CategoryAPAC (Asia-Pacific)

Q&A: New Executive Chairman David Pottruck Back In the Game With Grovara

A few months ago, David Pottruck decided he had enough. At 70 years old, the former CEO of Charles Schwab and New York Times best-selling author was listening to the universe, and the time felt right to spend time on other things. He stopped his investment activity, shut down his San Francisco office, let his […]

Grovara Raises $5.5 Million Seed Round to Transform Global Commerce with First B2B Global Marketplace for U.S. Healthy Brands

PHILADELPHIA–(BUSINESS WIRE)–Grovara, the largest B2B global marketplace for U.S. natural and organic brands, announced today the closing of a $5.5 million seed round financing to transform global commerce. David Pottruck led the round and was named Executive Chairman, and he was joined by SPINS, Bluestein Ventures, Spiral Sun Ventures, Siddhi Capital, CEAS Investments, and E […]

Coronavirus Impact on Global Shipping Too Big to Ignore

While concern around the globe has vacillated between nuisance and panic, the effects of the recent coronavirus outbreak are becoming much clearer — and more serious —  for the global economy. Guidance from supply chain experts indicates Chinese factories won’t resume production for 3-4 weeks, which would have a significant impact on international shipping. Dreary […]

Grovara Pledges to Only Use Carriers Supporting $5 Billion, Industry-Led Effort to Eliminate CO2 Emissions From Global Shipping

It has been two years since the United Nations’ International Maritime Organization (IMO) agreed to a 50% minimum reduction of total greenhouse gases from international shipping, which is responsible for 2% of the planet’s anthropogenic CO2 emissions, a figure expected to rise to 17% by 2050 if unregulated.  It is only recently, however, that concrete measures […]

Why B2B E-Commerce Marketplaces Are Revolutionizing Global Trade

In October, the United States government issued an RFP for e-marketplace platforms in an effort to become leaner with the $260 million it spent online last year on products and services. The U.S. General Services Administration, which oversees federal procurement, wants to move fast and start implementing proof-of-concept early next year with a handful of federal […]

TRENDS: OK Boomer, Millennials Will Lead the Snack Revolution

Some of the same forces shaping B2B eCommerce are also driving what and how we feed ourselves. Snacking might get a bad rap — how many times have we heard or said “No snacks before dinner!” — but snacks are overtaking meals in the hearts, minds, and bellies of consumers, and millennials are leading the love affair. Global snack […]

Why Home Depot Failed In China

Home Depot bought Home Way, a Chinese home improvement company, in 2006. The acquisition marked the first time Home Depot had expanded beyond North America. With a booming economy and strong real estate market, China seemed like an easy win for Home Depot. Within six years, the company had closed all its stores in China. […]

Carrefour Sells Control of China Business

  Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the world’s No. 2 economy after years of decline. The yielding of control comes after a long search for a partner for […]