At Sibos, the topic of trade digitalisation was buzzing with discussion. However, in order for the industry to make significant progress, it’s essential for all stakeholders to align their efforts. Pamela Mar, Managing Director of ICC Digital Standards Initiative (DSI), is at the forefront of addressing this issue.
In a recent interview with TFG, she emphasised the strides made in trade digitisation in 2023. These advancements include the creation of enabling conditions for businesses to digitise their supply chains, global digital standards development, and the importance of adoption by businesses.
Pamela also highlighted the launch of the FIT Alliance, a collaboration BIMCO, the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Associations (FIATA), the International Chamber of Commerce (ICC), and the Society for Worldwide Interbank Financial Telecommunications (Swift).
Aimed at promoting the digital delivery of trade data. The alliance seeks commitments from all supply chain stakeholders, emphasising a future of paperless trade, starting with electronic bills of lading. As the industry progresses toward a digital future, Pamela Mar and organisations like ICC DSI are playing a pivotal role in shaping the landscape of trade finance.