Hardly a day passes without a new article on how businesses are analyzing the needs, wants and spending trends of millennials. In the US alone, millennials (or Generation Y), those born between 1980 and 2000, represent 30 percent of the population. By 2025 they will be 75 percent of the workforce of this country. The impact that millennials are starting to have on the global … [Read more...] about Don’t let base of the pyramid millennials catch your company off guard
Latin America and the Caribbean
By Valentina Echeverry, Opportunities for the Majority; and Sergio Navajas, MIF. In Latin America, 60 percent of the population lacks access to financial services, equivalent to approximately 250 million people. However, mobile phone penetration is between 90 and 100 percent. In some countries, such as Colombia, penetration is 105 percent. This indicates that most people … [Read more...] about Financial inclusion just a click away: E-wallets and payment platforms
Seventy percent of the population in Latin America and the Caribbean – more than 400 million people – live on less than $10 a day. Even though their income is low, this segment of the population still demands goods and services, and represents a market of $760 billion per year. Hundreds of pioneering companies see opportunities in this market to do profitable business while … [Read more...] about 10 things a company needs to know about the market at the base of the pyramid
By Lourdes Gallardo, Senior Specialist, Opportunities for the Majority at the Inter-American Development Bank From 2000 to 2010, Latin America and the Caribbean (LAC) enjoyed a remarkable wave of sustained economic growth which helped improve the incomes and welfare of millions of people living at the base of the pyramid (BoP). According to the World Bank, nearly 70 million … [Read more...] about Changes at the base of the pyramid will transform markets in Latin America and the Caribbean
While critics call it a bloated global extravaganza for its escalating public expenditure, the 2015 Expo in Milan, Italy, also brings opportunities for sustainable business globally. This year’s topic of the World Fair - Feeding the Planet, Energy for Life – seeks to highlight solutions to one of the greatest development challenges the world faces today. There are still 805 … [Read more...] about Expo Milano 2015 – an unlikely place for sustainable business?