It is always exciting and invigorating to be a global woman entrepreneur, and women entrepreneurs in India are spearheading an especially inspiring movement of startup companies right now. As more and more businesses across the country are established by women founders, the influence and power of their work become all the more impactful.
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Through a partnership between Mastercard, the U.S. Agency for International Development and Indian NGO Access Development Services, Renu – owners of a mom and pop convenience store in India – adopted QR-based digital payments at her kirana, giving digital-savvy customers more choice and boosting sales.
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As a wegg® Board Member, Hinrich Foundation Research Fellow, and Founder and CEO of Nextrade Group, Kati Suominen holds key insight into the ebbs, flows, and effects of global e-commerce. She recently published a report with the Hinrich Foundation entitled, “The Last Mile: How technology helps and hinders the toughest leg of global commerce.”
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Secretary Antony J. Blinken at the launch of the U.S. Strategy on Global Women’s Economic Security says:
Promoting women’s economic security is the right thing to do, but it’s also the smart and necessary thing to do. When everyone can contribute to their full potential,
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“Communications is at the heart of eCommerce and community.”
-Meg Whitman, Former President and CEO of Hewlett-Packard
For many consumers, eCommerce is a part of our daily lives, from ordering a household item through Amazon to purchasing a gift from a small business on Etsy.
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“Businesses exist to create profit, so to be a successful business, you need to ensure you are saving on costs as much as possible without compromising the quality of the product. ”
– Forbes, “How To Handle Shrinking Profit Margins During Times Of High Inflation”
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“As consumer behavior continues to evolve and the retail landscape changes, retailers that embrace and implement these changes early on will be better positioned for success now and in the future.”
-Jia Wertz,“3 Mobile Commerce Trends That Are Dominating 2022”
Our society has become structured around the widespread use of smartphones more and more each year.
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When Black women are let down and left out of the growth equation, cities worldwide lose a valuable source of economic and social capital, says Sherrell Dorsey. She goes on to say that “black women have been underrated pioneers, overlooked incubators, interrupted powers, and—far too often—a missed opportunity for investment.
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According to the International Monetary Fund (IMF), recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on.
IMF expects world output in the medium-term to be about 3 percent lower in 2024 than pre-pandemic projections.
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Just like Women Entrepreneurs Grow Global®, the Canadian federal government’s Women Entrepreneurship Strategy (WES) helps women entrepreneurs expand into global markets. While wegg® was launched in 2015, WES was launched in 2018. Since then, the Canadian government has almost doubled its investment to nearly $5 billion during the COVID-19 pandemic to help women-led businesses.
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