Filipino startup Packworks was named the Bronze Stevie Award winner for the Company of the Year-Computer Software-Medium-size category in the 21st Annual International Business Awards.
Packworks provides a business-to-business (B2B) open platform to sari-sari stores in the Philippines. The award recognizes Packworks’ contributions to the tech and retail sectors in providing cutting-edge solutions that support local micro-entrepreneurs.
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. It also gives them access to working capital loans.
Partner stores are also able to reap more income through discounts from partner FMCG brands and companies.
Stevie Award winners were determined by the average scores of more than 300 executives worldwide who participated in the judging process of 3,600 nominations submitted by organizations in 62 nations and territories in June and July.
“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 chief executive of Packworks.
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 November 2023, Packworks was also named Startup of the Year gold winner at the first-ever KMC Startup Awards.
