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Packworks, a Filipino startup, has won a prestigious Global Stevie Award at the 2024 International Business Awards for its dedication to empowering grassroots entrepreneurs.

PRESS RELEASE

Filipino startup Packworks wins Global Stevie Award for empowering grassroot entrepreneurs at 2024 International Business Awards

Manila, Philippines – Packworks, a Filipino startup that provides a business-to-business (B2B) open platform to sari-sari stores, has been announced as the Bronze Stevie Award winner “Company of the Year – Computer Software – Medium-size” category in the 21st Annual International Business Awards.

The prestigious honor recognizes Packworks’ significant contributions to the tech and retail sectors in providing cutting-edge solutions that support local micro-entrepreneurs.

“This award reflects how our mission resonates with business leaders globally and validates the significance of our work. At Packworks, we are committed to empowering sari-sari stores through our open platform, driving innovation in the e-commerce and retail sectors,” said Bing Tan, Co-founder and CEO of Packworks.

Out of more than 3,600 nominations submitted by organizations in 62 nations and territories, Packworks was as one of the winners this year. Stevie Award winners were determined by the average scores of more than 300 executives worldwide who participated in the judging process in June and July.

The annual International Business Awards, dubbed as “the Olympics for the workplace,” is “the world’s only international, all-encompassing business awards program” that aims to recognize high-achieving organizations and executives around the world.

Leading real estate developer Ayala Land emerged as the top winner with 25 total Stevie Award wins.

Through Packworks’ platform, over 270,000 sari-sari stores nationwide are able to digitize their day-to-day operations from pricing tools to inventory management and sales and revenue tracking, as well as give them access to working capital loans. Its partner stores are also able to reap more income through discounts from partner FMCG brands and companies. 

The Bronze Stevie award is the latest accolade for Packworks. Last year, Forbes Asia recognized Packworks as one of the companies to watch in the Asia-Pacific region in its 100 to Watch List of 2023. In November, Packworks was also named Startup of the Year gold winner at the first-ever KMC Startup Awards.

For more information about Packworks and its mission to empower sari-sari stores nationwide, you may visit http://packworks.io/.

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OTHER KEY INFO:

• Packworks was born in 2018 out of a passion project by Tan alongside co-founders Ibba Bernardo and Hubert Yap, who first started as motorbike buddies delivering solar panels to provinces and far-flung places across the country. During their excursions, they saw firsthand the challenges brought by limited access for sari-sari store owners and embarked on developing an application for small store businesses to have a one-app stop for all their needs. 

• Launched as a solution for multinational companies with only a handful of sari-sari store partners, Packworks has rapidly expanded as a B2B platform that enables growth and success throughout all stakeholders in the supply chain ecosystem, from small sari-sari store owners to wholesalers, distributors, and renowned FMCG companies and brands. With about 75% of sari-sari stores owned by women, Packworks also works to empower female entrepreneurs.

• In 2022, Packworks launched the business intelligence tool Sari IQ, which utilizes data analytics to understand and predict consumer behavior, enabling retailers and multinational brands to make data-driven decisions that boost sales for sari-sari store owners and expand their product offerings to a larger customer base.

About Packworks

Packworks is a startup company that provides a business-to-business (B2B) platform that is easy to use, has low bandwidth, and has a light footprint that will allow sari-sari store owners to become more efficient in managing their business. Founded in 2018 and started as a solution for multinational companies in the Philippines to connect with neighborhood stores, the platform has now transformed into a way out of poverty for the millions of sari-sari store owners across the Philippines. Packworks empowers the sari-sari stores through scalable and accessible technology, with its team composed of dedicated developers, programmers, and technicians that work to put the power back into the hands of the people at the heart of Filipino communities by providing them with digital opportunities previously only available to big companies. By bringing technology-based solutions to one million Filipino sari-sari stores, Packworks is driving toward a more progressive, connected, and inclusive Philippines.

Conclusion

Packworks’ victory at the 2024 International Business Awards with a Global Stevie Award is a remarkable milestone for the Filipino startup scene. This accolade not only highlights Packworks’ innovative efforts to empower grassroots entrepreneurs but also underscores the global impact of Filipino startups in driving meaningful change. By fostering entrepreneurial growth at the grassroots level, Packworks is setting a new standard for innovation and inclusivity in the business world. This recognition is a testament to the power of startups to transform communities and economies, marking a significant achievement for both Packworks and the broader entrepreneurial ecosystem in the Philippines.

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This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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