White Papers
Published: 17 January 2017

How Technology Can Unlock the Growth Potential along the New Silk Road

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The ancient and historic trade route between China and Europe is coming back to life as one of the biggest infrastructure projects of the 21st century. However, without investment in smart technology the initiative risks to miss a lot of its potential. China already has invested over $51 billion and more than 100 countries have signed on – with free trade, collaboration agreements or other partnerships – in a project that involves more than 12,000 engineering contracts. By also investing in IT infrastructure and advanced technologies, four pain points of the digital supply chain can be addressed: speed, inconsistency in border services, excess costs, and lack of visibility. The whitepaper finds that with smart plans countries can attract additional FDI and SMEs can boost GDP by 4% to 7% along the New Silk Road.

The ancient and historic trade route between China and Europe is coming back to life as one of the biggest infrastructure projects of the 21st century. However, without investment in smart technology the initiative risks to miss a lot of its potential. China already has invested over $51 billion and more than 100 countries have signed on – with free trade, collaboration agreements or other partnerships – in a project that involves more than 12,000 engineering contracts. By also investing in IT infrastructure and advanced technologies, four pain points of the digital supply chain can be addressed: speed, inconsistency in border services, excess costs, and lack of visibility. The whitepaper finds that with smart plans countries can attract additional FDI and SMEs can boost GDP by 4% to 7% along the New Silk Road.

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