2
International Trade
1.
Section 1.4 (Chapter 1) in the textbook describes international trade drivers,
including cost, competition, market, and technology drivers. Which two drivers will
be most important for optimizing the first mile of international trade in 2023? Why?
In 2023, cost and technology will be the two most important drivers for global trade
optimization. Cost is a primary driver of international trade because it pushes businesses to
increase their sales worldwide to recover their high investment cost. In addition, the ability of
companies to cut costs allows them to stay competitive and provide their customers with better
products at lower prices (Mercado, 2020). Technology is also an essential driver of international
trade because it makes it easier for businesses to operate in any region worldwide. The use of
technology has become so widespread that almost every business has access to it, regardless of
location.
2.
Describe how each of the seven last-mile logistics delivery and eCommerce trends
described in the Supply Chain 247 article titled "7 Last Mile Logistics Delivery &
Ecommerce Trends You Don't Want to Overlook" will influence international trade
in 2023
As globalization continues, international trade is expected to grow even more. This
means that companies will need to be able to manage their supply chains and deliver products
from one country to another efficiently. The Gig Economy & crowd-sourcing trend has the
potential to create new markets for goods and services that are not currently being shipped
internationally. Using smart technology will help companies track their orders from start to
finish, allowing them to identify any issues with shipping or tracking as early as possible. Robots
will be used in place of humans at specific points during delivery processes. Companies that use
