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Secro Wins Approval from the International Group of P&I Clubs

SECRO

The International Group of P&I Clubs (the Group) added Secro as an approved electronic bill of lading provider. Established in 2021, Secro is an independent technology company helping buyers and sellers of bulk commodities to digitize their core business workflows and optimize working capital. Approval by the Group ensures that liabilities arising in respect to the carriage of cargo under such paperless trading are covered. The legal documentation and terms of use associated with the use and operation of Secro system, as well as the Secro electronic bill of lading, were reviewed and approved by the Group. Secro, which is a proud member of BIMCO, provides a frictionless digital trade documentation platform that is safe, trustable and seamless. The customer is onboarded to the Secro platform with a nimble click-through process and can collaborate with its trading partners in minutes. Internal due diligence is simplified by robust yet concise terms of use and conditions of carriage. Further, the Secro platform enables the customer to invite its trading partners on the platform, for free, just by sharing a secure link at any given stage of the transaction, allowing unprecedented flexibility. Secro Co-Founder and CEO, Michele Sancricca stated: “Our customers asked us to build a platform to easily create securely exchanged electronic bills of lading with anyone in the world without the need for cumbersome private agreements. This innovative approach delivers the ease of adoption that legacy providers did not achieve.” Truly viable electronic bills of lading, able to replace traditional paper-based documents, has been a chimera for decades. Thanks to Secro proprietary technology’s compliance with the latest digital trade laws, for the first time the adoption of electronic bills of lading really offers speed, security and cost savings. With Secro’s ease of use, and the Group’s approval, traders, shippers, banks and ship owners can digitally transact with confidence. Sancricca wants the maritime community to appreciate that this is just the beginning for Secro. “Secro E-bill of lading is only the first product we are launching in this arena. Customers will find in Secro a one-stop-shop to digitize their end-to-end trade workflows.” At SHIPPINGInsight 2022, Secro received the organization’s Innovation Award by securing the most support from investors and shipowners in the SHARK TANK. Secro is currently available to selected customers with the public launch expected during Q1 2023. For more information on the company go to Secro. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://secro.io/

December 06, 2022 10:38 AM Eastern Standard Time

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Plus One Robotics’ Parcel Handling Solutions Recognized by DHL’s Logistics Trend Radar

Plus One Robotics

Plus One Robotics, a global solutions provider of a vision-enhanced and AI-based parcel handling platform for intralogistics applications announced today that its PickOne induction solution and Yonder remote supervision software have been recognized by DHL’s Logistics Trend Radar 6.0, an established thought leadership publication and strategic tool encompassing major trends impacting the logistics industry. The Trend Radar lists the PickOne induction solution under Stationary Robots – Robotic Picking and Placing; deeming it highly relevant and impactful to the future of logistics. Also categorized by DHL under Remote Work & Teleportation, Yonder was recognized for its human-in-the-loop capabilities for remotely protecting logistics operations from disruption. “DHL is a trailblazer for innovative automation solutions in the logistics industry,” said Robert Nilsson, Chief Revenue Officer at Plus One Robotics. “To have our parcel handling solutions be recognized in their Logistics Trend Radar as highly impactful to the future of logistics is an honor. We’re committed to improving our solutions every day and value this recognition.” PickOne’s induction solution uses AI to identify objects for pick-and-place applications. When AI is unable to identify objects, a human teleoperator receives an alert message via Yonder human-in-the-Loop supervisor software and can gain access to and control of the robotic arm from a remote service center. The AI system learns from this intervention to further improve its capabilities if similar situations occur in the future, helping to minimize downtime. According to the Trend Radar, this AI-human collaboration indicates the potential to create new jobs through widespread implementation of robotic solutions in warehouses and manufacturing environments by upskilling existing labor. "DHL's Logistics Trend Radar was created to provide a comprehensive overview of the most meaningful innovation in the logistics space with both near term and long term impact, like Plus One Robotics" said Ben Perlson, Senior Innovation Manager at DHL. "I've seen first-hand how Plus One's PickOne and Yonder solutions can improve operational efficiency and look forward to seeing how they continue to improve the capabilities of these pick and place robotic systems in the years to come." Plus One Robotics is recognized as the fastest and most reliable parcel handling robotics platform, picking more than 500,000,000 parcels globally, currently an industry-leading metric. PickOne’s induction solution provides optimized picking and placing of mixed parcels, bags, and products for high-volume ecommerce fulfillment and distribution centers. The award-winning AI vision software easily sorts and classifies new package shapes and types, boosting throughput rates while experiencing less downtime. About PLUS ONE ROBOTICS Plus One Robotics provides the fastest and most reliable parcel handling robotics platform in the world. Founded in 2016 by computer vision and robotics industry experts, Plus One's intelligent solutions combine computer vision, AI, and supervised autonomy to pick parcels for leading logistics and ecommerce organizations in the Global 100. Plus One is headquartered in San Antonio with offices in Boulder, Pittsburgh, and The Netherlands. Visit www.plusonerobotics.com for more information, and follow us on LinkedIn, Twitter, YouTube, and Facebook. Plus One Robotics platform for parcel handling has recently achieved its 500 th million pick. Plus One Robotics 639 Bill Mitchell Blvd. Ste. 185 San Antonio, TX 78226 Web: www.plusonerobotics.com Tel: +1 210 664-3200 info@plusonerobotics.com Contact Details Alex Patterson +1 210-404-4763 alex.patterson@plusonerobotics.com

