TradeCard’s cloud-based platform for global trade and supply chain collaboration supported a 47% increase in transaction value in 2012 compared with 2011 due in large part to increased sourcing activity from Vietnam, Indonesia, Bangladesh, Sri Lanka, Thailand and Malaysia.
TradeCard has continued to expand its product offerings to provide more support and transparency to trading partners, as well as streamlining the operational efficiency of trade transactions.
According to the company, achievements in 2012 included:
- TradeCard added more than 3,000 trading partners and signed deals with several major brands, including Coach, Guess Europe and Acushnet, provider of golf brands Titleist and FootJoy.
- TradeCard launched Trade Xpress™ to transform how manufacturers conduct business with multiple buyers. The cloud-based solution enables suppliers to manage all customer orders, payments and factories in a centralized system.
- TradeCard launched a partnership with International Finance Corporation (IFC), the private investment arm of the World Bank, to provide access to trade financing for companies in emerging regions.
TradeCard has invested years in building its platform and trading partner network, and now provides services to over 10,000 brands, retailers, suppliers and service providers operating in 78 countries. The 2012 volume increase reflects not only the beginning of world economic recovery, but also the increasing appeal of the firm’s range of services, especially to manufacturers.
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