35 min listen
Empowering Micro Retailers in Emerging Markets
Empowering Micro Retailers in Emerging Markets
ratings:
Length:
43 minutes
Released:
May 29, 2024
Format:
Podcast episode
Description
In this episode, we sit down with members of the MIT Low Income Firms Transformation (LIFT) Lab: Director Josué Velázquez Martínez, Postdoctoral Researcher Sreedevi Rajagopalan, and Doctoral Student Fabio Castro.
We discuss the LIFT Lab's work empowering micro-retailers and nanostores in emerging markets to lift themselves out of poverty. These retailers, while making up an overwhelming majority of retail business in their regions, are at a significant disadvantage when dealing with large suppliers and competing with large retailers—some 30% of these firms fail within 5 years of opening.
Using generative AI, the LIFT Lab is helping these retailers enhance their business decision-making and supply chain capabilities to help them survive and thrive.
We discuss the LIFT Lab's work empowering micro-retailers and nanostores in emerging markets to lift themselves out of poverty. These retailers, while making up an overwhelming majority of retail business in their regions, are at a significant disadvantage when dealing with large suppliers and competing with large retailers—some 30% of these firms fail within 5 years of opening.
Using generative AI, the LIFT Lab is helping these retailers enhance their business decision-making and supply chain capabilities to help them survive and thrive.
Released:
May 29, 2024
Format:
Podcast episode
Titles in the series (29)
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