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Logistics, U.K. Trade and the Super 5G Network
How will 5G connectivity boost Britain's markets and logistics sector, and how might such networks underpin U.K.-U.S. trade strategies?
Jul 03, 2019—
There's little doubt that market traders will be a little preoccupied in June, with a potential escalation of the trade war between the United States and China a key focus for investors. After all, the recent negotiations have ground to a halt amid more threats of tariffs, with China having threatened to blacklist several American companies if the row continues.
However, the unveiling of the much-publicized 5G network could also prove to be an interesting development in the United Kingdom, one that could significantly impact trade, logistics and the underlying value of the British pound. But how exactly will 5G connectivity influence trade and the financial markets in the U.K., and could it help to boost the value of the national currency against the backdrop of Brexit? Let's find out.
Even on a fundamental level, the introduction of 5G connectivity could impact how efficiently individuals trade. If traders are using online platforms such as Oanda or a mobile app like the MetaTrader 4, for example, high-frequency traders may be able to leverage faster processing speeds to execute multiple orders in real time. The only question that remains is whether this will have a noticeable impact on typical traders, for while 5G may be up to 20 times faster than its predecessor, the current network technology is more than fit for this purpose.
When it comes to logistics, however, the introduction of 5G connectivity could have a seismic effect while also bringing the burgeoning Internet of Things (IoT) to life. More specifically, it could underpin the type of live information system that tracks delivery items from factory to customer, in a bid to create more efficient supply chains that break down the boundaries of international trade.
This would also create a constant flow of information between key stakeholders, helping them to track parcels accurately even when they sit in transit dead-zones or transition between warehouses and key delivery points. In this respect, the emergence of 5G connectivity could not have come at a better time for the United Kingdom. After all, the industry (including shipping, air and rail freight) is home to more than 56,000 businesses that employ an estimated 2.2 million people and approximately 8 percent of the workforce.
The U.K. logistics sector is also ranked eighth in the global marketplace, so it stands as one of the most advanced and competitive in the world. As a result, 5G can help to secure the industry's standing in the wider world, helping to negate the potential negative impact of Brexit in the process.
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