Some people believe that cheap and fast transportation is necessary for successful international business, while others argue that good technology plays a more important role. Both views are reasonable because global business depends on the movement of goods as well as the exchange of information.
On the one hand, cheap and fast transportation can bring down business costs. When goods can be delivered quickly, companies can move and sell more products, generate more income, and reduce waste caused by damaged or expired goods. Also, cheaper transport can create wider trade networks.
On the other hand, good technology improves communication, management, and efficiency. Companies can track goods, contact overseas partners, promote products online, and complete payments through apps at any time.
In my opinion, good technology is more important because it gives companies a wider range of tools to survive in a fast-changing business world. Cheap and fast transportation is useful, but it mainly solves the physical movement of goods. Technology, however, can improve almost every stage of international business, from advertising and online sales to digital payment, currency exchange, inventory control, and customer service. It can even upgrade transportation itself by making delivery systems easier to track and manage. Therefore, while transportation helps products move across borders, technology helps the whole company operate across borders.