The current commercial wars and the inconsistent price announcements in the United States, Europe and China have created chaos on the financial markets and world commercial networks.
Many companies feel the consequences of this new economic reality, transactions delayed to increase the costs of goods and bilateral trade to increasing demands of commercial compliance.
The World Trade Organization recently adjusted its commercial projections for 2025 accordingly. The World Trade Organization has said that there will be a substantial drop in the trade in goods and a minor drop in services trade, mainly driven by new North America projections of a 12.6% drop in exports and 9.6% of imports in 2025.
The new commercial environment provides fertile field to technological companies in order to develop new AI offers that help companies to raise awareness, monitor, calculate, compliance, risk management and customs documents and payments.
The offers are diverse. Several AI companies focus on automating the classification of goods and related tariff calculations while improving commercial compliance. This complex process has always been one of the most difficult parts of international trade. For example, Avalara, an American software company, has developed its automated pricing code classification Avalara, an AI -based system designed to simplify and accelerate the tariff classification process.
Conversely, governments use new AI technologies to help them better monitor and manage customs and prices. Scantech AI Systems, an American technological company based in Georgia, has developed its latest technology, CustomStace AI. It helps state agencies to identify and verify property sensitive to national borders and to prevent unauthorized or illegal imports of limited articles.
While Trade Wars companies force to adjust their supply chains, their stock management and the locations of manufacturing facilities to optimize free trade and shipping costs, it must be supported by sophisticated data management systems. Thus, other companies develop offers fueled by AI for shipping and customs processes to respond to labor and shipping problems. Avathon, an industrial AI company based in California, has introduced AI software that provides risk management solutions for the entire process.
While Trade Wars global discussions are cooling to help the financial markets to recover, AI technology companies must maintain a sustainable business model to continue their growth, regardless of market conditions.