Global corporations are increasingly focusing on establishing solid digital foundations, with cloud computing emerging as the top priority, according to Standard Chartered’s new report, The Future of Trade: Digitalisation. The report, released today, surveyed 1,200 senior leaders from multinational companies about their strategies for global trade over the next three to five years.
The findings show that nearly 70% of corporate leaders are prioritizing cloud infrastructure in the short to medium term. Artificial intelligence (AI) and digital assets were also identified as important drivers for trade digitalization by 55% and 50% of respondents respectively. This indicates a pragmatic approach where organizations aim to strengthen foundational systems before scaling up newer technologies.
Despite recognizing the benefits of digitalization, many corporates face significant challenges. Close to 60% cited a lack of interoperability and integration between systems as the main barriers slowing down progress. Regulatory and implementation issues further complicate efforts, resulting in continued reliance on traditional paper-based processes.
To address these obstacles, the report highlights two main strategies. First, promoting digitally-enabled commerce through Digital Economy Agreements (DEAs) can help establish common regulatory frameworks for cross-border digital activities. More than half of those surveyed hope that additional markets will join DEAs and adopt shared standards. Second, almost 80% of respondents are collaborating with third parties to overcome challenges such as talent shortages and high costs associated with digital transformation.
Michael Spiegel, Global Head of Transaction Banking at Standard Chartered, commented on the evolving landscape: “Global trade is undergoing a profound transformation, and digitalisation is accelerating the pace of change and reshaping how businesses connect, transact, and grow. By prioritising connected data flows, compliance, and consistency, corporates are setting the stage for technologies like artificial intelligence and digital assets to scale responsibly and efficiently. When these underlying layers are strong, innovation can accelerate and sustain long-term growth across global value chains.”
He added: “At Standard Chartered, we are proud to play a leading role in this evolution. We are investing in cloud-based platforms that connect ecosystems, digitising trade finance processes end-to-end, and co creating solutions that make global trade simpler, smarter, and more sustainable.”
The survey also revealed that over 80% of respondents look to their banking partners for advice on digitalization initiatives and adopting digital assets. The report underscores a need for collaboration among banks, fintechs, technology providers, and regulators to unlock the full potential of digitally-enabled trade.
The Future of Trade report is based on an online survey conducted by Kantar between July and early August 2025 among C-suite executives or key decision makers from multinational corporations with annual revenues exceeding USD250 million across 17 major markets.