Business Threat Seminar Discusses Governance Model & Livelihood Protection

 

COVID 19 Caribbean Diaspora Business Response News

Gina Sanguinetti Phillips 5Caribbean governments should build a financial protection strategy that combines instruments that address different layers or types of  risks. So said Gina Sanguinetti-Phillips, Program Manager at Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC).

She was speaking at the fifth global Outride: COVID 19 Business Threat Seminar recently hosted by Magate Wildhorse Ltd, Toronto and attended by representatives in various diasporic markets as well as participants in the Caribbean.

Among the protection strategies and instruments shared by Sanguinetti-Phillips were:

  • parametric insurance, traditional insurance,
  • CAT-Bonds,
  • contingency debt facility, donor assistance (relief and reconstruction),
  • budget reallocation, tax increase and
  • credit (domestic and external) depending on the phase of the disaster response.

The climate risk finance and protection opportunities shared are available to both governments and vulnerable low-income individuals such as “small farmers, tourism workers, fishers, market vendors and day labourers. Vulnerable income individuals can benefit through the provision of  quick cash payouts following extreme weather events (specifically, high winds and heavy rainfall)”.  Participants expressed a strong desire contribute and benefit as business leaders and investors in their home countries.  They pressed for Caribbean wide access to the livelihood protection and other solutions. Sanguinetti-Phillips noted that between 1970 and 2017 damages from natural disaster totaled US $156 billion dollars.

Rudi Page of Making Connections Work, UK invited Gina to share the opportunities with diasporans in the UK.  Available scholarships and internships in climate risk finance were also of interest.

The MarathonerUnveiled at the event was the hybrid core-peripheral network governance model with integrated market mode— for governing and coordinating a comprehensive diaspora and Caribbean response. The model was shared by Meegan Scott, Principal at Magate Wildhorse Consulting. It is an inclusive and collaborative mechanism for delivering business and economic recovery.  The model has been adapted for advancing individual and collective sustainable development goals and ambitions of Caribbean diasporans, home and host countries.

Scott pointed out that the model will eliminate negative competition and allow for different organizations and individuals to advance their visions while contributing to global and local action and results.

The core-periphery structure is often used for driving resilience because it allows for connectivity, idea generation, and information flow including during emergencies or shocks.  The flow can be intensified or scaled down as required for drawing in the public and private sectors as well as civil society as needed.

There will be a need for “significant changes in culture, practice, entrepreneurship in diasporic markets,  and the need to develop key industry market sectors”. “In addition, other social and economic challenges must be addressed, it was therefore essential to include a market mode”. The market mode will complement the network to deliver effective coordination and the development of efficient markets. Complete with diaspora-coordinated working groups, communities of practice, networks and communities, governments, think tank and markets, the model will drive the delivery of profit, purpose, mission-driven social impact and functions of key stakeholders and duty bearers in the third, public and higher education sectors in host and home countries. The model was partly informed by research on COVID 19 and its impact on diaspora organizations being by Scott since April of this year.

In another session Scott shared about Supply Chains, opportunities and strategy responses and hidden industry sectors impacted COVID 19 that hold pivot opportunities for entrepreneurs.  Jennifer Clémence Graham, Managing Director and Senior Consultant at JG&G Consulting Services Inc. highlighted the importance of being social while presenting “ Digital Transformation – Process Pivots for COVID 19 and Beyond”.  Theo Chambers, Motivational Speaker at CaribAcademy reminded the gathering “To be an entrepreneur you don’t have to fear, always do your best, consider how you spend your day, get ready for of any opportunity you can afford or manage”. He also cautioned the audience “not to participate in the recession”,  but to borrow that approach used with success by Sam Walton of Walmart during the 1991 recession.

Roy Page, of Asterix Tourism Services Ltd asked that the gathering consider the financing challenges faced by the Government of Jamaica and growing debt to the Chinese.  That came as the group contemplated the need to shift the mix of remittances towards investment in productive capital. The agriculture sector and food security were named as a priority. Rudi Page, Dr. Roy Davidson, of UNI Healthcare Inc and Andrew Sharpe of Authentic Caribbean Foundation championed health care and disability while Philip Bedward of Pathways, championed education.

Factored into the strategic profit and purpose responses of the organizational leaders for helping themselves, host and home countries were:

  • Predications of a more active hurricane season or the Caribbean with a forecast of 7 to 9 hurricanes, two of which are expected to become major.
  • The pronouncements of the United Nations Economic Commission for Latin America and the Caribbean (UNELAC), for the region shared by Gina “the COVID-19 pandemic will result in the worst economic contraction in the history of Latin America and the Caribbean” and that will that will come “sharp increases in unemployment; reduction in household incomes and the ability to meet basic needs; falling commodity prices; reduction in international trade; and increases in the poverty rate”.

