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10/16/24, 9:31 AM Thani Al Zeyoudi underscores AI's transformative power during TradeTech knowledge-sharing session
AI is the core theme of the TradeTech Initiative’s second year, reflecting its emerging influence on the
logistics sector. Titled "AI and Global Trade: Future of TradeTech", the session gathered industry
experts, technology practitioners, and thought leaders to offer insights on where AI’s transformational
potential can best be harnessed—and where its impact on supply-chain efficiencies is already being felt.

For instance, AI tools are enabling companies to source and evaluate new suppliers based on size,
location, and relevant certification, and even automate negotiations using chatbots to provide and agree
on transportation quotes.

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In his address to launch the knowledge-sharing session, Dr. Al Zeyoudi emphasised the case for AI's
adoption throughout global trade. “Artificial intelligence enables us to fast-forward into the future. We can

leave behind cumbersome legacy systems that stifle growth and dampen productivity. Its impact on
supply chains is already clear, optimising shipping routes, anticipating disruptions, and sorting
shipments. But so far, its integration has been piecemeal and fragmented. In front of us is the opportunity
to come together as policymakers, trade bodies, logistics hubs, and private businesses and reshape

international commerce—from its digital infrastructure to its regulatory frameworks,” he said.

“Today’s discussions, and the wider TradeTech Initiative, will play an important role in inspiring the
change this requires. It is our responsibility to now harness these ideas and drive forward global trade for
the benefit of all,” Al Zeyoudi added.

The discussions during the knowledge-sharing session, which will inform the second TradeTech

Initiative Report, covered the impact of AI on global trade regulations, the preparedness of emerging
markets for digitised trade, AI’s role in improving trade forecasting, and how companies can bridge
emerging skills gaps in their workforces.

The featured speakers included Tim Stekkinger, Head of TradeTech Initiative at the World Economic
Forum, Prof. Marek Kowalkiewicz, Founding Director of the Centre for the Digital Economy at

Queensland University of Technology, Wolfgang Lehmacher, an international expert in supply chain and
logistics, and Philippe Isler, Director of the Global Alliance for Trade Facilitation.

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