Find Some of the Best Trade Data Intelligence Providers in 2021

by John W. Global Trading Expert

One single event pushed us all out of our comfort zone. Both personally and professionally. Putting the trade landscape into perspective, businesses have been forced to rethink their strategies. Since the pandemic impacted all business segments, the global supply chain and its operations have experienced huge challenges. Amid this backdrop, global trade data solutions for buyers and sellers is an important source of information, that can help them move forward in a complex business environment.

Trade industry and market experts suggest that international trade is on a path to slow and weak recovery. However, future disruptions are inevitable and it’s only logical that businesses have access to critical information so that they can make informed business decisions.

What are the solutions for buyers?

When buyers in the trade business look for suppliers, there are some very important concerns that they have, some of which are:

What is the past track record of the supplier?
How safe is the product?
Are there any regulations or compliances being compromised?
Is the brand name a recognized and trusted one?

These questions will always resurface when buyers are looking for suppliers and this is exactly why the search for suppliers/vendors for your business is an important investment. In this blog, we will explore the solutions for buyers and the platforms that can help them in their trade business.

Some of the Best Trade Data Intelligence Providers in 2021

Online research is no more just a human behaviour but a potential business strategy and an important trade nudge. The power of the internet couldn’t have been more viable in times like this when we are locked within our homes. At the same time, screening through a massive pool of information online is time-consuming and one can’t always be sure of the relevancy, authenticity of data. That further adds to the efforts in cross-checking information. However, to make things simpler for buyers, some online platforms are making accurate industry trade easily available. The fact that data that was once rare to find online, is available with a few clicks, is promising and buyers shouldn’t let go of this huge opportunity. Datamyne, Import Genius, Trademo, Piers, and Panjiva are some of the globally recognized trade data intelligence providers. Let’s understand a bit about them.

Datamyne serves industries such as chemical, health & nutrition, and energy and currently tracks the flow of trade across key markets in Latin America, Asia, Africa, and the European Union, as well as U.S. maritime business.

Import Genius is not just for importers but also for global exporters and helps you conduct a thorough evaluation of your suppliers. Furthermore, you can find qualified leads, monitor competitions, and research markets to improve the overall dynamics of your business.

Trademo Intel by Trademo is a Global Trade Data Intelligence Platform that has recently entered the market and yet, has created quite a buzz. Powered by a Global Supply Chain Knowledge Graph, it gives you access to all the import data records and helps you make informed decisions for your trade business, without any hassle. You can use Trademo Intel to find high-quality suppliers and gain “actionable” insights on relevant product trends. It has a fairly easy-to-use interface and just within seconds, you will be able to analyze millions of shipment transactions. Perhaps, it is the simplicity of the platform that sets it apart from others.

PIERS tracks and provides access to all waterborne export and import activities through electronically filed documents and direct feeds from carriers. By tracking the movements, you can also determine which markets are growing and the ones that are yet to be explored.

At Panjiva, you can easily search importers, exporters, and manufacturers from around the world. You can also track global trends and shortlist opportunities with the suppliers.

Employing Trade Data Intelligence for Your Business Advantage

In the end, what would matter is how you used the data and intelligence to grow your business. What strategies you put in place and what is the ROI you achieved? In the international trade landscape, how you improved your performance with the insights you gained from these platforms, will determine how far your business is set to go. Choose wisely, and invest smartly.