It is widely acknowledged that being successful in global trade depends on some parameters.
a significant number of people believe that well-connected and low-
is a key factor for global firms which aiming at reaching top-class level, others argue that advanced
plays an important role in their success. I strongly believe that
and type are a main consideration for international
to maximise their profits
minimising their operating
costCheck wording
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.
essay will elaborate on both sides and my position.
On the one hand, the means of
and
are the main drivers of business models.
is because when
produce their
, they have to transport them to selected destinations,
as ports, customers, or other plants. These destinations are generally far from their production sites;
, they have to pay substantial costs to transport their
to reach them, and they have to deliver on
.
it builds a trust relationship with customers, which is crucial for their operations,
can only manage their internal business. To illustrate, when
don't deliver their
on
the lack of well-connected
, they may face serious penalties, forcing them to pay an excessive amount of penalties that increase their
.
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' profits and success depend on
and
.
, advanced
has positive consequences in the long term for
. It allows them to process a large amount of data that determines their productivity and efficiency at work.
is because data collection and processing require great consideration, which would be manageable by using some AI tools,
as machine learning algorithms,
it takes a long
to be completed when people do it.
, it
enables instant communication between partners and operations that are located in different countries.
, Starbucks uses a logistic regression model to promote their
, allowing them to review millions of feedback to improve services.
, there is a strong relationship between business success and
, encouraging
to reduce their excessive workload.
In conclusion,
many people believe that advanced
is vital for being successful in international trade, I firmly believe that optimising
would be more beneficial for them because they can reduce their operational costs, which means a substantial amount of money, and they can deliver their
to their customers on
by following a tight schedule.