Name: Shaily Garg
Business Name: GlobalFair Impex
Location: San Jose, California, USA
Establishment (Year): 2021
Category: Retail - Construction Materials
Website: https://www.myglobalfair.com/
Social Media: Linkedin
Company Detail:
At GlobalFair, they are building the largest technology-first global supplier of construction materials. A $1.4T market globally, being handled with low reliability and zero transparency across the supply chain. They aim to bring the required manufacturing innovation to enable easy, efficient, and hassle-free cross-border trade.
Unique Selling Proposition or Competitive Advantage:
GlobalFair distinguishes itself through proprietary tech solutions, pioneering a technology-first approach in cross-border trade. Their intelligence platform for global B2B inter-country trade addresses reliability and transparency issues, setting a new efficiency standard.
Achieving 90% MoM growth, a 73% repeat ratio, and expanding across 36 US states underscore GlobalFair's unique offering, disrupting the industry landscape with innovation and cutting-edge technology.
Challenges Faced During the Journey:
Shaily Garg's disruptive leadership at GlobalFair is evident in her proactive shift to the US, fueled by a customer-first approach. Inspired by her brother's struggles as an SME manufacturer out of India, she identified a global market gap and innovatively addressed it. The construction industry is an age-old conventional market with very low penetration of technology.
As part of GlobalFair, they are on a mission to give MSME suppliers across SEA access to global markets and make it a borderless trade economy. The company's rapid growth showcases Shaily's risk-taking mindset and determination to challenge the conventional in the construction materials industry.
Professional Achievements & Affiliations:
The largest technology-first supplier of construction materials in a cross-border space, helping transform supply-side manufacturing in India, Vietnam, and other SEA countries for the global markets.
Building a virtual factory for the world for construction materials - Building in a box around the world
Advice for Women Entrepreneurs:
Some heartfelt advice:
Dream Big, Stay Focused: Know what you want and keep your eyes on the prize, no matter what. For her, envisioning GlobalFair's impact on the global market kept her going through tough times.
Find Your Tribe: Surround yourself with mentors, friends, and supporters who believe in you. When they started, the guidance from seasoned entrepreneurs and the encouragement from the team were invaluable.
Roll with the Punches: Entrepreneurship is like riding a rollercoaster; there are thrilling highs and stomach-churning lows. But each setback is a chance to learn and grow stronger. She can't count how many times they stumbled before nailing their winning formula.
Never Stop Learning!
Think Global, Act Local: Their journey started with a vision to revolutionize the global construction materials market. But it was their ability to understand and adapt to local nuances that truly made them stand out.
Lead with Heart: In a cutthroat industry, staying true to their values set them apart. Their commitment to fair trade and sustainable practices resonated with partners and customers alike.
Remember, entrepreneurship is as much about the journey as it is about the destination. Stay authentic, stay passionate, and never lose sight of why you started in the first place.
