Deforestation is a primary driver of environmental degradation, exacerbating climate change, diminishing biodiversity,and disrupting delicate ecological balances. In response to these challenges, the European Union (EU) has introduced the European Union Deforestation Regulation, a landmark legislation aimed at tackling deforestation and promoting sustainable trade practices. This regulation, which replaces the EU Timber Regulations (No. 995/2010), […]

A Quick Guide to Incoterms 2020: Definitions, Responsibilities, and Best Practices Introduction to Incoterms  Trading has been a fundamental part of human civilization for over 150,000 years, evolving from simple barter systems to the complex global trade networks we see today. With trade comes challenges, particularly when it involves international transactions. Disputes over responsibilities, costs, […]

According to a 2023 report by Deloitte, nearly 60% of companies cite supply chain management visibility and integration as their top challenges, with many seeking solutions that offer real-time data and smooth collaboration. SAP Business Network for Logistics addresses these challenges by providing an efficient platform that connects businesses with their suppliers, partners, and customers, […]