Standard Chartered: Saudi firms lead in trade digitalization
A report from Standard Chartered shows that Saudi companies are leading globally in the digitization of trade, with a strong focus on cloud infrastructure, data integration, and automation. 57% of enterprises plan to invest in digital financing platforms, and 50% in cash flow management and cybersecurity, which helps cut costs by at least 10% and enhances rapid response to disruptions. Additionally, the percentage of companies using early or advanced digital tools reaches 77%, and businesses are reaping clear benefits from digitizing supply chains and logistics. Projections suggest that accelerated digitization will contribute to increasing global trade volume by 6.9%, valued at approximately $2.8 trillion by 2031.
Notice: This Is an AI-Generated Summary
Comments (0)