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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“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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“The ability to participate in the digital economy isn’t just life-changing for low-income women, it can also benefit economies. Digitalization of small and medium businesses could add anywhere between $158-216 billion to India’s GDP by 2024.”
-World Economic Forum
wegg is always at the forefront of educating women entrepreneurs on cutting-edge business strategies and new financial evolutions that the global economy and currencies shift towards.
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“Emergency funds can meet immediate needs, but for enduring economic self-sufficiency to be achieved, individuals must be given the tools and training to provide for themselves.”
–UN Women, “In the aftermath of crisis, rural Bangladeshi women pursue economic security”
The global crisis of the COVID-19 pandemic and the 2020 Cyclone Amphan are two of the catastrophes that have devastated the livelihood of women in Bangladesh over the past several years.
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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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“Prior to COVID-19, women were beginning to thrive online. Action now can reverse the pandemic’s impacts and ensure that women entrepreneurs can lead the future of Africa’s digital economy.”
-Alexa Roscoe and Anne Njambi Kabugi, International Finance Corporation
Brookings has released their Foresight Africa 2022 Report,
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According to the World Bank, international trade drives growth and competitiveness. It promotes fairness. It spurs innovation and efficiency. When trade flows in a rules-based system, jobs, wages, and investment increase.
A critical piece of trade, especially within a global supply chain,
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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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The Global State of Small Business Report: Wave II Update published by Facebook, the Organization for Economic Co-operation and Development (OECD) and the World Bank states:
Several governments around the world have begun to loosen COVID-19 lockdown restrictions in recent months,
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