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Uniting David and Goliath : Why Multinational Companies Like Starbucks Need SMEs to Build Green Supply Chains
Globally, demand for sustainably-sourced products continues to grow at a staggering pace. Last year alone, consumers spent $6.6 billion on fair trade products. Companies from Mars to Wal-Mart to Unilever are responding to this demand by making pledges to source all, or some portions of, their inputs from more sustainable sources.
In order to meet these pledges, companies are changing the very way they do business.- Categories
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Keep the Change: Lost Profits Offer Yet Another Reason Why Mobile Money is Better than Cash: A recent study shows African SMEs lose up to 8% in profits just fetching change
Jon Robinson, who is running the Gates Foundation’s four savings impact random control trials, and co-authors did a study of 500 or so small and medium sized enterprises in western Kenya. They found that these small informal firms spend an average of two hours per week looking for change to complete transactions. This contributes not only to lost productivity, it means losing 5-8 percent of profits.
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