We made the Mad33!
What a great honour for the MarketOrders team!
The Mad33 are nominated by you, selected by an expert panel of judges and Making A Difference in the world right now.
Find out who are the other 32 changing the world here.
Category: MarketOrders News
June 9, during the virtual edition of TECH Conference Europe, leaders of several tech industries, including MarketOrders, will meet online to discuss the recent updates that are shaping our future.
Our COO, Sukhi Jutla, is looking forward to speaking on the panel “FASHIONTECH – IS THE FASHION SECTOR SUFFERING OR INNOVATING”.
Jovita Gabnienė (Dispute Resolution & Entertainment Attorney / Ambassador of TECH Conference Europe Baltics Edition) will moderate the panel and be joined by Stefania Barbaglio (Founder and Director at Cassiopeia Services), Filipa Neto (Innovation Principal at Farfetch), Karim Coppola (Founder and Creative Director at VISORE LAB) and Sukhi.
Get more information here.
Get your ticket here.
Our Co-Founder & COO, Sukhi Jutla, was recently named a Rising Star by Professional Jeweller.
The Rising Stars category honours some of the emerging lights and unsung heroes of the UK jewellery industry.
Here is how Professional Jeweller describes the awards:
“Every company has some hidden treasures working tirelessly behind the scenes to help bolster business in the area they are in.
Whether that’s a young designer introducing fresh ideas, or a store manager inspiring the team to secure sales, or even someone who gets involved in wider trade initiatives because they are passionate about the industry’s future, every role in a business is there for a reason and we wanted to make sure some unknown names and new faces got applauded for their efforts in our 2020 power list.”
Find out more here.
The MarketOrders team has been nominated for 2 HERoes Awards!
Our Co-Founder & COO, Sukhi Jutla, has been nominated for the HERoes Women Executives 2020 Award and our Head of PR & Communications, Caroline Hoffmann, has been nominated for the HERoes Women Future Leaders 2020 Award.
About the awards
The HERoes Women Role Model Lists showcase leaders who are championing women in business and driving change for gender diversity in the workplace.
100 Women Executives
Women who are leading by example and driving change to increase gender diversity in the workplace. Nominees for this category are working within three levels from the chief executive within large organisations, or are leaders of smaller organisations.
100 Women Future Leaders
Inspirational women who are not yet senior leaders in an organisation but are making a significant contribution to gender diversity at work.
Learn more here!
Our Co-Founder & COO, Sukhi Jutla, was recently quoted on the 100 Women in Fintech list, by 100 Women in Finance.
100WF empowers women through each career stage. To promote success, they encourage female founders and investors to be more visible – to their colleagues, to current and future investors, to the media, to conference producers, and to the next generation of women entering the FinTech industry.
Check out the list here.
11th of March 2020 was an important day in the UK as new chancellor Rishi Sunak delivered his first budget post-Brexit.
Whilst there was a heavy emphasis to address the Coronavirus crisis it was reassuring to see the Government was aware of the impact on small businesses this crisis has bought and more crucially, announced measures on how it can support SMEs which make up the lifeblood of the UK economy. Most startups, like MarketOrders fall under this category so here we look at how the Budget will affect our customers and industry and how best to prepare for the changes.
The Chancellor did not shy away from the reality of the situation we find ourselves in saying:
“There is likely to be a temporary disruption and “challenging times” to our economy. For a period, it’s going to be tough, ‘’ said chancellor Rishi Sunak.
The consumption of gold jewellery during these challenging times may be impacted with fewer visitors to high street jewellers as people opt to stay at home or self-isolate.
The reassuring news is that the UK government has put in place various measures to help with this difficult and hopefully temporary situation.
With a £30bn fiscal stimulus to support British people, the new 2020 budget should help British jobs and British businesses to face the virus.
Here are some of the points that are addressed with this new 2020 budget and the impact on our industry:
Business Rate Discounts for Small businesses with a rateable value below £51,000
With countries going into lockdown, the biggest concern is for SMEs and how they will survive if there is no footfall or visitors to their stores. For jewellery retailers who already have limited online presence, their physical stores are a key way to generate sales and revenues and they are heavily reliant on keeping their stores open. But there are no customers then overhead costs will continue to be difficult to pay for. Business discounts will provide some relief for these retailers
Business interruption loans for small businesses
SMEs could apply for loans to help them cover the next few months of uncertainty especially if the country goes into lockdown or more people start to self-isolate which will cause ghost-like high streets and empty shopping malls.
Bank of England announced an emergency cut in interest rates
So far, the high duty of 12.5 percent on gold coupled with the goods and services tax has made buying jewellery very costly, thus affecting consumer demand. But things might change as gold is seen as a safe haven asset in troubled times. as we see rates cut this may encourage savers to put their cash into assets typically seen as safe options in times of uncertainly.
We may actually see purchases of gold jewellery rise in this instance as a result as gold is typically seen as a reliable and safe store of value that can be liquidated with ease.
Some jewellers believe “this could see gold jewellery, in particular, emerge as a favourable investment option in 2020”, says Shreyansh Kapoor, Vice-President, Kashi Jewellers.
Employment allowance increase for small businesses
Most SMEs have limited cashflow so help with sick pay and employee leave will be a huge source of assistance to smaller enterprises who may not be able to fund employees to self-isolate if needed.
Cancelled events
Organisers for the Istanbul Jewellery Show have confirmed that the event will be postponed amid the recent coronavirus outbreak. The event, which was due to take place later this month, is now scheduled to take place between 18-21 June 2020.
Concluding Notes
Small Business looking at their business expenditures and at getting more creative in their product order might be struggling with stock, delivery, and inventory management.
This is where MarketOrders platform could come handy by helping these jewellery retailers having an online presence and by reducing unnecessary stock of gold jewellery.
In times of uncertainty, MarketOrders could help them make smarter purchase decisions and help their business grow without typically tying up too much unnecessary capital in holding products and inventory they may struggle to sell.
Our Head of PR & Coms, Caroline Hoffmann, was recently nominated for the Rising Star Awards by WeAreTheCity.
The shortlist will be announced on 20 April 2020 on the WeAreTheCity and Rising Star websites and through Twitter @watc_updates.
Caroline reacted to the news: “I’m really honoured to be nominated for the Rising Star Award. It means a lot to me and shows how much I’ve accomplished since I joined the MarketOrders team and how much my team and supporters believe in me!”
Fingers crossed!
Our COO, Sukhi Jutla, our CEO, Ram Krishnna Rao, and our Head of PR & Coms, Caroline Hoffmann, are all nominated for the Women’s Business Awards, respectively in the categories Businesswoman of the Year, Man of the Year and Creative Business Award.
The Women’s Business Awards recognise and celebrate the best businesses in the country. Award winners can be recognised in the business community and winners are not selected through votes or reviews alone but by each sponsor thorough investigation.
Sukhi reacted to the news: “It’s an honour to be recognised for these awards which are so important for continuing to shine a spotlight on UK entrepreneurs and business owners and highlights role models for the next generation of digital leaders”.
Ram said: ”It’s important to highlight the great achievements women make in business and it’s an honour to be recognised for the small part I can play in helping to make this world a more gender-equal and inclusive place so that any woman thinking of starting out in business will never hesitate to do so.”
Caroline commented on her nomination: “What a reward to be recognised as a woman in business! Three members at MarketOrders have been nominated in different categories and it really shows how hard and well we work as a team.”
Find out more about the awards here.
Our Head of PR & Communications, Caroline Hoffmann, has recently become a mentor at WeWork Labs.
Supporting early-stage startups over the world, she teaches and advises their teams on strategies related to social media, public relations, events, and press relations.
WeWork Labs is The We Company’s global platform for early-stage start-ups and forward-thinking enterprise companies. They empower inventive humans and organisations to shape the present and influence the future.
They start with thoughtfully designed spaces that inspire our global community of entrepreneurs to experiment, collaborate and grow. Within these spaces, they foster meaningful connections between start-ups and the educational, mentorship and financial resources needed to drive their businesses forward.
So far, Caroline has advised companies based in London and Hamburg from different industries such as Fintech, healthcare, well-being, sustainability, cyber-security…
Connect with Caroline on LinkedIn now!
Get more information about WeWork Labs here.
We couldn’t be prouder of our team at MarketOrders, supporting the British Sports Youth Trust by delivering homeless people in London food, warm clothes, and sanitary products.
You can support the charity by donating on the Just Giving page here or join our team in the streets of London on Sundays!
The British Sports Youth Trust aims to promote and protect the wellbeing (physical and mental health) for the public benefit, in particular, but not limited to young people and their families.
They deliver a wide variety of services and activities aiming at promoting and supporting better living for all.
The activities are focused on inclusion and equality and a chance for better living for all to achieve improved equal life chances for all.
Their ambition is to help as many young people and their families from poorer or disadvantaged backgrounds as possible in achieving better living through our services. Find out more on their website here.
The ‘Feed ze streets’ initiative started over a year ago when the charity realised that most people donate during the holidays but are less likely to help during the rest of the year. The charity decided to start a campaign called ‘Keep the Christmas spirit going’, to make sure homeless people would get support throughout the year; this initiative never stopped.
Today, a team of around 15 people gather on Sundays and spread through the capital to deliver what’s needed: a warm meal, a pair of socks, a coffee, a toothbrush…
Watch a short video documentary here!