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MarketOrders News

MarketOrders Co-Founder invited to moderate National Technology News roundtable

Our COO Sukhi Jutla was invited to a private event to moderate a roundtable discussion on the topic of ‘’Success in the data-driven supply chain’’ at City Social, Tower 42 on the 10th of October.

Sukhi has extensive experience in digitising supply chains and has also written numerous articles on this topic. Her experience enabled her to lead an engaging discussion with 20 hand-selected high profile people who work as chief digital officers and supply chain experts from FTSE 250 companies.

Topics focused on the rise of artificial intelligence, the need for more entrepreneurialism within supply chain systems and the use of blockchain in shipping products on time.

The official writeup and pictures will be released in due time by National Technology News, who hosted the event.

See below for the topics that were discussed.

 

Topics:

Whilst the UK’s global trading routes face unprecedented political uncertainty in the form of Brexit and trade wars, the manufacturing sector is also tackling widespread digital disruption.

With digitised supply chain technology and an influx of new data rapidly gaining ground over outdated systems, businesses are turning to the Internet of Things (IoT), Electronic Document Management (EDM) and Robotic Process Automation (RPA) to ensure they can track this proliferation of new data sources and ensure compliance with changing customs and trading rules during and after Brexit.

However, as they attempt this, fragmentation, manual processes and legacy infrastructure have meant that many businesses are failing to harness the commercial potential locked within their data.

As a result, they are struggling to keep up with their supply chain partners and competitors in an increasingly connected world.

But global supply chains are also coming increasing regulatory pressure as well as board demands to do more with leaner infrastructure. As a result, it has never been more urgent for manufacturers to view their data in real time, and drive efficiencies from factory to shop floor in order to stay ahead.

This roundtable explored how companies are using new technologies to digitise their supply chains and overcome Brexit-related disruption by tracking orders across borders and improving overall business performance.

 

Topics for debate:

  • How can predictive analytics and alert systems help flag potential risks and forecast changes in supply and demand?
  • What role will IoT, machine learning and blockchain play in supply chain transformation?
  • How can integrated information systems help maintain compliance with changing customs and trading regimes after Brexit?
  • What are the risks involved in implementation of RPA?
  • How can data-driven supply chains help businesses prepare for Brexit-related disruption at the border?
  • What is the benefit of real time visualisation of data to track supply chain processes?
  • How can automated data flows improve communication between supply chain partners?
  • What are the challenges around integrating data management systems with existing EDM infrastructure?
  • How is merger and acquisition-related disruption holding up supply chain connectivity and digitisation?

 

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MarketOrders News

MarketOrders Co-Founder shortlisted as Digital Entrepreneur of the Year!

We’re very proud to announce that MarketOrders Co-Founder, Sukhi Jutla, has been shortlisted in the Digital Entrepreneur of the Year category at the Digital Entrepreneur Awards 2019.

Digital Entrepreneur Awards (DEA) celebrates the best of the UK’s digital business ecosystem.

A wealth of amazing organisations, businesses and individuals entered the awards demonstrating outstanding innovation, creativity and talent.

The finalists have been announced by Business Live and Business Cloud!

The awards, now in their 15th year, cover 20 categories encompassing every area of today’s digital business ecosystem from enigmatic leadership to forward-thinking development and cutting-edge creative.

The winners will be announced at a glittering ceremony at The Principal Hotel, Manchester on November 21.

 

Finalists in the Digital Entrepreneur of the Year category are:

Adam Frisby, CEO, InTheStyle

Somayeh Aghnia, Founder, Geeks

Sukhi Jutla, CEO & Founder, MarketOrders

Mark Roberts, Co-founder & CEO, Beer Hawk

Gareth O’Rourke, Founder, CHO Fashion & Lifestyle

Adeem Younis, Founder, Single Muslim

Louis James Davis, Davis Co Holdings Ltd & VST Enterprises

 

MarketOrders Press Release:

 

MarketOrders Co-Founder Shortlisted for National Digital Awards

Today, MarketOrders COO & Co-Founder, Sukhi Jutla, has been shortlisted as a finalist for the Digital Entrepreneur of the Year at the 2019 Digital Entrepreneur Awards (DEAs).

MarketOrders is an online marketplace designed by entrepreneurs, for businesses. Specialised in the gold and diamond jewellery industry, MarketOrders disrupts a traditional sector by using new technology which benefits both suppliers and retailers.

