May 19, 2020

Walmart's initiative aims to empower African business women

Supply Chain
Africa
Walmart
Said Business School
Bizclik Editor
2 min
Walmart's initiative aims to empower African business women

Walmart’s Empowering Women Together initiative, which aims to empower African women in business, will be evaluated by a research team from Saïd Business School at the University of Oxford.

The team will develop a measurement system to track the impact of the programme, launched in 2011, to help very small to medium-sized enterprises run by women with the aim to integrate them into Walmart’s supply chain.

Professor Linda Scott, from Saïd Business School, said: “Because Walmart draws its stock from all kinds of supply chains, from fisheries to agriculture to crafts and more, the potential for this initiative to help women in Africa is historic.

And the research itself will be ground-breaking: no work has yet been done that analyses the women’s economy as a complex interaction between business-building, employment opportunities, and purchase patterns, all among women, especially in the context of engagement with a major corporation.

“In recent years there has been a growing realisation that increasing women’s incomes has profound positive effects on a wide range of indicators from fertility, to disease burdens, to national competitiveness. So, the obstacles are great, but the goal is worth the effort.”

Work for the project began in Autumn 2013, and the team is now focusing on system participants in East Africa. Visiting suppliers by August 2014, two case studies will be published, one of which on Katchy Kollections, a jewellery business in Nairobi, Kenya.

Professor Scott added: “We have already done the work in these sites and are currently comparing the data before we begin to write.

“Each of these businesses operates under vastly different conditions and yet there are some surprising similarities.

“All of this is a challenge to develop a measurement metric which is appropriate for the full range of organisations involved in the system.”

She will also be blogging about the project, “Our aim is to be as transparent about the project as possible.

“This study is an independent and rigorous academic research project, not a consulting job, and we expect that what we learn will be important for policy makers in Africa, Walmart, and other corporations undertaking similar initiatives.”

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Jun 11, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
Sustainability
G7Summit
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve, in terms of sustainability and global trade

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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