December 06, 2022 08:30 AM Central Standard Time

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Holiday Gift Guide for Him

Benzinga

Buying gifts for men can be difficult, but there are ways to make the gift selection process easier. Remember, each man is different and will have various likes, hobbies and dislikes. If you’re looking for the best gifts for the man in your life, keep reading to view our holiday season gift guide for him. First, Take into Consideration These Tips on Buying the Best Gift for Any Man in Your Life No holiday gift guide would be complete without a quick discussion of things you should think about when buying gifts for him. To find the ideal gift for the man in your life, there are three things you can look for that will help you find something he'll love. Pay attention to his needs: Everyone has practical needs, but we don’t always tend to them. For example, someone may talk about needing a car wash kit so they don’t have to continue to go to the car wash but never buy one for themselves. Spend some time listening to your man to see whether you can identify anything he needs but hasn’t bought for himself. If you want to give a good gift, the No. 1 rule is that you give him something he will use and not put it on an empty shelf somewhere. Keep it simple: Men tend to like straightforward things, and that’s why you shouldn’t overthink the gift. Instead of complicating things, think about what would make his life easier or more enjoyable. For instance, if he is a music lover, you could give him tickets to his favorite concert or buy him that guitar he’s had his eye on. Notice what he likes to do and buy for himself: Does the man in your life have a? Does he have a habit of buying things that contribute to or grow his hobby? Noticing these things can make for great gift-giving ideas. If he has a hobby that he loves, give him a gift related to it. For example, does he play golf often? Get him a golf gift such as a replacement for the club he's always complaining about. Or, you could concentrate on the things he wants to do but hasn’t. Maybe you’ve heard him talk about wanting to try rock climbing — why not make his day and give him the gift of lessons? 10 Holiday Gift Ideas That Men Actually Want It’s time to get into the specifics. Here are some of the best holiday gifts for him. 1. Grill Set If the man you’re shopping for likes to cook outdoors, you have a lot of choices, but to make the gift special, why not opt for a grill set? Just like how pool players take their pool sticks seriously, any griller worth this salt understands that the tools he uses can make cooking that steak or hamburger even better. And if you want to make the gift even more special, consider personalizing it with his name or a funny saying. 2. Engraved Decanter Set If he likes to pour his drinks in style, an engraved decanter set could be the ideal gift. You can engrave the glasses with his initials, or engrave the decanter with his name or some other sentimental text. This gift is best for anyone who likes to entertain and wants to make a good impression when serving drinks. 