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Earth Observation: A New Frontier of Resilience for European Entrepreneurs

Earth Observation: A New Frontier of Resilience for European Entrepreneurs

Entrepreneura day ago
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Our fast-changing climate is hitting businesses hard. Every three weeks, a billion-dollar extreme weather event hits, wreaking havoc on global supply chains and denting business for large and small companies alike. It's a risk that European business owners can't continue to ignore as Europe is the fastest-warming continent.
The devastating floods that hit Spain late last year also put a huge strain on its economy, costing the Spanish more than 10 billion euros. Over a year's worth of rain hit in eight hours, creating a nightmare situation for businesses and residents alike, whose properties were destroyed.
Entrepreneurs need to take a proactive approach to managing challenges like these. There's a clear business case for being prepared before disaster strikes: According to the U.S. Chamber of Commerce, every $1 invested in climate resilience saves businesses $13.
That's where Earth Observation (EO) data comes in. EO is the science of using sensors found in satellites and other devices to unveil vital information about our planet's surface, such as climate change patterns, land conditions, marine life, security, and more.
Governments around the world have been heavily investing in EO given its potential to solve a wide range of problems that plague us here on Earth. The EU's Copernicus is a globally leading EO programme, set to generate up to €131 billion for the European economy. The European Space Agency (ESA) has also made headway in its 'Space for Earth' initiative. Just last month, it launched its groundbreaking satellite, Biomass, to uncover new data on how much carbon is stored in our forests and to 3D map them for the first time.
Using Earth Observation data to stay ahead of the curve
Yet it's not just governments and big organizations that stand to benefit from the capabilities of EO. Entrepreneurs and smaller businesses can also leverage it to answer real-world challenges, like risks to operations and assets. In fact, platforms like Copernicus aren't off-limits for smaller businesses: It's freely accessible for commercial use, combining information from satellite and in-situ (non-space) sources alike.
These tools are made of high-quality imaging technology that analyse topography and weather patterns in unparalleled detail, capturing resolutions of 0.3m². What does this mean for entrepreneurs who access these data sources? They can tap into insights to take pre-emptive action for risk management, such as forecasting an otherwise unexpected flash of heavy rain which could cause flooding and destroy warehouses in that area.
"It's interesting to see the ways that AI is helping to support the development of Europe's space industry and how it plays a key role in underpinning the convenience and security of our lives on Earth," says Daniel Smith, founder of AstroAgency, a consultancy for the space sector. "Earth Observation data, which comes from sensors on satellites, provides insights to support our economies through business sectors like energy, finance, agriculture, maritime, forestry, and more, as well as broader environmental monitoring efforts."
Let's take a look at that in action. An entrepreneur with a small wine company, for instance, can tap into crop yield data at scale via EO data, allowing them to better forecast how much fertilizer and water they will need ahead of the planting season. The European wine industry, as well as the agriculture sectors, is being hit by continent-wide droughts; the use case of EO technology in these industries could be highly useful for business owners shuffling budgets, planning logistics, and trying to predict harvest yield.
A founder operating in construction can benefit from EO data, too. A small business owner specialising in recycled concrete for buildings relies on rail to transport materials between regions or even countries. However, a key challenge is keeping a pulse on transport progress and being notified immediately if there are any delays or disruptions so they can act accordingly. Here's where EO insights can improve business operations with satellite-powered radar technology to get instant updates on rail freight.
Tapping into those insights also benefits SMEs from a financial standpoint. It's no secret that European banks have some of the most stringent standards for risk management, including climate impact, when issuing funds and loans. Business owners need to prove that they're aligning activities with sustainability goals, but often struggle to uncover the insights needed to guide their steps in doing just that. According to a report from Morgan Stanley, 77% of investors are interested in sustainable investing.
That's where companies like D-CAT come in, providing monitoring, reporting, and verification (MRV) services via satellites and machine learning (ML)-powered platforms. They're helping businesses understand where they can make more sustainable choices and show investors how they're slashing risks like climate impact.
Be strategic with EO data use
While EO data is not an absolute necessity for all entrepreneurs—especially those just starting out—the insights it yields can give a significant competitive advantage. With that in mind, entrepreneurs should be intentional in terms of investing in and prioritising the use of such information. That means having a blueprint in place to guide how these tools are implemented' here's how to do that.
First, map out business goals and weaknesses in existing processes. This will enable entrepreneurs to gauge which challenges and opportunities EO data and relevant tools will answer.
Next, it's critical to get digital infrastructures ready. Too often, businesses are quick to adopt technologies like AI tools without addressing existing gaps in their digital ecosystem, whether that's poor data management or poor interoperability between existing applications. There's nothing more frustrating than investing time, money, and energy into implementing a new technology, only for it to cause more friction than benefits.
Assessing these aspects will also mean business owners can narrow down the EO data tools and solutions most relevant to their business needs—ensuring they bring tangible impact, whether that's fortifying resource availability, safeguarding facilities that are otherwise at risk of extreme weather events, or strengthening risk reporting for investors' assessments.
An economic opportunity orbiting overhead
EO data could pave the way for a $3.8 trillion economic opportunity, transforming how businesses propel growth while empowering their ESG efforts for stronger risk management.
What once was a field viewed as exclusively for astronauts and astronomers is now a frontline for tackling key challenges like climate change head-on.
Entrepreneurs who tap into this latest frontier aren't just going to be resilient to risk, but ahead of it, too.
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These companies appear in secret documents of Cuba's largest military conglomerate
These companies appear in secret documents of Cuba's largest military conglomerate

