Covid-19 Is Accelerating The Digitalization Of Asian Trade

The COVID-19 pneumonia epidemic has accelerated the digitalization process in Asia and the world. In the trade field, it has greatly promoted the development of digital trade. On the one hand, the sudden COVID-19 pneumonia epidemic has caused severe physical isolation of social and economic activities, prompting economic industries to accelerate "relocation on the cloud", and trade activities are no exception. In order to curb the spread of the epidemic, travel restrictions adopted by various countries and Measures such as port closures force people involved in global trade to work online and remotely and sign transactions in a virtual way, which greatly increases the speed of digital trade. On the other hand, digital trade is one of the most active sectors in the global economy. It is vital to the global economy. Digital freedom can minimize economic disruption and play a key role in the response to the COVID-19 epidemic. In addition to the prevention and control of the epidemic itself, in order to alleviate the economic shock caused by the epidemic, digital trade has gradually become the choice of various economies and business entities. During the epidemic, companies have seen huge digital trade opportunities. The development of new business formats and new models can reduce COVID The economic pain caused by the -19 pneumonia epidemic.

The epidemic's promotion of digital trade in Asia is mainly reflected in two aspects: the digitalization of trade content and the digitalization of trade technology. In terms of the digitalization of trade content, the relevant blockade measures and trade disruptions caused by the epidemic have changed many long-standing business models, prompting Asian companies to rapidly expand their digital capabilities and open up many new business models, which has accelerated the development of digital trade to a certain extent. Advance and development. Among the many business models spawned by the COVID-19 pneumonia epidemic, remote online office, distance education and telemedicine have grown the most. Digital technologies such as live broadcasts, online videos, and streaming media services enable people to work remotely in different economies, with greater security in the context of the epidemic.

At the same time, this also provides more extensive service opportunities for some freelancers, such as writing, editing, legal, and graphic design service industries; during the epidemic, the demand for distance education has surged, and Asian economies have provided high-quality training digitally. And education, which not only allows education to be maintained during the epidemic, but also greatly promotes the sharing of educational resources, thereby improving the overall quality of the labor force in Asia; finally, in the context of the proliferation of global public health problems, telemedicine has been highly valued by Asian countries. Further ushering in rapid development, the World Health Organization (WHO) and Asian governments are actively encouraging the use of telemedicine to slow the spread of the epidemic. In terms of the digitization of trade technology, “smart contracts” based on blockchain technology have been further developed. The epidemic has made Asian countries deeply aware that customs and all supply chain stakeholders urgently need to further digitize trade procedures and use more cutting-edge digital technologies to respond The practical problems caused by the epidemic, by increasing the proportion of digital trade, more efficient connection and collaboration can be achieved, and the stability of trade data can be maintained; in addition, due to its technical characteristics, 3D printing has been faster in the physical partition caused by the epidemic Although 3D printing has been growing at a relatively rapid rate in the past 30 years, the application scenarios of 3D printing are not extensive enough, and its revenue accounts for a small proportion of global manufacturing revenue. The epidemic has increased the demand for 3D printing, especially the surge in 3D printing production of personal protective equipment, and the facts have fully shown that 3D printing can help solve the imbalance of supply and demand and the supply chain caused by prevention and control measures during the COVID-19 pneumonia epidemic. Delays and other issues have greatly promoted the development of digital trade during the epidemic.

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