3. Wallet Men carry a lot of important stuff in their wallets. A wallet not only needs to be practical and a size that will hold everything they carry, it also needs to match their style. Some men like simple leather wallets while others like metal wallets. If the man in your life needs a new wallet, make sure you understand his style and then wow him with a new one. 4. Watch Watches have come a long way, and if he hasn’t caught up to the times and still wears the same watch he wore a decade ago, it might be time for an upgrade. Pay attention to his style and select a watch that matches it. Would a leather band fit his style, or would a gold or silver band fit into his wardrobe and lifestyle? If he is adventurous, think about giving him a watchmaking kit so he can make his own unique watch. Watches make an excellent luxury gift for him, if you're looking for something a little more pricey. 5. Personalized Toiletry Bag If the man you are buying a gift for travels a lot, a custom toiletry bag could make a great personalized gift. You can find toiletry bags in leather in various colors or bags that are made from other types of materials. One hint if you want to buy the right style is to look at his luggage and match it as closely as you can. 5. Cigar Humidor If the man you’re buying for loves good cigars, he would likely love a good humidor to store them in. When searching for a humidor, be sure to think about the quality. A good-quality humidor will allow him to store the cigars and keep them fresh for months. 7. Laptop Bag Does he carry his laptop to and from work or when he travels? If so, a laptop bag could make a perfect gift. Look for a bag that matches his personality — whether it’s made from canvas, leather or another material — and ensure that it has enough pockets and compartments to hold the rest of his gear. This is a great tech gift for any man who carries his laptop with him. If you want to make it even more special, personalize it with his name. 8. Hot Sauce Set As a general rule, men love hot sauce. In fact, you likely know a man who has participated in a hot pepper-eating contest. If the man in your life loves hot sauce, a hot sauce set might make a well-appreciated unique gift. You can find sets that include various styles of hot sauce in many different types of bottles and containers. If you choose this gift, have fun with it and find one that matches his personality. If you can't find enough to complete a set you can use individual bottles as stocking stuffers! 9. Cooler If he likes to spend time at the beach, lake, pool party or campground, a cooler would make a great gift. You can get him a cooler that will keep his favorite canned beverages cool for days, or you could opt for a mini-cooler if he only needs it for a few hours. Just like with any other gift, if you personalize the gift it will make it that much more special to him. Plus, it will ensure that his cooler doesn’t get mixed up with his friends’ coolers. 10. Subscription Box If you want to give him a gift that keeps on giving, think about signing him up for a subscription box. You can find subscription boxes for beer lovers that will deliver a beer or wine of the month, movie collections for movie night enthusiasts, or even shaving essentials for the burly gentlemen. If you choose this type of gift, he will think of you every time a new box shows up in his mailbox! Yes, You Can Find the Perfect Gift for Him Finding unique gifts for men doesn’t have to be difficult. To find the perfect gift for him, focus on his personality, style and needs, and soon, you will know just what type of gift to buy. And don’t forget to get jewelry insurance if you choose fine jewelry as a gift. For instance, if you buy him an expensive watch and you make insurance a part of the gift, he will relax, knowing that any loss resulting from theft or damage will be covered. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