Miami Herald

time6 minutes ago

  • Miami Herald

These companies appear in secret documents of Cuba's largest military conglomerate

A Miami Herald investigation that revealed that a Cuban military conglomerate is holding billions in secret dollar reserves amid the ongoing collapse of the economy shows the island's armed services have created a network large of companies that tap into almost every string of foreign revenue entering the island.. Secret financial documents obtained by the Herald show that GAESA, the military's umbrella company that has a multitude of subsidiaries, had $18 billion in current assets as of March 2024, most of it deposited in unknown bank accounts. The Herald obtained more than 20 financial statements from GAESA's internal accounting system for March and August 2024. The Herald also obtained a PowerPoint presentation with financial information from Cimex's, the largest holding company under the umbrella. Financial statements for March and August last year, titled 'Balance de datos' (Data Balance) and 'Estado de Resultados por Conceptos '(roughly translated as income statement by concept), identify 25 companies in the conglomerate, grouped into three categories: state enterprises, 'international economic associations,' and mipymes, the Spanish acronym for micro, small, and medium enterprises. The Cuban government uses the 'international economic associations' category to authorize contracts with foreign firms to manage Cuban hotels, exploit natural resources and similar partnerships. It may involve the creation of new companies in a 'joint venture' or just a contract for services. Cimex's presentation mentioned six of its companies, though most were not named. Some of the companies named in the documents obtained by the Herald have not been previously identified as being part of GAESA. That includes Aries S.A., the company that operates the cruise terminal in Havana, which was used by several cruise companies taking U.S. travelers to the island between 2016 and 2019. Cimex is believed to be the island's largest commercial corporation, with businesses in several sectors including international trade, retail, tourism, banking, transportation, logistics and real estate among others. According to a 2020 research paper authored by a Cimex analyst, the holding had 41 enterprises at the time. It also operated 668 gas stations around the country in 2020, according to the declaration of its legal director, Mali Suris Valmaña, in a U.S. court case involving a lawsuit filed by Exxon against Cimex. In her declaration, Valmaña spilled the beans regarding Cimex's true ownership: the Cuban company is owned by Corporación CIMEX, S.A, registered in Panama. GAESA and many of its companies, including Cimex, are under U.S. sanctions, though several mentioned in the documents are not. 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What if AMC Motors had survived? How it could've changed the auto industry
What if AMC Motors had survived? How it could've changed the auto industry

