Technavio’s market research analyst predicts the global trade management (GTM) software market to grow at a CAGR of more than 12% between 2016 and 2020. The rise in the number of international trades and fuel expenses are increasing the overall operating cost of global logistics and transportation. This has propelled several trading companies to implement GTM solutions that help them to minimize their operating costs and increase their operational efficiency. GTM solutions bring down the transportation costs by around 4%-10% and help the companies to enhance links between transportation nodes, facilitating cheaper and faster deliveries. GTM software aids in transportation planning and sourcing, enhanced fleet management, transportation business intelligence, workflow management, billing and claims, customs management, and document management. Also, the GTM software offers real-time visibility of shipments in transit, customs clearance status, better cost control, inventory levels forecast, and supply chain performance. They also provide exception-based process management platforms that allow staff to micro-manage the entire supply chain network operations.