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Empower SMEs to boost economy, FG charged

Empower SMEs to boost economy, FG charged

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The Head of Marketing and Business Development, Africa Region of Maersk, Ms Anita De Werd, has charged the Federal Government to empower small businesses  so that the economy could be more inclusive.

Describing the Small and Medium Enterprises (SMEs) as the engine of innovation and job creation, De Werd, who stated this while speaking as a panelist during the opening session of the fifth Tony Elumelu Foundation Forum in Abuja, said 95 per cent of all companies in the Organisation for Economic Co-operation and Development (OECD) economies are SMEs and they account for two-thirds of formal sector jobs, despite having much less access to the benefits of trade.

“If we can empower small businesses in trade, we can help make economies more inclusive,” she said.

To drive home her point, De Werd explained  that the A.P. Moller-Maersk Group focuses on working through partnerships to empower entrepreneurs and SMEs through various partners such as the SheTrades initiative of the International Trade Centre (ITC).

“The purpose of SheTrades is to enable female entrepreneurs access the benefits of trade, aiming to connect three million female entrepreneurs to markets by 2021. This encourages inclusion as well as benefitting business, as World Economic Forum(WEF) research shows that closing the global economic gender gap could add 26 per cent to the annual global GDP by 2025.

“Together with SheTrades, A.P. Moller-Maersk will help female entrepreneurs in developing countries engage in trade by sharing our expertise on transport and logistics with the female entrepreneurs.”

The Maersk executive said that the Copenhagen-headquartered shipping conglomerate is passionate about enabling trade for the benefit of the society and its customers.

“In 2014, Maersk followed a shipment of avocadoesfrom Kenya to the Netherlands. We found that this single shipment involved almost 30 different people or organisations and that it generated more than 200 different communication interactions resulting in unnecessary time and costs. This is just one shipment. We then asked ourselves how this cost and complexity impacts the entire trade picture.  Maersk is the leading global integrator of container logistics. We handle about a fifth of global containerised trade. Our purpose as a company is to enable trade for the benefit of society and our customers. We know shipping and logistics like no other.

“We develop e-business tools to make booking a container shipment simpler. We have a partnership with IBM where we use blockchain technology to enable logistics to be more transparent. We are enabling true information sharing and collaboration across supply chains, thereby increasing industry innovation, reducing trade friction and ultimately promoting more global trade,” she further said.

 

 

 

 

 

 

The Sun

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