December 05, 2022 04:18 PM Eastern Standard Time

Holiday Jewelry Buying Guide for Her

Benzinga

If you are looking for jewelry as the perfect gift for your girlfriend, wife, sister or friend, you have a lot to consider. After all, jewelry is a personal gift, and you can’t give her just any piece of jewelry. Instead, you’ll need to put a lot of thought into it to ensure that you give her a piece that she will love and wear for years. If you know you want to buy her jewelry but aren’t sure how to go forward, our holiday gift guide will help you find the best gifts. Buying the Perfect Gift for Your Special Someone Gift buying is an art; when you get that perfect gift, the recipient will remember it forever. And jewelry tops the list of great gifts because of all the options associated with it. For instance, you can give timeless pieces; you can customize jewelry to make it even more personal; you can purchase matching sets for friends or family; you can give permanent jewelry; and more. Even better is the fact that a gift of jewelry will last for years as long as it’s properly cared for. And if you want to take your holiday jewelry gift to the next level? Include the first year of jewelry insurance if you plan to give a piece of high-end jewelry. 5 Holiday Jewelry Gift Ideas While giving jewelry is personal because people have their own style, some traditional jewelry gifts appeal to everyone. You can make the gift special by keeping in mind the recipient’s style and how they like to wear their jewelry. Here are some unique gift ideas that will warm her heart during the holiday season. 1. Earrings If you’re looking for holiday gifts for her where you can get a little crazy, earrings are a great choice. Earrings are an ideal gift for people who like to express themselves in creative and unique ways. For instance, you can give an ear cuff or wrap perfectly sized hoops for the woman who loves the simplicity of thin gold. On the other hand, if she is more conservative in her dress, think about small diamonds or pearl earrings. 2. Rings When it comes to jewelry gifts, rings are in a special category of their own. Whether you are surprising her with a holiday proposal and an engagement ring or want to give her a ring that fits her everyday style, a ring will please even the most discerning woman in your life. You will have many options when it comes to rings. You can give a unique custom ring that draws attention, or you can buy an understated ring that looks expensive and classy. You will find many different price points when buying a ring. 3. Necklaces Giving her a necklace is a great choice because this type of jewelry gives her a chance to stand out in the crowd. You can give her a statement piece that draws attention or you can opt for an understated piece that is adorned with a single gem. You can also give a more traditional necklace such as a band of pearls or a long gold or silver chain. 4. Watches If you want to give a jewelry gift that combines beauty and practicality, a watch is a great choice. And you won’t be limited by only a few styles. You can opt for a classic watch with a thin gold band and understated face, or a unique watch that shows personality, or even go more modern and get an apple watch. Price is a factor with a watch gift, as well. You can choose an inexpensive watch or opt for a high-end watch. Either way, ensure that you choose one that fits her style and personality. 5. Bracelets Another great jewelry gift is a bracelet. Because these pieces of jewelry come in so many styles and colors, your choices are seemingly endless. You can give her a simple gold bracelet, or you can opt for a colorful bracelet made of various materials. Another great gift for her is a permanent bracelet. She will think of you every time she feels the gold touch her wrist. How to Pick the Right Piece of Jewelry As wonderful as gift jewelry is, if you select a piece that doesn’t go with her style, she may not wear it often. Here are some things you can do to ensure that you choose the right piece for her. Consider Her Style Preferences Every woman has a style of her own, and that style extends to her jewelry. Pay attention to the jewelry that she wears. Does she prefer gold or silver, maybe rose gold? Does she wear pieces with diamonds or does she prefer colored stones? Is her favorite jewelry made up of large, showy pieces, or does she prefer smaller, understated pieces? Does she view jewelry as an investment or does she prefer inexpensive jewelry that she can change often? The type of jewelry she wears now will give you insight into her style – and you can use that to select the ideal jewelry piece for her. Take into Account Her Lifestyle Her lifestyle should also take a front seat when selecting jewelry for her. For instance, does she like to wear her jewelry 24/7 or does she take it off every night? Does she work in a creative atmosphere where she can wear unique pieces, or does she work in an office where she needs to wear more modest pieces? Is she active? If so, you may not want to give her a dangly bracelet or necklace that will get in the way while she's working. Think Beyond Rings Although rings make an excellent holiday jewelry gift in many circumstances, there are some instances when it’s best to avoid them and think about a different type of jewelry. For instance, if you’re dating her and are not ready to make a commitment, a ring would not be an appropriate jewelry gift because it could too easily be associated with a wedding ring. Don’t Break the Bank It can be tempting to buy her the most expensive piece of jewelry in the showcase, but before you do that, think about your budget. If you keep the other tips in mind and select a piece of jewelry that fits her style and life, you can get away with a less expensive piece. By shopping around, you can find budget-friendly options that she will find stunning. Consult with Jewelers If you’re not certain about what type of jewelry to buy for her, it’s a good idea to meet with a few jewelers and talk to them about your choices. When you meet with them, ask about their bestsellers, which may inspire some ideas for your gift. If she has a jeweler, speak to them about her past preferences and that may lead you to a better idea of what she would love for this gift. Select the Perfect Holiday Jewelry Gift for Her Giving jewelry as gifts is a great way to let her know that you love and appreciate her. But it’s important to understand what type of jewelry she loves and what jewelry will fit into her lifestyle. Don’t forget to speak to jewelers if you aren’t sure how to select the perfect gift. And if you choose a high-end piece, be sure to insure the jewelry to ensure that it’s replaced if it’s lost, damaged or stolen. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

