The Role of Technology in Increasing International Trade Efficiency

International trade is an integral part of the global economy, and technology plays an important role in increasing efficiency in this sector. In the digital era, various technological tools and systems have changed the way businesses interact, manage supply chains, and facilitate cross-border transactions. One of the most significant technological innovations is the supply chain management (SCM) system. This technology allows companies to monitor every stage of production and distribution in real-time, reducing operational costs and increasing transparency. With technology integration, companies can respond to market demands more quickly and efficiently. Apart from that, information and communication technology (ICT) also contributes greatly to accelerating the international trade process. E-commerce platforms, such as Alibaba and Amazon, have connected manufacturers and consumers around the world, eliminating geographic boundaries. With just a few clicks, businesses can conduct international transactions, which previously required significant time and expense. The use of big data and analytics is also key in improving business decisions. Companies can analyze market demand trends and consumer behavior to determine more appropriate marketing strategies. This not only increases efficiency but also minimizes the risk of losses due to wrong decisions. Blockchain technology is another innovation that promises to strengthen reliability in international trade. With a decentralized system, blockchain enables product tracking from source to consumer, ensuring the authenticity and security of information. This is important in reducing fraud and increasing trust between parties involved in international trade. From a logistics perspective, automating the goods delivery process through the use of drones and autonomous vehicles can reduce transportation time and costs. This innovation can also overcome delivery challenges in remote areas, expanding market access for small and medium businesses. The existence of fintech (financial technology) also has a positive impact on the efficiency of international transactions. With fast and cheap digital payment solutions, companies can easily carry out cross-border transactions without relying on traditional banking systems. This makes cash flow smoother and encourages more investment in global trade. The role of technology in increasing the efficiency of international trade cannot be underestimated. Through integrated and sustainable innovation, business people can face global challenges, take advantage of new opportunities, and increase their competitiveness in international markets. Thus, technology is not only a tool, but also the key to success in international trade.