CCRIF, the world’s first multi-country multi-peril risk pool based on parametric insurance and provides parametric catastrophe insurance for Caribbean and Central American governments. Their solutions covers drought, public utilities, agriculture, excess rainfall,  tropical cyclone, and fisheries, the tourism industry included.  The group will reconvene to look at trade, finance and investment as well as how to leverage the governance model for impactful joint response and recovery during and post the COVID 19 era;  as well as how to better prepare to help the Caribbean through relief, recovery and reconstruction phases of environment, climate, health crisis and other shocks.

 

Covid 19 banner strip slim

Outride: COVID 19 Business Threat Seminar

utride covid 19 business seminar free

“Embracing risk for driving vision and growth”.

Join us for this diaspora business and non-profit leaders’ event.

Tell a friend, let’s gather in the thousands or hundreds of thousands!

Up to 1000 places reserved for entrepreneurs from mainstream majority groups              [Entrepreneurs with no Caribbean roots, Africans in Africa, all ethnicities, speaks and understand English]

Thursday, April 16, 2020 | 2:00 PM Eastern

Registration fee: Free

Speaker Sneak Preview

Mark Brown                                                                                                         Jamaica’s World Champion of Public Speaking, International Keynoter

Professor Amit Kapoor                                                                                     President & CEO of India Council on Competitiveness, Honorary Chairman at Institute for Competitiveness.

Victor Tembo                                                                                                  Head of Procurement, Green Climate Fund

Meegan Scott                                                                                                      Owner and Strategic Management Consultant at Managing Director of Magate Wildhorse Consulting, Founder of The Community of Practice for Caribbean Immigrant Entrepreneurs

Networking Session                                                                                 Orville Patrick with Music by Big 7 Promotions                                     Bring your water or champagne in your glasses and your snack of choice.       smileyred lipstick No eating of your snack before the time we remember this happening to some in 2018,                    

Moderator and convener: Meegan Scott

Watch this space for updates!

Normality risk intellligence by Meegan ScottOutride is a series of 5 stand-alone seminars and action research designed to bring diaspora and Caribbean entrepreneurs across all continents together to:

  • share experiences
  • learn how to leverage risks intelligence for driving their business vision and growth during COVID 19 and beyond
  • execute actions for driving your business forward on spot through our built-in market meeting events
  • have fun, build real networks

Event features: Motivational talk, panel discussion, COVID 19 business community experiences (open mic―diaspora and in Caribbean segment), Elevator pitches (The first 20 registered to per series), one-on-one global matchmaking sessions, mainstream and diaspora entrepreneurs networking session

Series focus:                                                                                                              April 16, 2020                                                                                                              Series 1:  Risk Intelligence

Featured sessions:

Motivational Talk for COVID 19, with Mark Brown, World Public Speaking Champion

Risk Intellgience for Outriding COVID 19, focus on Business Models, Supply Change, Customers, the raise of Authoritarian States, Future Growth, Capital, Humanity and Nature, with Professor Amit Kapoor, Institute of Competitiveness India

All speakers COVID 19 Outride black background

April 23, 2020                                                                                                          Series 2: Strategy planning for Outriding COVID 19

Featured Session                                                                                                Agribusiness Sector — Market Intelligence Planning & Response to COVID 19

COVID 19 Risk Intelligence: Are Your Legal Rights Protected in This Time of Uncertainty?

April 30, 2020                                                                                                           Series 3: Customer Service, Value & Sales

Featured session                                                                                                  Boosting Sales & Marketing with Social Marketing

May 7, 2020                                                                                                                Series 4: Nonprofit Governance and Response

Featured session                                                                                                  Risk Intelligence for Outriding COVID 19 — Key Questions,                                Practical Responses for SMEs

May 14, 2020                                                                                                            Series 5: Diaspora Supply Chain― Who’s Who

      Featured sessions

  • Disaster Risk Financing: CCRIF, Climate Risks and COVID-19
  • Digital Transformation – Process Pivots for COVID 19 and Beyond
  • Supply Chain― Diaspora Who’s Who for Outriding COVID 19
  • Diaspora entrepreneurs and wholistic sustainable economic recovery and development – A Governance Model.

May 21, 2020

Series 6: Trade, Finance and Investment

Featured Sessions 

  • Banks, Trade Finance, SMEs & COVID 19
  • Trade, Finance & Investment Insights for Outriding COVID 19
  • Deep Dive into Core Periphery Governance Network w Market Mode

May 28, 2020  

Featured Sessions 

Series 7: Wealth and Community Impact—COVID 19 and Beyond

  • Diaspora Investment Opportunities: Rechanneling Remittances Towards Productive Capital & Climate Finance
  • Delivering Impact—Strategic Planning, Assessment and Community Involvement
  • Comments on MSMEs and Diaspora Direct Investment (Jamaica & the Caribbean)

