Visible minority businesses and visible majority businesses and the industries they serve have been plunged into crisis as a result of SARS-CoV-2.
While some industries and businesses are facing existential challenges, others are booming. Still there are old industries to be resurrected and new ways for bringing those under threat into new or expanded supply chains.
As the pandemic linger and continue to flip economic and social norms practitioners and researchers in trade, business, research, policy and international development must engage and work more closely together for driving rapid adaption, understanding of trends and helping countries to leverage and seize diaspora capital and pathways to new markets.
Economic development clusters, producers of geographical indications (GIs) and creative industry service providers must meet to discuss and plan the way forward.
This session aims to translate high level briefings to actions, policy and strategy directions for Chambers of Commerce and their members ― both established and diaspora entities (various diasporas and chambers).
Participants will be able to share challenges and opportunities with experts; as well as learn from experts. The Roundtable will explore and discuss novel solutions and best practices for keeping sustainable trade, and safe supplies flowing in addition to leveraging diasporas, home and cultural knowledge for diaspora and domestic market economic recovery and growth.
Practitioners in international trade, development and businesses will create their network map and agree novel ways of working together and harvesting best and emergent practices for business and driving international trade while building stronger resilient organizations.
Industry focus: Climate finance, agri-business and foods, high value manufacturing, crafts, fashion, fragrance, healthcare, the creative industries, development consulting, and education
On the agenda, participants will discuss:
Tour of Chamber Economic Impacts and recovery: The impact of COVID-19 on diaspora and established chambers of commerce and their members. What are some new and proposed business models for stronger businesses during and post the coronavirus crisis challenging period and develop robust post-crisis business models?
Blockchain, Artificial Intelligence and Technology Adaption: It is clear that technology and its adaption saves human lives as well as businesses. But creating awareness on what and how for SMEs is often at a cost that widens the chasm of access and inequalities. How can Chambers and development organizations work together to make facilitate awareness creation, reskilling and adaption? What resources exist for reducing the barriers of access and cost of adaption?
Diaspora Capital, Economic Development Clusters & Sustainable development: COVID-19 have left us little choice other than to build trust, collaborate and cooperate. Finding local and global solutions requires that we meet, connect and risk it together for profit and growth.
How can industry clusters, chambers and development professionals collaborate, facilitate capacity building and investment flow for driving innovation that contributes to long-term viability, sustainability and harmonious societies?