at e-logistics, another renewed field of foreign trade. Of course, logistics is an integral part of import and export in the traditional sense. After all, correct supply chain management is a situation where everyone will be profitable. Although more than 1500 logistics enterprises are registered with logistics and transportation sector associations such as UND, UTIKAD, RODER, and KARID in Türkiye, many companies implementing e-logistics need to be improved. This will cause a decrease in your business volume in logistics, depending on the developing technology in the future.

Benefits of E-logistics Applications to Businesses

Utilizing information technologies used in logistics activities.
Performing business activities faster and more efficiently with low cost and fewer mistakes.
Customers' knowledge of a wide range of markets.
Businesses can monitor their customers' needs more effectively.
Time and place utility.
Facilitating internal and external communication
Increasing the service diversity of the enterprise.

Software Used in Logistics Activities