In today’s dynamic and interconnected economy, global trade continues to evolve, shaped by geopolitical shifts, digital transformation, and changing consumer demands.

This course equips participants with a practical understanding of international trade—from its foundational principles to real-world applications in sourcing, shipping, risk management, and cost control.

Participants will explore the historical context and drivers of globalization, gain clarity on key trade activities and documentation, and develop skills to manage trade costs and mitigate risks effectively.

In addition, participants will also have access to the ASCM Foundation of Supply Chain Management programme. A user-friendly, self-paced and modernized learning experience makes the Foundations of Supply Chain Management program motivating, engaging and attainable for supply chain professionals. Over 100 hours of six different foundational supply chain courses for FREE.

Key Takeaways for Participants

By the end of this course, participants will be able to:

1. Articulate the Principles and Drivers of International Trade
• Understand the evolution and history of globalization and trade
• Identify the key drivers behind globalization and cross-border commerce
• Recognize the strategic importance of international trade in today’s economy

2. Understand Core International Trade Activities
• Explain the concept and benefits of global sourcing
• Describe how Free Trade Agreements (FTAs) facilitate trade
• Identify key shipping documents (e.g., Bill of Lading, Air Waybill, Commercial Invoice, Packing List, Certificate of Origin)
• Assess different modes of transport based on cost, speed, and cargo requirements

3. Manage Trade Costs and Payment Methods
• Compare Incoterms 2020 to determine trade responsibilities and cost-sharing
• Identify all cost components related to import/export transactions
• Calculate Total Landed Cost (TLC) for accurate pricing and profitability
• Understand common international payment modes: Telegraphic Transfer (TT), Letter of Credit (LC), Trust Receipt (TR)

4. Identify and Mitigate Trade Risks
• Examine common risks in international trade (e.g.,trade barriers, political, financial, logistical)
• Apply appropriate risk mitigation strategies including insurance and contractual protections

PLUS One-year access to ASCM’s Foundation of Supply Chain Management Programme. Over 100 hours of six different foundational supply chain courses.

For more information on the course, email us at  [email protected] or call us at +65 90622971