Digital Trade Platforms and Their Impact on Global Commerce
-
DOI:
https://doi.org/10.67228/3071642X/IJCFDE-2020PI7X3RPublished 01-02-2020
Digital Trade Platforms, Global Commerce, E-Commerce, International Trade, Digital Economy, Cross-Border Trade, Supply Chain Management, Trade Facilitation, Digital Transformation, Online Marketplaces Issue
Section
ArticlesHow to Cite
Perera, N., & Jayasinghe, T. (2020). Digital Trade Platforms and Their Impact on Global Commerce. International Journal of Commerce, Finance and Digital Economy, 3(1), 01-14. https://doi.org/10.67228/3071642X/IJCFDE-2020PI7X3RAbstract
Digital Trade (DT) platforms have transformed global trade by integrating digital technologies, online marketplaces, payment systems, logistics networks, and data-driven processes. These platforms reduce transaction costs, improve market accessibility, enhance supply chain visibility, and enable small and medium-sized enterprises (SMEs) to participate in international trade. Technologies such as cloud computing, big data analytics, and electronic payment systems allow businesses to connect with global customers efficiently through B2B, B2C, and C2C marketplaces. Digital trade platforms facilitate information exchange, procurement, logistics coordination, and customer engagement while supporting transparent transactions and streamlined customs procedures. Secure payment gateways, digital contracts, and reputation systems further strengthen trust among trading partners. However, challenges including cybersecurity risks, regulatory uncertainties, digital divides, and privacy concerns remain significant. This study examines the impact of digital trade platforms on market access, operational efficiency, supply chain optimization, and business competitiveness using secondary data and comparative analysis. Findings reveal that digital trade platforms increase trade volumes, reduce costs, accelerate market entry, and improve customer reach. Businesses adopting these platforms demonstrate greater agility, innovation, and data-driven decision-making capabilities. The study concludes that digital trade platforms are essential drivers of modern international trade, and continued investment in digital infrastructure, regulatory harmonization, and technological innovation is necessary to maximize their economic benefits.
References
[1] G. Parker, M. Van Alstyne, and S. Choudary, Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You. New York, NY, USA: W. W. Norton & Company, 2016.
[2] T. Eisenmann, G. Parker, and M. Van Alstyne, “Strategies for two-sided markets,” Harvard Business Review, vol. 84, no. 10, pp. 92–101, 2006.
[3] J. Hagiu and J. Wright, “Multi-sided platforms,” International Journal of Industrial Organization, vol. 43, pp. 162–174, 2015.
[4] J. Manyika, S. Lund, J. Bughin, and others, Digital Globalization: The New Era of Global Flows. McKinsey Global Institute, 2016.
[5] A. Enders, H. Hungenberg, H. Denker, and S. Mauch, “The long tail of social networking: Revenue models of social networking sites,” European Management Journal, vol. 26, no. 3, pp. 199–211, 2008.
[6] S. K. Srai and H. Lorentz, “Developing design principles for the digitalisation of purchasing and supply management,” Journal of Purchasing and Supply Management, vol. 25, no. 1, pp. 78–98, 2019.
[7] M. Christopher, Logistics and Supply Chain Management, 5th ed. London, U.K.: Pearson Education, 2016.
[8] K. Schwab, The Fourth Industrial Revolution. Geneva, Switzerland: World Economic Forum, 2016.
[9] R. Baldwin, The Globotics Upheaval: Globalization, Robotics, and the Future of Work. New York, NY, USA: Oxford University Press, 2019.
[10] M. Porter and J. Heppelmann, “How smart, connected products are transforming competition,” Harvard Business Review, vol. 92, no. 11, pp. 64–88, 2014.
[11] N. Kshetri, “The emerging role of big data in key development issues: Opportunities, challenges, and concerns,” Big Data & Society, vol. 1, no. 2, pp. 1–20, 2014.
Downloads
How to Cite
Perera, N., & Jayasinghe, T. (2020). Digital Trade Platforms and Their Impact on Global Commerce. International Journal of Commerce, Finance and Digital Economy, 3(1), 01-14. https://doi.org/10.67228/3071642X/IJCFDE-2020PI7X3R
Similar Articles
- Johan Håstad's mentor Arne Andersson, Börje Langefors, Analytical Models for Investment Portfolio Optimization , International Journal of Commerce, Finance and Digital Economy: Vol. 7 No. 1 (2024)
- Dr. S Chandrasekar, E. Ebenezer, An Empirical Study on Quiet Quitting and Its Influence on Teachers in Educational Institutions , International Journal of Commerce, Finance and Digital Economy: Vol. 9 No. 2 (2026)
- Dr. R. Karthi, M. Hemaladevi, Study on Changing Consumer Behaviour towards Sustainable and Eco-Friendly Palm Leaf Products in Mayiladuthurai , International Journal of Commerce, Finance and Digital Economy: Vol. 9 No. 2 (2026)
- N. Seshagiri, Big Data Analytics in Corporate Financial Planning , International Journal of Commerce, Finance and Digital Economy: Vol. 7 No. 1 (2024)
- R. Priyanka, A. Arthi, A Study on Employee Engagement and Its Impact on Productivity at Cri Pumps Private Limited, Coimbatore , International Journal of Commerce, Finance and Digital Economy: Vol. 9 No. 2 (2026)
- Narendra Karmarkar, Quantum Computing Applications in Financial Modeling , International Journal of Commerce, Finance and Digital Economy: Vol. 8 No. 2 (2025)
- Dr. Mohammed Asif Khan, Dr. Shalini Gupta, Temporal Causal Inference Models for Early Warning Signals in Consumer Credit Deterioration , International Journal of Commerce, Finance and Digital Economy: Vol. 1 No. 2 (2018)
- Dr. Anita Verma, AI-Based Risk Assessment Models in Banking , International Journal of Commerce, Finance and Digital Economy: Vol. 4 No. 2 (2021)
- Marco Bianchi, Business Forecasting Using Machine Learning Algorithms , International Journal of Commerce, Finance and Digital Economy: Vol. 6 No. 1 (2023)
You may also start an advanced similarity search for this article.