Decline in trade volumes and
economic conditions
Our customers are logistics service providers whose
business operations depend on regional and global logistics
activities, which are closely linked to regional and global trade
volumes. A decline in regional and global trade volumes and
recessionary economic conditions including, but not limited
to the effects of the COVID pandemic, geopolitical events
and the impacts of climate change, may adversely affect our
financial performance.
Our software provides an integrated logistics execution solution
which increases productivity and drives efficiency in a complex,
highly regulated and competitive industry. We believe that risks
associated with a reduction in trade volumes and economic
conditions would be offset by the opportunities which present
themselves from changes in trade routes, regulation, trade
patterns and increased competition amongst our customers. suggest appropriate account, assertion at risk of misstatement and appropriate substantive audit procedure for the given risk.
