Today in Global Small Business: Global Entrepreneurs Share Common Traits

©iStock/Sanja Radin

What's affecting me, my clients, my colleagues and other global small business owners:

• Global entrepreneurs share common traits (jump to No. 3).
• Small merchants and sole proprietors are the ideal laboratory for Google and its strategic partner Global Payments as they experiment with creating new digital shopping experiences, according to executives from the two companies.
• To reach the global climate goal of halving emissions by 2030, we can’t leave behind global small-to-medium-sized enterprises (GSMEs). But helping them will require collaboration and support from the large corporations that are often GSME’s most important clients.
• Quote of the week: “When you need to innovate, you need collaboration." – Marissa Mayer
• What it takes for small and growing global small businesses to transition to Net Zero.
• When planning global campaigns, the answer is redefining key customers and using global tools to understand and target them.

Disruption in the Fashion Industry: Gray Market Digital Sales Emerge

©iStock/Grosescu Alberto Mihai

Want to be a player in the multibillion-dollar luxury “gray” market, a fast-growing sales sector that has historically operated out of sight of most Western consumers?  Think of is as a secretly discounted modern luxury digital market. 

Try these on for size:  Baltini (Italy), Italist (USA), FarFetch (London), and Cettire (Australia).

Gray market sales – or what used to be known as parallel importing – have been ending up in millions of digital shopping baskets. Read on to learn more.

The Fashion Law is a website exploring the legal and commercial challenges facing the gray market industry.