Created in 2016 by serial entrepreneurs Ram Krishnna Rao and Sukhi Jutla, MarketOrders aims to empower high street retailers by helping independent retail jewellers to get the products they need faster, cheaper and directly from global suppliers.

The DEAs are the only national awards dedicated to championing digital entrepreneurialism and innovation across the UK.

Sukhi Jutla reacted to her nomination: “It’s an honour to be named a finalist in the most competitive category in these digital awards. As the world continues to evolve and be shaped by new digital technologies, it is immensely rewarding and to be named as someone who is contributing to these exciting changes and being a part of leading this conversation of change in the digital landscape especially through my work with MarketOrders.net”

The finalists beat off competition from hundreds of businesses that entered, across 20 award categories.

The awards, now in their 15thyear, cover categories encompassing every component of today’s online business ecosystem – from enigmatic leadership to forward-thinking development and cutting-edge creative. Categories include Social Media Campaign of the Year, Most Innovative use of Video or Animation and the coveted Digital Entrepreneur of the Year award.

Previous winners of the awards span a range of sectors, from retail giants like Sainsbury’s and PrettyLittleThing to smaller, more agile digital specialists like Social Chain and Clicky Media.

Among the judging panel are Jacqueline de Rojas, president of techUK and chair of the Digital Leaders Board; Heather Waters, enterprise manager at NatWest; Vikas Shah, CEO of Swiscot Group and Susie Ma, founder and CEO of Tropic Skincare.

One of the UK’s true tech heavyweights joins the judging panel this year. President of techUK and chair of Digital Leaders, Jacqueline de Rojas serves on the government’s Digital Economy Council and is an advisor to a number of fast-moving tech companies.

Commenting on the DEAs, de Rojas said: “We are known as a nation of innovators and of entrepreneurs. It is quite simply a privilege to judge the technologies and innovators at the frontier of change.

“The UK is a nation of technological significance and shining a light on entrepreneurship in this space is a way of investing in our digital future.

“I have seen the smallest of changes make the biggest of differences and I am delighted to see the creativity of our digital entrepreneurs fixing real-world problems that are worth solving.”

Visit the DEA website for a full list of finalists or for details on how to book a table at the final ceremony.

 

You can find the official DEA release here.

Fingers crossed!

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MarketOrders News

MarketOrders awarded at Digital Enterprise Show in Madrid

Our Co-Founders Ram & Sukhi spent 3 days in Madrid at the Digital Enterprise Show (19-21 May 2019), the must-attend event on digital transformation with 26,342 attendees from over 50 countries.

Here is a summary of what they’ve been up to:

 

DAY 1

  • Radio interview with Spain’s Capital Radio
  • Video interview with DES | Digital Enterprise Show
  • Panel talk on how to get more women into technology
  • Book signing event for Sukhi’s book “Escape The Cubicle: Quit The Job You Hate, Create a Life You Love” where she met with fans and readers
  • Meeting with investors for our crowdfunding campaign

 

DAY 2

  • Sukhi delivered her Keynote talk in the Inspiration Arena called ”MarketOrders: How you can forge a successful career in blockchain technology.”
  • Sukhi & Ram attended the Gala Dinner Awards in the evening to celebrate the European Digital Mindset Awards where MarketOrders picked up the Finalist award for ‘ BEST 2019 DIGITAL DISRUPTOR IN START-UPS’. The Gala was great fun with fantastic entertainment and great food. Thank you, DES!

 

DAY 3

  • Sukhi & Ram spent the day meeting with potential investors as there was a lot of support from people and interest in our crowdfunding campaign.
  • They also attended a number of presentations on blockchain including decentralised ledgers, fintech, asset tokenisation and blockchain within governments. It is clear to see that there are still many possibilities unexplored in the blockchain area and it is good to see these conversations taking place.

 

They look forward to coming back next year!

 

Here is some coverage about the event where you can spot MarketOrders Co-Founders Sukhi and Ram with their awards in the pictures:

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MarketOrders News

Creating the future of millennial retail with cryptocurrency

 

While the volatility is positive for speculative investors, it is also causing more hesitancy on the part of consumers to use it as a reliable fiat currency alternative. Unfortunately, the cryptocurrency craze has attracted too many ICO startups whose intentions are focused solely on watching their valuation being pushed to the pinnacle by the speculators. Often, there is no other utility outside of their cryptocurrency merely being a way to inflate their bank accounts.

