IDC MarketScape names Oracle a Leader in Worldwide Global Trade Management Applications 2022 Vendor Assessment

Reshaping the map of global trade

Every second of every minute, and every hour of every day, there’s an event that affects worldwide political, economic, and social conditions. It’s not just big events like the shift from NAFTA to USMCA, the U.S.-China tariff wars, or the effects of Brexit that are affecting businesses today. We’ve seen shortages of toilet paper, computer chips, and now baby formula, and we’ve seen inflation rise. Global trade plays a major role in resolving these issues; as a result, more and more companies are shifting from manual systems to automation and adopting global trade management (GTM) applications.

IDC MarketScape names Oracle a Leader

IDC recently released its IDC MarketScape for Worldwide Global Trade Management Applications 2022 Vendor Assessment, one of the leading analyst reports focused on global trade management. We’re pleased to offer you a complimentary excerpt from the report, which recognizes Oracle as a Leader.

Source: "IDC MarketScape: Worldwide Global Trade Management Applications 2022 Vendor Assessment", By: Jordan K. Speer, March 2022, IDC #US47410221

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market.  The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.

“Accelerated globalization combined with greater political volatility, increased scrutiny of supply chain practices, and rising expectations from customers and consumers is leading to the expansion and evolution of GTM capabilities by technology vendors and broader adoption of these applications by enterprises that import and export across borders,” said Jordan K. Speer, research manager, Global Supply Chain at IDC. 

Oracle was named a Leader on both current capabilities and future strategies. The report highlights Oracle’s strengths, including: configurability/customizations, security, native integration between compliance and logistics, and our strong customer advisor board (CAB) community.

Oracle Global Trade Management offers a wide range of capabilities that allow you to streamline your cross-border business processes. These include:

• Managing worldwide trade regulatory compliance
• Screening for restricted parties
• Accurately estimating total landed costs
• Tracking customs documents and automating customs filing procedures
• Capturing duty savings
• Qualifying shipments for free trade agreements
• Monitoring metrics against business targets
• Collaborating with suppliers and partners
• Instantly updating transaction status via digital assistants

But wait, there’s more. Because Oracle Global Trade Management sits on the same platform as Oracle Transportation Management, Oracle customers have a seamless and connected view of their trade and transportation processes. This powerful combination allows users to manage their strategic and operational planning, transportation execution, and freight payment and billing. At the same time, it helps users to ensure trade compliance, track customs documents, and make strategic business decisions through trade intelligence and analytics. 

Additional resources

• Read the excerpt to learn more about why IDC MarketScape named Oracle a Leader in the Worldwide Global Trade Management Applications 2022 Vendor Assessment (March 2022, IDC #US47410221).
• Access the 2023 Gartner® Magic Quadrant™ for Transportation Management Systems.
• Download the 2021 Gartner® Magic Quadrant™ for Warehouse Management Systems.
• Learn more about Oracle Cloud Logistics products and solutions.