June 4, 2020  

Featured Sessions 

Series 8: Outride: COVID 19 — Old Markets, New Markets, Different Results

  • Strategic Alliances between GI Producers & Diaspora
  • The Joy Spot Motivation Talk
  • COVID 19 and Beyond — The Food Trade (An Overview)
  • 10 Steps – to Resilience & Risk Intelligence Competent Assignment

June 11, 2020

Delivered June 12, 2020

Featured Sessions

Series: 9 COVID 19 Opportunities — SDGs, Evaluation, Performance & Your Pivot

  • The Decade of Evaluation for Action – What’s in It for Caribbean Communities
  • The Joy Spot Motivation Talk
  • A Moment with Miss Lou
  • COVID 19 Opportunities — SDGs, Evaluation, Performance & Your Pivot (For profits & Non-profits)
  • Getting Ready to for re-opening of COVID 19 Closed Economic Activities & Markets

June 18, 2020

Featured Sessions

Series 10: Outride COVID 19 — Can Your National Brand Attract the Big Spend?

  • Doing Good, Doing Well: The Secret of National Image
  • The Joy Spot Motivation Talk
  • A Moment with Miss Lou
  • Jamaica Diaspora Week Salute
  • Tough Marketing for Tough Times
  • Cultural Sayings & Resilience Building Behaviours – Open Mic & Networking

Outride : COVID 19 Business Threat Seminar Series Extra

Series 11Citizen Generated Urban and Rural Data for Citizen-Centric Smart Sustainable Cities and Diaspora Change Makers

July 16, 2020

Email magate.wildhorse (at)gmail.com to be among the first to receive the link.

Embrace rIsks COVID 19 Too! by Meegan ScottExpress your interest in participating at: magate.wildhorse (at)gmail.com

Procurement officers and buyers in search of COVID 19 and other supplies are welcome to participate.

Outride: COVID 19 Business Threat Seminar is a global disapora entrepreneurs affair!                                                                                                                            Leaders of mainstream businesses with an interest in doing business with diaspora entrepreneurs are welcome to register for the match making and networking sessions.

Brought to you by Magate Wildhorse Consulting, 10 Times and The Community of Practise for Caribbean Immigrant Entrepreneurs (Home of BIDEM Conference & Trade Show)

Advance or maintain the progress.

Footer sustainable develop seminar

Outride: COVID 19 Business Threat Seminar

utride covid 19 business seminar free

“Embracing risk for driving vision and growth”.

Join us for this diaspora business and non-profit leaders’ event.

Tell a friend, let’s gather in the thousands or hundreds of thousands!

Up to 1000 places reserved for entrepreneurs from mainstream majority groups              [Entrepreneurs with no Caribbean roots, Africans in Africa, all ethnicities, speaks and understand English]

Thursday, April 16, 2020 | 2:00 PM Eastern

Registration fee: Free

Speaker Sneak Preview

Mark Brown                                                                                                         Jamaica’s World Champion of Public Speaking, International Keynoter

Professor Amit Kapoor                                                                                     President & CEO of India Council on Competitiveness, Honorary Chairman at Institute for Competitiveness.

Meegan Scott                                                                                                      Owner and Strategic Management Consultant at Managing Director of Magate Wildhorse Consulting, Founder of The Community of Practice for Caribbean Immigrant Entrepreneurs

Watch this space for updates!

Normality risk intellligence by Meegan ScottOutride is a series of 5 stand-alone seminars designed to bring diaspora and Caribbean entrepreneurs across all continents together to:

  • share experiences
  • learn how to leverage risks intelligence for driving their business vision and growth during COVID 19 and beyond
  • execute actions for driving your business forward on spot through our built-in market meeting events
  • have fun, build real networks

Event features: Motivational talk, panel discussion, COVID 19 business community experiences (open mic―diaspora and in Caribbean segment), Elevator pitches (The first 20 registered to per series), one-on-one global matchmaking sessions, mainstream and diaspora entrepreneurs networking session

Series focus:                                                                                                              April 16, 2020                                                                                                              Series 1:  Risk Intelligence

April 23, 2020                                                                                                           Series 2: Strategy planning for Outriding COVID 19

April 30, 2020                                                                                                           Series 3: Customer Service, Value & Sales

May 7, 2020                                                                                                                         Series 4: Nonprofit Governance and Response

May 14, 2020                                                                                                             Series 5: Diaspora Supply Chain― Who’s Who

Event registration link coming soon…

Embrace rIsks COVID 19 Too! by Meegan ScottExpress your interest in participating at : magate.wildhorse (at)gmail.com

Outride: COVID 19 Business Threat Seminar is a global disapora entrepreneurs affair!                                                                                                                            Leaders of mainstream businesses with an interest in doing business with diaspora entrepreneurs are welcome to register for the match making and networking sessions.

Brought to you by Magate Wildhorse Consulting, 10 Times and The Community of Practise for Caribbean Immigrant Entrepreneurs (Home of BIDEM Conference & Trade Show)

Advance or maintain the progress.

Footer sustainable develop seminar