December 05, 2022 04:10 PM Eastern Standard Time

Affirm’s Budgeting Tips for the Holiday Shopping Season

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/p9Es_lAlsAQ Amid inflation, managing your money has never been more important - especially during the holiday season. Affirm recently revealed that nearly half of Americans pointed to budgeting for all of the purchases they need to make this holiday season – for everything from gifts to travel to hosting – as one of their top sources of stress. Katrina Holt – Financial Health Expert, Affirm recently conducted a nationwide media tour discussing the top budgeting tips ahead of the holiday season to help you manage your finances. Top insights that Katrina Holt shared included: ● Tips on how shoppers can better manage their finances this holiday shopping season, especially amidst increased costs o Affirm’s data shows that 60% of Americans typically exceed their holiday shopping budget, with about 50% going over by up to $500. ● How transparent, flexible payment options, like Affirm, can be a useful budgeting tool and help shoppers take control of their finances ● The gotchas and gimmicks that consumers should keep an eye out for when they shop, especially 0% APR credit card promotions that often come with deferred interest that results in a balloon payment later ● Why consumers should rethink swiping their credit cards this year to avoid excessive fees Affirm offers eligible consumers the ability to pay over time, surfacing customized biweekly and monthly payment plans for each purchase. Unlike credit cards and other buy now, pay later options, Affirm evaluates every transaction individually before responsibly extending access to credit. Through a free, soft credit check that doesn’t impact consumers’ credit scores, Affirm determines eligibility and helps protect borrowers from overextending themselves. Since the company’s founding over a decade ago, Affirm has never charged a penny in late or hidden fees. For more information, visit Affirm.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 02, 2022 02:03 PM Eastern Standard Time

Video

Tech the Halls

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

December 02, 2022 10:55 AM Eastern Standard Time

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Sara Wingate Bako Honored by University of South Carolina College of HRSM with 2022 Distinguished Alumni and Friends of the College Award

YourUpdateTV

Sara Wingate Bako earned her degree in retailing from the University of South Carolina in 2004. Today she serves as president of London Times, a division of Maggy London Group. Four University of South Carolina alumni have been recognized by the College of Hospitality, Retail and Sport Management for their leadership and accomplishments in their field. The College of HRSM Distinguished Alumni and Friends of the College Awards are presented annually and celebrate industry professionals, organizations and friends of the college who are making an impact on the industry or who are helping to advance the College of HRSM’s education excellence. Congratulations to Sara Wingate Bako, 2022 College of HRSM Distinguished Alumni and Friends of the College award winner. Sara Wingate Bako earned her degree in retailing from the University of South Carolina in 2004. Today she serves as president of London Times, a division of Maggy London Group – a women’s designer apparel brand specializing in dresses. Throughout her distinguished career, Bako has remained engaged with her alma mater – providing mentorship and career development opportunities for students and serving on the Industry Advisory Board for the Department of Retailing. Career Highlights Prior to joining Maggy London in 2022, Bako spearheaded the launch and oversaw management of three brands; Cupio, Cupio Blush, and Adyson Parker. Bako has held numerous executive positions with companies such as Takeout Inc., HMS Productions, and NYC Alliance. Her retailing career started in 2005 in the executive training program with Macy’s where she went on to become a buyer before moving to New York City to pursue wholesale and merchandising. She is a member of two exclusive leadership groups, Chief and the Women in Retail Leadership Circle. HRSM Distinguished Friend of the College Award: Contemporary Services Corporation Established in 1967, Contemporary Services Corporation, CSC is the world leader in crowd management and event security. CSC’s esteemed clientele base includes more than 180 stadiums, arenas, and theaters, over 110 universities and scholastic institutions, nearly 50 convention centers, and numerous clients within the professional ranks of MLB, MLS, NBA, NFL, NHL, and NASCAR. CSC has also provided services for the world’s most prestigious special events, including Collegiate Bowl Games, NCAA Final Four Tournaments, Ryder Cup, Presidents Cup, Kentucky Derby, 32 Super Bowls, 10 Olympic Games, 5 Presidential Inaugurations, 4 Papal Visits, and 2 FIFA World Cups. CSC operates 49 branch locations throughout the United States and Canada and has a long-standing partnership with the University of South Carolina. Numerous South Carolina graduates are currently working in various managerial positions with CSC. CSC provides South Carolina students with unique opportunities to gain event experience at the largest sporting events, including the Super Bowl, MLB All-Star Events, PGA Championship, Ryder Cup, Players Championship, Presidents Cup, Kentucky Derby and many more. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 01, 2022 11:00 AM Eastern Standard Time

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HIBBETT BOARD OF DIRECTORS NAMED TOP 20 FINALIST FOR 2022 NACD DIVERSITY, EQUITY & INCLUSION AWARDS

Hibbett, Inc.

