Using AI to Discover Optimal Business Partners in Global Trade
Published on: December 4, 2023.
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Revolutionizing International Trade with Cutting-Edge AI Tools
Securing reliable business partners in international trade has always been a complex and challenging task. Evaluating potential partners solely based on their online presence is not foolproof, and conducting in-person visits can be time-consuming and costly. To overcome these obstacles, professionals in the export-import industry are turning to innovative AI tools.
One such tool is Volza, an AI-enabled trade data portal that provides a comprehensive global trade database. Volza arms users with essential information about active exporters and importers, including their export-import experience, current buyers and suppliers, transaction frequency, pricing, shipment volumes, and trade history. With this wealth of data, users can confidently assess and choose suitable business partners.
Vijay Sethia, Director of Chamanlal Sethia, one of India’s leading rice exporters, attests to the transformative impact of these tools. Sethia states that trade data portals have empowered them to expand their business operations dramatically. Instead of spending years on marketing, traveling, and product sampling, importers and exporters can now efficiently identify trustworthy partners in just a matter of hours.
Volza stands out from other trade databases like Panjiva and ImportGenius by covering trade data for more than 80 countries, compared to the limited coverage of the other platforms. Michael Robinson, Director of Volza, emphasizes their mission to expedite the process of identifying suitable business partners and make it quicker, more cost-effective, and feasible.
These AI-powered platforms also overcome the hurdle of procuring direct contact details for key decision-makers. Volza’s built-in function provides access to contact information and even links to LinkedIn profiles of relevant stakeholders.
The integration of AI and big data technologies into international trade is revolutionizing the industry. Platforms like Volza are making the identification and evaluation of business partners more efficient and reliable. As these technologies continue to evolve, their impact on facilitating international trade will only expand, promising a seamless and confident future for global business expansion.
