Happy New Year 2018!

The rise of e-commerce has brought significant changes to the global economy, altering industries and consumer behavior. However, it has also presented challenges and opportunities for supply chain management. E-commerce has led to an increase in demand for quick order fulfillment, requiring more sophisticated logistics networks and faster delivery services. Inventory management has become more complex, with the need for real-time visibility and accurate demand forecasting to prevent stockouts and overstocking. Achieving transparency across the supply chain is crucial for accurate and on-time order fulfillment, while managing returns efficiently is important for customer satisfaction and cost control. Integrating supply chain management with e-commerce platforms allows companies to provide a seamless shopping experience with real-time tracking information and multiple delivery options. An agile and responsive supply chain enables companies to adapt quickly to changes in customer demand and external disruptions, ensuring high levels of customer satisfaction and loyalty. By adopting automation and digital technologies, companies can lower costs, increase efficiency, and gain a competitive edge in the fast-paced e-commerce environment. So, there are Ecommerce challenges and opportunities for supply chain management.

A letter of credit(LC) is also named a documentary credit(DC) in globalized international trade. In recent times, banks utilize blockchain technology regarding the formulation of letters of credit . The ICC regulates market practices (Documentary Credit 600). These include the advising bank that will give the documentary credit to the beneficiary or their nominated bank and provide their nominated bank with any amendments to the letter of credit. The bank retains a certain percentage of the letter of credit value for security. Blockchain technology is available for the letter of credit procedure and trade finance is related to it. Commerce and international trade finance include products such as issuing letters of credit, indemnifying Bills of Lading, etc. Although the letter of credit was created in the old world, methods managing the shipping of goods and related accommodations. But there is a great potential to supersede these paper processes with digitized operations utilizing blockchain technology. International trade requires a number of participants to interact with one another, i.e., the exporters, importers, banks, shipping companies, port-related entities, and customs. Trade finance in supply chain management(SCM) includes products such as lending, issuing letters of credit, factoring, export credit, and indemnification. Therefore, we can say that  letter of credit and blockchain technology both are used in A Supply Chain for running international trade safely.

Introduction: LDCs are countries with poverty, human resource weakness, and economic vulnerability. Which conditions and criteria are reviewed by a UN and Social Council (ECOSOC) committee every three years. In International trade LDCs get some tariff and market access facilities. Canada is also providing some tariff and market access facilities to the LDCs,which includes many third world countries including Bangladesh, a country in the South Asian region. Hope the following narratives […]