How Africa and LATAM Can Break Free from Import Dependency and Increase Local Production
Written by: Soumaya Hamzaoui, COO, RedCloud Countries across Africa and Latin America import billions of dollars worth of products annually, from essential food items to industrial goods, many of which could be produced locally. According to research by BBVA, Latin America’s trade deficit in 2015 with China alone was equivalent to US$8 billion, or 1% […]
Celebrating IWD 2024: Inspiring Inclusion across Emerging Markets with Open Commerce
Every year, on the 8th of March, the world unites to celebrate International Women’s Day, with the theme for 2024 being #inspireinclusion. It is a significant day that serves as a powerful reminder of the ongoing struggle for gender equality and the critical need for inclusion across all sectors. Driving inclusion is even more important […]
Half-time at E-commerce “Must do Better.”
In today’s digital age, online platforms wield immense influence over our daily lives. From Amazon’s e-commerce dominance to Meta’s control over social interactions and Google’s command over information access, these platforms have rapidly grown to dictate a significant part of our online experience. According to McKinsey, platforms are the preferred business model for seven of […]
Redefining the Future of Retail: Key Takeaways from The NRF’24 Retail’s Big Show Conference
Global retail sales are projected to hit $30 trillion by 2024, representing huge growth opportunities for brands and retailers alike. Despite this huge growth opportunity, unprecedented industry disruptions have made winning in retail harder, forcing retail leaders across the US and the globe to find new paths to address this supply chain volatility. These conversations […]
Justin Floyd’s End of Year CEO Update
Justin Floyd’s End of Year CEO Update Building The World’s First Open Commerce Network Back in 2018, I outlined to our founding team our mission to build the first trading platform for the world’s small businesses. As a child I grew up around trading goods and services. At school I traded soccer cards, buying from […]
Revolutionising Payments with RedPay™ in Nigeria
In the Nigerian retail market, just like other emerging economies, cash remains king as a significant number of all retail transactions are paid for by cash. The World Bank estimates that over 50% of all retail payments globally are done in cash, and in emerging markets like Nigeria and Ghana, that number can rise to […]
Why AI is nothing to fear
Written by Juandre De Jong, SVP Product, RedCloud Artificial Intelligence (AI), especially generative AI tools, have generated a lot of controversy in recent times. With applications that can seemingly do everything, from writing code to making art and more, there are many who believe that AI will become sentient and take over the world like […]
Open Commerce can unlock opportunities for American FMCG brands in Africa/LATAM
Emerging markets represent the largest growth opportunity for the FMCG industry, as they currently represent over half of global FMCG spend and have been primarily responsible for all the value growth in the industry over the last five years. The appeal of American FMCG brands in these markets is undeniable, as some of the most […]
The American FMCG sector needs AI-powered Open Commerce
Small retailers in the FMCG sector have long had a place in the heart of the American FMCG industry. With about 7.9 million mom-and-pop retail stores open all over the US, we’re all familiar with the image of the local ‘General Store’ in downtown Chicago or the bodega in Queens, New York. However, while retail […]
Fixing the world’s supply chains with Open Commerce
Do you believe technology has the power to transform not only the economy, but also society as a whole? Soumaya Hamzaoui, the COO at RedCloud, certainly does. In this newsletter, we had a chat with Soumaya on the current state of the global supply chain and how it impacts emerging markets. She also shares her insights […]
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