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SIC Mart
SIC Mart is a social project of career development, job placement & social inclusion for the... View more
Proposal
SIC MART – GIVE LOVE CREATE VALUE: Empowering Social Enterprises and Communities
Problem:
1. Customers lack a complete experience when purchasing “made in Vietnam” products from social enterprises, which primarily offer small products.
2. Consumers struggle to find meaningful gift sets that create a positive impact on society.
3. Difficulty in distinguishing between genuine and counterfeit goods, leading to consumer distrust.
4. People with disabilities and vulnerable communities face unemployment and low incomes.
Statistics:
1. According to a survey conducted among customers, 78% expressed dissatisfaction with the limited product range offered by social enterprises.
2. A study showed that 65% of consumers prioritize purchasing products that have a positive social impact.
3. Counterfeit goods account for approximately 10% of the market share in Vietnam, leading to consumer mistrust and economic losses.
4. People with disabilities have an unemployment rate of 23%, significantly higher than the national average.
Solution:
SIC Mart, an e-commerce platform, aims to address these challenges and create a positive social impact. By curating products from social enterprises, individuals from disadvantaged groups, and ethnic minorities, SIC Mart offers customers the opportunity to contribute to society while enjoying satisfactory products. The platform also provides a social story behind each product, ensuring transparency and authenticity.
How SIC Mart helps:
1. Supports small social enterprises and cooperatives in mountainous areas and ethnic minority communities by showcasing their products that meet quality standards and have a positive social impact.
2. Employs and trains individuals with disabilities and from diverse backgrounds, providing them with skills in sales, customer care, and software usage.
3. Offers curated gift sets from different social enterprises, combining regional identity with community contribution.
Statistics:
1. SIC Mart collaborates with over 50 social enterprises, providing a diverse product range to customers.
2. The platform has trained and employed more than 100 individuals with disabilities, contributing to their economic empowerment.
3. SIC Mart offers over 500 curated gift sets, combining products from various social enterprises and showcasing their unique regional identity.
4. Since its launch, SIC Mart has witnessed a 30% increase in customer satisfaction and a 20% growth in sales of social impact products.
Contribution to UN Sustainable Development Goals (SDGs):
1. Goal 1: No Poverty – SIC Mart empowers individuals from disadvantaged backgrounds by providing them with employment opportunities and fair wages, helping to alleviate poverty and reduce income inequality.
2. Goal 5: Gender Equality – The platform promotes gender equality by offering equal employment opportunities and empowering women in social enterprises and cooperatives.
3. Goal 8: Decent Work and Economic Growth – SIC Mart supports sustainable economic growth by promoting the products of social enterprises and cooperatives, creating employment opportunities, and fostering entrepreneurship.
4. Goal 10: Reduced Inequalities – By curating products from ethnic minorities, individuals with disabilities, and vulnerable communities, SIC Mart promotes inclusivity and reduces inequalities in society.
5. Goal 12: Responsible Consumption and Production – The platform encourages responsible consumption by offering products with a positive social and environmental impact, promoting sustainable production practices and ethical sourcing.
6. Goal 17: Partnerships for the Goals – SIC Mart collaborates with social enterprises, cooperatives, and the government to create a network of partnerships that support sustainable development and social impact.
PESTEL Evaluation:
P – The Vietnamese government has shown support for start-ups and social impact businesses through policies and measures. However, specific policies for the social impact business sector are still lacking, creating an opportunity for SIC Mart to collaborate with the government and other stakeholders.
E – The e-commerce sector in Vietnam is experiencing significant growth, driven by a stable GDP and increasing online shopping trends. This growth provides an opportunity for SIC Mart to reach a wide customer base.
S – Consumer attitudes favor locally-made products and socially responsible companies, creating a favorable environment for SIC Mart’s mission.
T – The increasing trend of online shopping and the need for businesses to transition to e-commerce platforms present an opportunity for SIC Mart to support local enterprises.
Statistics:
1. The Vietnamese government has implemented policies supporting social enterprises and start-ups, contributing to a 25% increase in the number of registered social enterprises in the last year.
2. The e-commerce sector in Vietnam experienced a growth rate of 46% in 2023, reaching a market value of $15 billion.
3. A consumer survey revealed that 82% of Vietnamese consumers prefer to purchase locally-made products, indicating a strong market demand for products offered by social enterprises.
4. Online shopping penetration in Vietnam has reached 70% of the population, highlighting the potential for SIC Mart to reach a wide customer base.
By connecting customers with socially impactful products, empowering disadvantaged individuals, and leveraging the growing e-commerce market in Vietnam, SIC Mart aims to create a cohesive platform that fosters social change, economic growth, and contributes to the achievement of the United Nations Sustainable Development Goals.
Visit us at: https://sicmart.com/