In the last few years, there has been a colossal rise in the number of startups that are focused on making a positive impact in the world. These startups are coming up with innovative solutions based on the latest technologies with a dual aim of not only solving the most pressing social and environmental problems…
In today’s ever-changing world, creating social value has become a vital aspect of our social and economic construct. Archana Srivatsan, Head of South and South-East Asia VC at the Bill & Melinda Gates Foundation and Joey Savoie, Co-Founder at Charity Entrepreneurship shared their insights on creating social value with Professor Rajesh Chandy at the IB…
Cryptocurrency has been the latest fanfare of the modern economy. Be it the hysteria ensuing Elon Musk’s tweets or the frauds committed by Mt Gox, a Japan based bitcoin exchange; cryptocurrency has never failed to captivate its supporters or detractors. Despite the fact that a major chunk of people is bullish on cryptocurrency, few critics…
Worldwide sales of luxury goods in 2019 stood at US$ 305 billion. Following a temporary fall in sales due to the COVID-19 pandemic, sales in 2021 were US$ 294 billion. In the period of 2023 to 2028, the luxury goods market is forecast to grow at a CAGR of 4%. Earlier this year, the Retail,…
As the world grapples with environmental challenges, the fashion and luxury sectors are under increased scrutiny for their roles in carbon emissions and waste generation. At the annual Retail Luxury and Consumer Conference (RLCC), organised by London Business School’s Retail, Luxury, and Consumer Club, Dax Lovegrove (Global Director of Sustainability, Jimmy Choo and Versace) and Damian…
This week, I visited the Co-op on Baker Street, close to the School’s Sussex Place Campus, looking for some instant iced coffee. My eyes were drawn to Co-op’s branded Fairtrade Iced Coffee. The blue, green and black logo seemed familiar. I had stumbled upon it a few years ago as I was searching for a…
Unemployment and literacy – two themes that have been met with interest in public policy for decades. While the scrutiny is justified, what perhaps is needed is a nuanced lens to the relationship between the two. Particularly in a post-pandemic world, as businesses and economies navigate for survival with a shift in priorities, the spillover…
Greenwashing is conveying misleading or unproven claims about the positive environmental impact of a company’s product. A recent example is HSBC’s misleading advertisement which faced an immediate backlash. The banking giant rolled out an advertisement highlighting its $1 trillion investment in green initiatives. However, the Advertising Standards Authority noted the bank continues to make huge…
The construction of China’s first overseas military base has quickly directed the world’s attention to one of the smallest countries in the Horn of Africa – Djibouti. Currently, observers are obsessed with the military base and transit port. They have, unfortunately, overlooked the economic potential of the country with geopolitical advantage and a good natural…
The ability of credit-worthy businesses to access trade financing is essential to international trade, and in turn, the growth and development of economies around the world. However, despite its importance, experts believe there will be a trade financing gap of over $2 trillion in 2022 (Kim et al., 2021). To put this number in perspective,…
