IBAT Topic No.10. Role of Technology in International Business and Trade.pptx

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1. ROLE OF TECHNOLOGY IN INTERNATIONAL BUSINESS AND TRADE page 01 PRESENTED BY: GROUP 6 PUJANES, JACKILYN PORIOL, JULIE ANN PUSING, RHIZA QUIJARDO, CHRISTIAN ROMERO, RICHEL ROSAL, JEMARIE

2. page 02 TOPIC DIGITAL TRANSFORMATION IN GLOBAL TRADE E-commerce facilitating transactions Blockchains ensuring secure and transparent trade FinTech innovations in global finance USE TECHNOLOGY IN FINANCIAL REPORTING AND COMPLIANCE AI-driven data analysis for fraud detection Automation in international tax compliance IMPACT OF AUTOMATION AND AI ON INTERNATIONAL BUSINESS AI-powered market analysis Chatbots for customer service in multiple languages Robotics in supply chain management

3. page 03 1.DIGITAL TRANSFORMATION IN GLOBAL TRADE 1.1 E-commerce and Online Marketplaces E-commerce platforms enable businesses to sell products internationally without physical presence in foreign markets. KEY BENEFITS DESCRIPTION EXAMPLES Global Reach Sell product worldwide 24/7. Amazon, Alibaba, Shopify Lower Cost No need for physical stores. Direct-to-customer(DTC) brands using digital platforms. Faster Transactions Automated payments and order fulfilment. PayPal, Gcash , Google Pay Illustration 1. How E–commerce Enables International Trade Automated Payment Global Shipping

4. page 04 1.DIGITAL TRANSFORMATION IN GLOBAL TRADE 1.2 Blockchain Technology in Trade Blockchain enhances security, transparency, and efficiency in global trade by providing an immutable ledger for transactions. USE CASE FUNCTION EXAMPLES Smart Contracts Automates payments when conditions are met . Ethereum -based trade settlements. Supply Chain Transparency Tracks goods from manufacturer to customer. IBM Food Trust ensuring product authenticity. . Fraud Prevention Prevents document tampering in trade finance. HSBC's blockchain -based trade finance transactions. Illustration 2: Blockchain in International Trade Delivery Confirmation

5. page 05 DIGITAL TRANSFORMATION IN GLOBAL TRADE 1.3 FinTech and Digital Payments in Global Trade Financial Technology ( FinTech ) simplifies cross-border payments through digital banking and decentralized finance ( DeFi ). FINTECH FUNCTION EXAMPLES Digital Wallets Secure and fast cross-border transactions. PayPal, Apple Pay, Google Pay. Cryptocurrency Payments Alternative payment method reducing conversion costs. Bitcoin, Ethereum in trade settlements. AI-Powered Fraud Detection Analyzes transactions to detect fraud. Mastercard's Al-driven risk assessment. llustration 3: How FinTech Improves Cross-Border Transactions Product shipped

6. page 06 2.Use of Technology in Financial Reporting and Trade Compliance 2.1 Financial Reporting Advancements through Technology Technology enables automated, real-time, and accurate financial reporting across multiple countries. TECHNOLOGY IMPACT ON FINANCIAL REPORTING EXAMPLES Cloud Accounting Software Automates payments when conditions are met . QuickBooks, Xero . AI-Powered Auditing Tracks goods from manufacturer to customer. Deloitte's Al-driven audits. Automated Tax Compliance Prevents document tampering in trade finance. SAP's Al-driven tax reporting. Illustration 4: Automated Financial Reporting Flow

7. page 07 2.Use of Technology in Financial Reporting and Trade Compliance 2.2 Trade Compliance and Regulatory Technology ( RegTech ) RegTech (Regulatory Technology) simplifies compliance with trade laws by automating customs declarations, sanctions screening, and fraud detection. REGTECH FUNCTION BENEFIT EXAMPLES Automated Customs Declarations Reduces errors and delays. Al-driven tariff classification software. Real-Time Risk Monitoring Identifies suspicious transactions. Thomson Reuters' Compliance Tracker. Sanctions Screening Ensures businesses comply with global trade laws. World-Check risk intelligence tools. Illustration 5: How RegTech Ensures Trade Compliance

8. page 08 3. Impact of Automation and Artificial Intelligence on International Business 3.1 AI in Supply Chain and Logistics Artificial Intelligence optimizes supply chains by predicting demand, reducing costs, and improving efficiency. AI Application Function EXAMPLES Demand Forecasting Predicts product demand trends. Amazon's Al-driven inventory management. Warehouse Automation Uses robots to fulfill orders. Tesla's automated logistics centers. Route Optimization Reduces transportation costs and delays. UPS using Al-powered route planning. Illustration 6: AI in Supply Chain Optimization

9. page 09 3. Impact of Automation and Artificial Intelligence on International Business 3.2 Robotics and Automation in International Manufacturing Automation in manufacturing improves efficiency, reduces labor costs, and enhances precision. Automation Technology Function EXAMPLES Robotic Process Automation (RPA) Automates repetitive tasks. Foxconn's robotic assembly lines. 3D Printing Enables decentralized manufacturing. Foxconn's robotic assembly lines. AI-Driven QualityControl Detects defects in production. Tesla's Al-inspected car manufacturing. Illustration 7: Automation in Global Manufacturing

10. page 10 3. Impact of Automation and Artificial Intelligence on International Business 3.3 AI in International Business Decision-Making Al helps businesses analyze markets, manage risks, and improve customer experiences.. AL FUNCTION BENEFIT EXAMPLES Market Analysis Identifies profitable markets. Google's Al-driven trend analysis. Risk Management. Predicts political and economic risks. Al detecting forex market fluctuations. Chatbots & Customer Support Automates global customer service. ChatGPT -powered virtual assistants. Illustration 8: AI in International Business Decision-Making

11. page 11 2.Use of Technology in Financial Reporting and Trade Compliance 2.1 Financial Reporting Advancements through Technology Technology enables automated, real-time, and accurate financial reporting across multiple countries. Technology Impact on Financial Reporting EXAMPLES Cloud Accounting Software Automates payments when conditions are met . QuickBooks, Xero . AI-Powered Auditing Tracks goods from manufacturer to customer. Deloitte's Al-driven audits. Automated Tax Compliance Prevents document tampering in trade finance. SAP's Al-driven tax reporting. Illustration 4: Automated Financial Reporting Flow

12. ROLE OF TECHNOLOGY IN INTERNATIONAL BUSINESS AND TRADE page 13 THANK YOU! As we look to the future, these technologies will play a crucial role in shaping a better world for generations to come.