The effect of Information and Communication Technology on trade and Supply chain management in Finland and the United Arab Emirates

Abstract

ICT has had a significant impact on supply chain management in Finland and UAE, but there remain several challenges, including implementation costs, technical literacy and skill deficiencies, security concerns, and the changing role of employees when it comes to supply chain management using ICT. According to the study's findings, ICT has improved supply chain management in many ways, including increased transparency, and an efficient supply chain involves reducing costs, keeping track of products, communicating, and coordinating with internal and external stakeholders. The primary analysis shows several advantages to using ICT to track logistics, coordinate supply chains, plan, and conduct commerce. In this study, we investigated the impact of ICT on trade and Supply Chain Management. Finland and UAE were chosen for several reasons. One of the reasons is that both countries are willing to create the most advanced technology. In other words, this will create a high quality of life in their countries by managing our social lives, communicating with each other, and finding information. The UAE is Finland's second-largest export and import partner in the Gulf area, and the UAE and Finland have excellent diplomatic and commercial relations.