Hibbett, Inc. announced today that their Board of Directors is one of four finalists in the category of public company small cap 2022 for the NACD Diversity, Equity & Inclusion Awards. The awards recognize boards that have improved their governance and created long-term value for stakeholders by implementing forward-thinking diversity, equity, and inclusion (DE&I) practices. “We are honored and grateful to receive this recognition from NACD amongst such an impressive group of fellow finalists,” said Tony Crudele, Chairman of the Board, Hibbett, Inc. “Our team believes that leading with inclusiveness is critical at all levels to cultivate an authentic representation of our communities and to create a competitive advantage. In building the team, our approach is simple; hire the most qualified candidate that brings a unique skill set and perspective.” “Hibbett has worked to achieve great strides in creating an equitable boardroom,” said NACD president and CEO Peter Gleason. “NACD is proud to honor Hibbett for advancing DE&I in their boardroom and throughout their organization." Hibbett has strategically repositioned the company while prioritizing diversification of the Board. Since 2018, Hibbett, Inc. has undergone a significant transformation of its Management and Board of Directors composition. The company is currently represented by a Board of Directors with 80% who self-identify as diverse. Hibbett’s Board sets the tone for the inclusive culture of the company. Hibbett has taken important steps to integrate DE&I into many aspects of the company to positively impact both associates and customers including: Creation of Hibbett MVPs – Mission-Vision-Position Principles to celebrate individuality and self-expression Implementation of Human Capital Management System (HCM) to impact diversity of employees and leaders, increase employee engagement and prioritize pay equity Creation of “ Ignite ”-our employee resource group to empower emerging female leaders Recruiting at Historically Black Colleges and Universities (HBCUs) Sole School® community giveback programs to support underserved schools and athletic programs Support Her Sole™ program to highlight successful women in sports and business and support millennial and Gen Z women Celebrating Heritage Months and Identity Recognitions Winners will be announced at the NACD DE&I Awards Gala at Gotham Hall in New York City on Wednesday, December 7, 2022. Visit the NACD DE&I Awards site to learn more about the gala and sponsorship opportunities. For more information on NACD’s commitment to the advancement of DE&I at the board level, and for further insights, trends, and perspectives on this issue, please visit the NACD Center for Inclusive Governance™ and the NACD Diversity, Equity & Inclusion Resource Center. About Hibbett, Inc. Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1,117 Hibbett and City Gear specialty stores, located in 36 states nationwide. Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear, apparel and equipment from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases online or in their nearest store by visiting www.hibbett.com. Follow us @hibbettsports and @citygear on Facebook, Instagram and Twitter. About NACD The National Association of Corporate Directors (NACD) is the premier membership organization for board directors who want to expand their knowledge, grow their network, and maximize their potential. As the unmatched authority in corporate governance, NACD sets the standards of excellence through its research and community-driven director education, programming, and publications. Directors trust NACD to arm them with the relevant insights to make high-quality decisions on the most pressing and strategic issues facing their businesses today. NACD also prepares leaders to meet tomorrow’s biggest challenges. The NACD Directorship Certification® is the leading director credential in the United States. It sets a new standard for director education, positions directors to meet boardroom challenges, and includes an ongoing education requirement that prepares directors for what is next. With an ever-expanding community of more than 23,000 members and a nationwide chapter network, our impact is both local and global. NACD members are driven by a common purpose: to be trusted catalysts of economic opportunity and positive change—in business and in the communities we serve. To learn more about NACD, visit www.nacdonline.org. Contact Details Wendy Yellin pr@hibbett.com NACD Shannon Bernauer sbernauer@nacdonline.org Company Website https://www.Hibbett.com

December 01, 2022 09:00 AM Eastern Standard Time

REPORT: Online marketplaces in India to reach $350B in Gross Merchandise Value by 2027

