Digitalisation

Digitalisation

Digitalisation offers the potential to help address challenges and gives market participants the opportunity to transform a system of global trade that has changed very little in the last century.  The move to electronic documents will empower our businesses with more efficient processes, more control, with instant transfer of cargo ownership, allowing for reliable collaboration between all participants in the chain.

With the UK Law changing such that electronic bills of lading have the same legal status as their paper equivalent, the time has come to move away from paper, embrace digital technologies for electronic documents and accelerate the transformation of global trade.

Global Agri Commodity Trade Supports Digitalisation letter
In an exciting seminar attended by key players from across global agricultural commodity trading, industry leaders came together to present current trends, legal advances and to publicly sign an official letter promoting the advancement of digitalisation across the sector.

The signing of this letter signals the enthusiasm of all stakeholders to drive forward digital initiatives, including e-Bills of Lading receiving the same legal status as paper ones. By embracing various technologies, the sector aims to encourage innovation, safety and transparency; improving operational efficiency, lowering costs, and strengthening the resilience of global food and agricultural supply chains which unites us all. Download the letter

If you would like to add your signature to the letter, contact junearnold@gafta.com

The agri-digital age press release, 4 Feb '25
The event brought together stakeholders from all corners of the sector, including trading houses, banks, digital platform providers, law firms and more. This collective show of support underscores the industry’s dedication to adopting innovative technologies that streamline operations and unlock value across the entire trade ecosystem. Download the press release

To find out more about Gafta's work in this field, or to get involved, please see the following: