ByElizabeth MacBride,
Senior Contributor.
For small companies caught in the global trade war, AI-equipped trading platforms can be one of the few defenses. Tariffs increase costs for importers and exporters around the world, as companies not only have to pay duties, but keep track of shifting regulations, reroute shipments, and find lower-cost suppliers in a landscape where the rules are changing fast. Small businesses have the least flexibility to raise prices or to adapt.
But AI systems that that help small businesses cope with increasingly complicated global trading environment, managing costs or finding lower-cost suppliers, are on the rise, offering some defenses.
“Trade wars have caused short-term challenges with tariffs, delays, and compliance changes. Yet they also create room for adaptable businesses to stand out, diversify, and strengthen their global presence,” said Saurabh Mittal, founder of Chococraft, headquartered in Delhi, India, in emailed comments. Chococraft exports custom chocolates - think those nifty chocolates printed with company logos or people’s faces.