Accel India

With a large addressable market, growing online shopper base, and increasingly digitised MSMEs, online marketplaces in India contribute more than $100 billion in gross merchandise value (GMV), with B2C e-commerce marketplaces being the single largest segment, contributing $50 billion. Over the next five years, the marketplaces sector is expected to more than triple, to reach $350 billion in GMV. These marketplaces will be creating $400–$500 billion in enterprise value, contributing more than 5% to India’s GDP, enabling more than 15 million micro, small, and medium enterprises (MSMEs) to grow their businesses online, and creating 7 million jobs by 2027. These are among the findings of a new report “ The Rise of Digital Bazaars in India ”, released by Bain & Company and Accel today. Marketplaces have created tremendous value for individual buyers, for businesses, and for the economy alike. Arpan Sheth, Partner at Bain & Company and co-author of the report said “ Marketplaces have contributed to India’s growth story by offering greater access to capital and innovative financing solutions for traditionally underserved segments; enabled MSMEs to transact online, with an increased pan-India reach; and have provided employment opportunities to more than 3 million gig workers in India. India has cultivated a vibrant and successful marketplace landscape, demonstrated by the sheer breadth of more than 300 funded marketplaces across multiple categories like retail, education, healthcare, travel, financial services, etc. Almost 20 marketplaces reached more than $1 billion in GMV and many players are turning profitable. While online marketplaces will continue to be dominated by B2C e-commerce with 40% of the total GMV in 2027, the B2B e-commerce marketplaces GMV is slated to grow by five times its current size to reach $55 billion, followed closely by online food delivery which will almost triple in size to reach nearly $22 billion. Not just for buyers and sellers, marketplaces have also seen significant traction with investors in recent years, having received cumulative funding of $30 billion between 2018 and October 2022. B2C e-commerce, B2B e-commerce, and online food delivery were among the highest- funded marketplaces sectors, together accounting for close to 60% of total funding received in the last 5 years. From B2C e-commerce marketplaces leading the share of deal volumes in 2018, B2B e-commerce marketplaces emerged as the frontrunner in 2022, with deal volumes growing to 31% of the total deals in the year so far. 2021 was a landmark year, which saw funding in marketplaces reaching $16 billion, growing four times compared to 2018 and deal volumes doubling in the same period. However, in 2022 year-to-date (YTD) marketplace funding activity has been moderate at $4.5 billion, given the tempering of 2021 highs, valuation corrections, and muted sentiments in global public markets. Prabhav Kashyap, Partner at Bain and Company and co-author of the report said, “ Dealmaking in the short to medium term is likely to be more measured and valuation multiples will see some degree of rationalisation. The future of marketplaces, on the other hand, is robust and with strong growth in their GMV and continued interest from investors, we expect the segment to see ample opportunities and a strong pick up. While the marketplace model is popular across multiple categories, upstream business-to-business (B2B), fintech, and shipping and logistics are some of the most exciting areas. These sectors show evidence of successful marketplaces as well as significant headroom for growth of new or emerging players.” Upstream B2B presents as a $1 trillion+ opportunity and a high margin potential; with fragmented supply, need for disintermediation, and government initiatives being key growth drivers. Fintech marketplaces have also grown owing to the low penetration of financial/insurance products, digitisation of user base, and availability of easy-to-use digital platforms. An approximately $200 billion addressable market and supply chain inefficiencies have resulted in a surge of tech-based shipping and logistics marketplaces. Anand Daniel, Partner at Accel and co-author of the report said, “India is one of the world’s fastest growing and most dynamic emerging markets. Our report on the country’s digital bazaars reveals the extent to which marketplaces have grown in this market across both business-to-consumer and business-to-business segments. More than 1/3rd of large outcomes in our start-up ecosystem have been marketplaces and contribute to more than $100 billion in GMV. Accel India is fortunate to have partnered with many of these marketplaces from seed to scale. We have invested more than $700 million in these companies, and continue to look for more such opportunities.” The report highlights that the next wave of scale marketplaces has the potential to emerge in two additional major categories— (1)‘Bharat-first’ models driven by participation from tier- 3+ cities, and (2) global cross-border models addressing the export potential India has. Gaming, caregiver services, creative content, Web 3.0, have large-scale marketplaces in mature markets, but are currently nascent in India. They represent future trends in the Indian marketplace landscape, and are a precursor for these segments to grow large in India given proof of scale in US and China, where multiple unicorns are present in these areas. About Bain & Company Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future. Across 64 cities in 39 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10- year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry. For more, visit www.bain.com/india or https://twitter.com/BainIndia About Accel Accel is a global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, FalconX, Infra.Market, Chargebee, Clevertap, Cure Fit, Musigma, Moneyview, Mensa Brands, Myntra, Moglix, Ninjacart, Swiggy, Stanza Living, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or https://twitter.com/Accel_India Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.seedtoscale.com/marketplaces/digital-marketplaces-in-india

December 01, 2022 08:00 AM Eastern Standard Time

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