 

MarketOrders solves the problem and challenges faced by offline retailers in dealing with millennial generations of consumers by creating a tech marketplace for them. Millenials are Smartphone driven and attention deficit and need to be able to access information on demand and on their mobiles.

 

 

photo credit: https://pixabay.com/en/office-meeting-business-partners-336368/

 

How is MarketOrders solving this challenges?

 

MarketOrders is bringing a Converging platform for offline retailers to future proof it by embracing new technologies using blockchain technology- NOT the least of which is the advent of cryptocurrency.

 

Blockchain invented a trust-less decentralized currency, owned and transacted by entire communities and movements. This could not be accomplished with traditional [fiat] currency in the circulation.

 

photo credit: https://pixabay.com/en/block-chain-shaking-hands-handshake-3468276/

 

 

For the first time in the modern history, communities can be served by currencies of choice without geographical boundaries, language, race, and religion restriction.

 

Despite a multifold of possibilities this new technology presents, it is critical that MarketOrders focuses initially on embracing this digital era and the millennial uprising that is causing disruption to offline retailers [brick and mortar].

 

This trend is being driven by a desire to tap into the rise of the experiential economy.

 

This experience became the blueprint for every brick and mortar shops. Digitization brings so much of convenience but customers are still looking for surprises and spontaneity in their shopping experience, which can only be achieved with a physical environment.

 

This actually creates positive tension between convenience and smart shopping with the experiential element to it and bring realization to an entire retail industry that in today’s digital and fast-moving technology world, only remain constant is the change.

 

Therefore, retailers are under pressure to move quickly to implement technology into their business. Retailers are constantly seeking technologies to both bolster customer experience and increase efficiency. To execute this vision of online and in-store experiences powered by technology, retailers need to leverage the critical skill sets of both business leaders and infrastructure and operations professionals, which can be very expensive for small retailers.

 

Written by CEO & Founder, Ram Krishnna Rao

 

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MarketOrders News

Why the future of retail sits at the intersection of e-commerce and the physical retail shop?

 

The digitisation of Gold Jewellery Industry on MarketOrders platform becomes location agnostic and open to global gold jewellery industry which can constantly evolve by investing in and building Unique IP that will add value for every participant on the platform.

 

In order to make MarketOrders a strong marketplace for the gold jewellery industry, MarketOrders must continue to invest heavily in machine learning, blockchain technology and data – analytics capabilities to gain and gather intelligence from trade data flow.

 

 

MarketOrders enhances the intersection of e-commerce and physical retail stores. Retailers understand that strong customer engagement can only be achieved by implementing new innovation and new technology. This realization causes retailers to think about the need to innovate. They are constantly seeking to evolve and innovate. To execute this vision of an in-store experience powered by technology, retailers need to leverage the capital-skill set of both infrastructure and operations which can cost them a fortune.

 

Keeping in mind that retailers are prime for fresh ideas and new approaches, MarketOrders platform introduces new technology to retailers to help elevate the customer experience and create an incentive for shopping offline and driving purchase intent by increasing the visibility of demand  by allowing retailers to discover product of relevance, reduce shoppers frustration and help create pleasing experience and increasing chance of customer delight.

 

We believe that the future of retail sits at the intersection of e-commerce and the physical retail shop. MarketOrders will bring and enhance these two experiences into a seamless integrated and complementary approach.

 

 

The ultimate goal of MarketOrders is to help retailers to leverage real-time placement for retail stores which will create a concentrated and consolidated Marketplace with retail-user interface integration with a unique point of buying. This will enable and optimize retail buying to be unique, personalized and enable customisable experiences and pushes retailers to know who is their customer in the rise of the experience economy.

 

Today, the world is entering a new phase of globalization where digital technology is rapidly changing the nature of doing business. MarketOrders platform is adopting the technology to digitize the entire end to end supply chain of the gold jewellery industry in this new world across physical and digital commerce by bringing a centralized hub and digitising it.

 

Written by CEO & Founder, Ram Krishnna Rao

 

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MarketOrders News

Why the gold jewellery industry must adopt a platform strategy

 

The gold jewellery industry is a very ancient industry. It is as old as civilisation itself when early humans would gift gold and adorn it on their bodies. From day one it has had a cultural and personal significance. And thousands of years later, it still remains an untapped and fragmented market where technology has yet to make it smark on this industry worth $175 billion dollar industry.

