A Business Perspective on TradeTech Adoption: Survey Results

The report identifies the primary barriers to TradeTech adoption as prohibitive costs, restrictive regulations, and a lack of skills. It highlights that lack of visibility most significantly hinders transportation and logistics planning and supplier management. To promote sustainability, businesses cite insufficient infrastructure and high capital investment as the top challenges. The survey suggests that public-private partnerships are most needed for standardizing data and document requirements and improving the willingness to share data across supply chains.

• The most significant barriers to the adoption of TradeTech are the prohibitive cost of technology (67%), restrictive regulations in countries where suppliers or other players are located (65%), and a lack of skills (55%).
• Lack of visibility in the supply chain most severely impacts transportation and logistics planning, including transport tracking (62%), and supplier management and coordination with upstream and downstream partners (61%).
• The primary challenges for reducing environmental impact and promoting sustainability are insufficient infrastructure, support and incentives for sustainable transportation solutions (63%) and high capital investment for eco-friendly technologies (61%).
• Public-private partnerships are most urgently needed to support the willingness to share data across the supply chain (41%) and the standardization of data and document requirements and interoperability of systems (49%).

APA

World Economic Forum (2024). A Business Perspective on TradeTech Adoption: Survey Results. https://www3.weforum.org/docs/WEF_A_Business_Perspective_Survey_Results_2024.pdf

Chicago

World Economic Forum. A Business Perspective on TradeTech Adoption: Survey Results. 2024. https://www3.weforum.org/docs/WEF_A_Business_Perspective_Survey_Results_2024.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=A Business Perspective on TradeTech Adoption: Survey Results |date=February 2024 |url=https://www3.weforum.org/docs/WEF_A_Business_Perspective_Survey_Results_2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2024business, author = {{World Economic Forum}}, title = {{A Business Perspective on TradeTech Adoption: Survey Results}}, institution = {World Economic Forum}, year = {2024}, month = feb, url = {https://www3.weforum.org/docs/WEF_A_Business_Perspective_Survey_Results_2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }