Aug 31, 2020
Tradeshift is a $1B unicorn supply chain payments platform used by 1.5M companies across 190 countries, including 150 of the Fortune 500. Co-Founder and CEO, Christian Lanng, joins me on Tech Talks Daily to share the story behind the company and his positive vision for the road ahead.
From Google to Amazon, many companies were founded just before or during a crisis. Leaders today will have to take a page from this book to come out on top. So as much as COVID represents a global tragedy, it's also an opportunity to reset and rebuild in a way we failed to in the 2008 Financial Crisis.
The answer is digital + finance as default. This is the way to make processes resilient. From eliminating 30-40-year-old paper-focused models to utilizing platforms like Zoom and continuing the same service customers are used to.
We also discuss how many organizations implement high-level tech like AI, RPA and blockchain internally, but 54% still rely on paper-based processes, which leads to widespread waste, lengthy processing times, lack of supply chain transparency, and suboptimal decision making.
By contrast, they should digitize every level of the supply chain. That means every participant from banks, suppliers, and buyers needs to connect across the broader supply chain ecosystem. Internal digitization is excellent, but keep in mind that globally, just 8% of trade transactions are digital.
You can learn a thing or two from your routine outside the office. Bank statements, boarding passes - nothing is paper-based anymore. Take a page from social media's book, where relationships are digital and connected via online ecosystems.