 

photo credit: https://pixabay.com/en/sculpture-museum-perth-gold-digger-1104196/

 
Today, this industry still operates in a highly fragmented and scattered manner. As a result, the industry must re-invent itself as a hub suited for the digital world.

 

Today in digitally dominated economies, marketplaces offer customers the opportunity to connect with one another. The Gold Jewelry industry must adopt this approach of a centralized marketplace. In a way, the marketplace is the most ancient way of trading goods. And this is also where the digital age has gravitated towards – a marketplace that is truly global in scale with thanks to technology.

 

A digitised centralised platform will act as a key advantage for sellers and buyers by allowing them to connect through a digitally initiated platform.

 

Today, digital technologies are changing the nature of globalization. The digital economy is driven by the rapid growth of a digital transformation and it’s happening at a breakneck speed.

 

photo credit: https://pixabay.com/en/bitcoin-money-virtual-market-3137984/

 

The MarketOrders platform will be an engine of innovation for gold jewellery retailers specifically and retailers in general SME’s as it will allow them to participate in international trade without the need to invest in their own technology-driven supply chain.

 

In the changing landscape, gold jewellery retailers and the entire industry needs to re-imagine and re-invent its position in centralised platforms and leverage its current strength in physical gold trade retailing to create a new digital trade.

 

 

Written by CEO & Founder, Ram Krishnna Rao

 

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MarketOrders News

Why is the B4B model so important in today’s digital consumer world?

 

Mobile technology and the Internet have empowered consumers in a way that they are now more informed about market offers than the retailers trying to sell to them. Changing their minds or switching providers is now as easy as clicking a mouse. 

The combination of commoditization and the empowered customer makes it even more important to have a Consumer Centric Culture where the experience of purchasing is just as important as the product that has been purchased. (Check out the last post to learn more about the Consumer Centric Culture).

 

 

Therefore, business owners must be able to buy the products they need in order to customise their customer’s requirement and be able to compete effectively in todays ‘experience economy’.

 

photo credit: https://pixabay.com/en/computer-laptop-business-office-3246121/

 

From B2C to C2B

Today’s era is no longer B2C but C2B. The consumer drives the transaction. Therefore, the B2B concept of “Make, Ship, Sell” is no longer applicable and is instead replaced by the B4B concept which allows retailers to buy “On Demand”.

 

 

The B4B model encourages manufacturers to stop thinking about how they can sell more products and start thinking about understanding and actively working with retailers to arrive at a specific end result. Manufactures should be working for retailers, not the other way around.

 

 

Applying the B4B concept, MarketOrders built the platform to bring “visibility of supply and Demand” for both retailers and manufacturers by “Digitization” of the entire gold jewellery industry by centralisation. A central network platform will successfully help to map out customer needs and desires which will help retailers to practice and implement a customer centric culture in return.

 

 

MarketOrders will help retailers to discover what their customers want, create greater density with designs and selection, a transparent system and increase the ability to tap into global sellers directly and faster, which will allow speed to market.

 

 

Now, using the B4B concept, business owners will be surrounded with a customer-inspired culture. In today’s digital customer era, creating a customer centric culture is and should be a top priority for all businesses, especially independent small retailers, in order to thrive in today’s customer first world.

 

The future is centralisation

Centralisation allows data and insights to be collected from every transaction. These insights can help grow the business of the participant on the platform with greater engagement to their customer closer. The building of technology embedded on the MarketOrders platform is focused on customer experience and the customer focus is at the heart of the snowball effect.

 

 

When you add the B4B concept with a centralised network, we will help small businesses to be in better control of their success at scale.

 

photo credit: https://pixabay.com/en/jewelry-manufacturing-manufacturing-1381501/

 

Why does the gold jewellery industry need centralization?

By centralizing the supply chain in the gold jewelry industry, it gives both retailers and suppliers a greater level of visibility in terms of where to source the best products they need.

 

 

The B4B model allows the technology to be built around the customer and helps small business owners understand their customer needs. For once, there will be the ability to see buying trends within the gold markets and this data can be used to generate deep insights for retailers to help drive their business success through better decisions making. These data based insights will drive greater adoption for more business growth and ultimately lead in helping achieve targeted business outcomes.

 

What do you think of the rise of the B4B economy? Post your comments below.

 

Written by CEO & Founder, Ram Krishnna Rao