Digital trade is a boon to consumers and businesses all over the world. But cyberspace is a Darwinian environment with predators and victims. Cyber criminals are fast and innovative. Defenders are too often slow and reactive. The risks, however, can be reduced and managed.
The scope and speed of cyber attacks show just how interconnected and fragile the infrastructure of global commerce is. It’s a vulnerability that criminals are all too eager to exploit: cybercrime is a booming international business.
Kicking-off the 2016 holiday season, Americans broke spending records on Black Friday and Cyber Monday. But the big story was how people shopped – online – and increasingly using their phones not just their computers.
Globally, e-commerce sales are projected to surpass $3.5 trillion within the next five years. China and the U.S. account for over 55 percent of global e-commerce, but digital consumption is growing around the world even in markets that still heavily operate on a cash-on-demand basis, like India. The major American e-commerce platforms Amazon and eBay are growing their share in overseas markets but they face stiff competition from companies vying for new online shoppers around the world.
The WTO Information Technology Agreement (ITA), which removes tariffs on information and communication technologies (ICTs), got an overdue upgrade last year when 24 participants representing 53 WTO members agreed to nearly double the products included in the agreement.
Thanks to international sales and partnerships, Batik Boutique empowers more than a dozen female artisans—who set their own wages and hours—to sell their creations to a global audience.
The story of our logo is a global design journey traveled seamlessly across several continents in a matter of days from concept to product.