September 2024

Mohammad Anas Wahaj | 27 sep 2024

According to Goodera website (goodera.com), Skill-Based Volunteering (SBV) involves assisting and helping nonprofits in specific work areas through professional skills, knowledge and expertise. Leila Saad, CEO of Common Impact, says, 'SBV involves a little more effort than traditional volunteering. Employees use their professional skills in areas such as technology, HR, and finance to support a nonprofit that has an internal need. In particular, companies that have (artificial intelligence) expertise are interested in giving that resource back to nonprofits. According to Stanford Social Innovation Review article 'The Promise of Skills-Based Volunteering' (Authors: Christine Letts; Danielle Holly), 'Employers sometimes cast a wary eye on SBV, though, because it is complex to implement, it requires a longer-term commitment, and the results of the engagement can be harder to measure. Traditional community engagement programs such as grantmaking and volunteerism - by contrast - more readily align with a company's short-term quarterly outputs. And because the goals of these types of projects are narrower, the results can be easier to measure.' Tammy Perkins, chief people officer at ProService Hawaii, says, 'Making volunteering part of our workplace culture boosts employee morale, fosters teamwork, improves our community, and strengthens company culture. We think of volunteering less as a way for employees to polish their skills and more as a way for us to use our collective expertise to support these vital community services.' Meg Garlinghouse, vice president of social impact at LinkedIn, sees benefits for the company's workers and says, 'Employees are gaining and refining skills like empathy, teamwork, communication, problem solving, creativity, presentation skills, and more. According to a six-year study that the Boston College Center for Corporate Citizenship conducted of a professional services firm found a 36% reduction in attrition for employees who participated in SBV, compared with those who did not. A 2024 Deloitte survey found that 91% of professionals indicated volunteer opportunities can have a positive impact on their overall work experience and connection to their employer. According to the SHRM's 2024 Employee Benefits Survey, more than 1/4 (28%) of 4529 respondents said that their organization provided the benefit of time off for volunteering. Ms. Perkins says, 'Ultimately, a purpose-driven workforce leads to better performance and a stronger, more unified organizational culture, and the nonprofit organizations who benefit are often under-resourced, especially in the area of HR.' Read on...

SHRM: Skills-Based Volunteering Uses Employee Talents to Benefit Nonprofits
Author: Kathy Gurchiek

Mohammad Anas Wahaj | 23 sep 2024

One of the major transitions in product designing was industrialization. It shifted the focus from idea of craftsmanship to a more rigid production and manufacturing framework that lead to higher volumes of product in less time and lower costs through industrial design. But another inflection point that is now happening in product design is sustainability. Organizations are adopting sustainable design practices due to many reasons such as focus on net-zero emmissions, customer sentiments related to environmental impact, capture ESG (Environmental, Social, Governance) investments, overcome resource scarcity etc. Sustainable design functions on the complex relationships between the goals of a product, its manufacturability, and its performance in the field. The focus in this case is not solely on cost, quality, and time, but on the need to understand the impact the products and manufacturing have on the environment. Comprehensive digital solutions can assist to incorporate sustainability from the early stages of conceptual design. For successful implementation of sustainability in the design process requires a balance with the traditional business drivers of cost, time, and quality. Integrating sustainability into conceptual design, supplier sourcing, detailed design, validation, and design improvement is the key to a successfully sustainable product design. For businesses to move into the future with sustainable design requires, in addition to developing a mindset to think about sustainability as early as possible in design, but also providing the structure, data and tools to achieve success within a more complex web of requirements and benefits. Read on...

Smart Industry: Sustainability: The next step in industrial design's evolution
Author: Eryn Devola

Mohammad Anas Wahaj | 17 sep 2024

Ecommerce is a necessity for global businesses. Studies show that there will be 2.71 billion online shoppers in 2024. Global ecommerce has its own challenges and strategic requirements that need to be addressed by businesses to succeed in diverse markets. According to estimates B2B ecommerce will reach US$ 36 trillion by 2026 and B2C ecommerce will reach US$ 5.5 trillion by 2027. Global ecommerce reached US$ 4.8 trillion in 2023 and by 2027, about 23% of total retail sales will happen online. SOME TOP GLOBAL ECOMMERCE STATISTICS - Latin American countries (LATAM) will continue to adopt ecommerce in coming years and will see a 22% growth between 2023 and 2026 - accumulating more than $700 billion in total combined online retail sales; Philippines' ecommerce market is the fastest-growing in the world, with a 24.1% growth in sales in 2023; Almost half of US shoppers plan to spend more online in 2024; As of January 2024, the average conversion rate across ecommerce sites was 1.88%, a 0.14% increase from the previous year; The global B2C ecommerce is expected to reach US$ 9 trillion by 2032; Social commerce is poised to grow at a CAGR of 30% from 2023 to 2030; 89% of retailers foresee an increase in revenue between 1% and 9% for 2024; 47% of leaders indicated ecommerce profitability is a primary driver of operating margin increases in 2024; 97% of companies globally reconfigured their supply chains in 2023; Shipping rates saw a 193% rate increase since October 2023; 46% of retail respondents expect AI to enhance end-to-end supply chain visibility; Foreign direct investment in North America has grown by 134% since 2020. GLOBAL ECOMMERCE TRENDS TO WATCH - Global inflation pressures (57% of consumers are worried about inflation); More consumers will shop on their smartphones (Some forecasts mobile commerce to reach US$ 558 billion in 2024, accounting for 7.6% of total retail sales and global mobile commerce market was worth US$ 2.2 trillion in 2023); A new mix of marketing channels (Social commerce, live shopping/livestreaming commerce, connected TV advertising); A slowly stabilizing supply chain; Faster deliveries for everyone, no matter where the customer is; Online returns are growing with ecommerce; Improving workforce management with AI (41% of retailers aim to improve workforce management using AI in 2024); Growing sales in China (market s estimated to be worth US$ 1.43 trillion in 2024), APAC (estimated market size of US $4.2 trillion in 2024) and India (market size will reach US$ 111 billion by 2024). Read on...

Shopify: Global Ecommerce Statistics: Trends to Guide Your Store in 2025
Author: Michael Keenan