USA Today

time36 minutes ago

  • USA Today

What if AMC Motors had survived? How it could've changed the auto industry

American Motors Corporation was an absolute mess by the mid-1980s, and its financial problems in the U.S. market were compounded by infighting at its European corporate parent, Renault, where executives went back and forth about how much money they were willing to pour into their trans-Atlantic subsidiary. The assassination of Renault's chairman in 1986 by French terrorists caused AMC to lose its most powerful supporter, and a hasty sale to Chrysler ultimately condemned it to the dustbin of automotive history. Chrysler hoovered up the tastiest bits of the American Motors portfolio — namely, Jeep — and slowly phased out the rest of the AMC's offerings over the course of the next decade. In retrospect, however, AMC was holding not one, not two, but three aces up its sleeve that could have seen it weather the financial storm throughout the '80s. It's entirely possible that had a few key moments in the company's timeline gone a different way, it would have been American Motors and not Chrysler enjoying the fruits of Jeep's mainstream renaissance in the early 1990s — a rebirth that AMC in fact already had in development when it was scooped up by the suits in Auburn Hills. Our favorite iconic vehicle eras: The most significant cars of the 2000s How different would the car industry have looked at the turn of the millennium if AMC had never changed hands? It turns out that this ripple in the chronological pond had the potential to upset big chunks of established history, not just in America, but in nearly every corner of the established automotive hegemony. Here's our alternative timeline in which AMC not only survives but thrives — and what the resulting fallout would have likely meant for one of Detroit's longtime stalwarts. 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Walmart Employee's 'Magic' Side Hustle Surpasses $1 Million
Walmart Employee's 'Magic' Side Hustle Surpasses $1 Million

Entrepreneur

time36 minutes ago

  • Entrepreneur

Walmart Employee's 'Magic' Side Hustle Surpasses $1 Million

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I was working in retail at Walmart ecommerce, managing the category and supply chain for beauty and apparel. It was fast-paced, high-pressure and fulfilling in many ways — but over time, the long hours, lack of real food and stress began to take a toll on my body and mind. Related: This 26-Year-Old's Side Hustle Turned Full-Time Business Led to $100,000 in 2.5 Months and Is On Track for $2.5 Million in 2025 When did you start your side hustle, and where did you find the inspiration for it? Niramaya began to form in 2020, during a season of burnout and health struggles. I was dealing with chronic, undiagnosed autoimmune conditions and couldn't find answers. I left my job and turned to nutrition school — and through that, rediscovered the healing power of the foods I grew up with: vibrant dals, functional spices, sabzis made from fresh vegetables. 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Related: This 29-Year-Old's Side Hustle Brought People 'to the Dark Green Side.' It Made $10,000 Within 2 Days and Sees 6 Figures a Month. Image Credit: Courtesy of Niramaya Foods Are there any free or paid resources that were especially helpful? Founder networks like Startup CPG, Naturally Network and SKU Accelerator made a world of difference. Slack groups for CPG founders were fast, brutally honest and incredibly supportive. On the tools side: Notion for tracking everything, Canva for design, QuickBooks for finances. But the most valuable resource by far? Talking to consumers face-to-face during demos. No software can replace that. If you could go back and change one process or approach, what would it be? I wouldn't change the path — every challenge taught me something I needed. But I would better prepare for the sheer resource drain. Budget twice the money and give yourself twice the time. Everything takes longer and costs more than you think — and that's not a flaw: It's just the nature of the game. Related: They Started a Side Hustle Producing an 'Obvious' Food Item. It Hit $300,000 Monthly Revenue Fast — On Track for Over $20 Million in 2025. What's something about this side hustle turned business that surprised or challenged you the most? How capital-intensive retail really is. Getting onto shelves is just the start — then comes the real work of driving velocity, educating the shopper and staying top-of-mind. Another challenge was re-educating people about Indian food. So many assume it's just "heavy curry." But our cuisine is so much more: vibrant, clean, gut-friendly, plant-forward. Translating that truth through packaging, product and language has been both a challenge and a privilege. Can you recall a specific moment when something went wrong — how did you handle it? At one of our early retail partners, our dips were priced too high and placed on the very top shelf — almost invisible to the consumer. Rather than panic, I calmly reached out to the buyer with sales data and shelf psychology insights and offered to support with demos and social posts if they would consider revisiting price and placement. They agreed. That moment reminded me that being proactive, respectful and solutions-oriented goes a long way in retail. Image Credit: Courtesy of Niramaya Foods How long did it take to see consistent revenue? We started seeing steady traction around nine months in. We began with smaller independents, a few regional stores and a lot of in-person events. It was grassroots, but it taught me how to listen, adapt and scale responsibly. What does growth and revenue look like today? Today, Niramaya is available in over 1,200 retail doors across the country, including Sprouts, Albertsons and a strong base of New York City independents. This will be our first year in seven figures. We're launching new SKUs and doubling down on retailers who believe in what we're building. What do you enjoy most about running this business? The deep creative satisfaction of building something that feels true and seeing it touch people. When someone says, "I've never tasted anything so clean and bold at once," I know we're doing something meaningful. We're not just selling food: We're shifting the perception of Indian flavors and bringing more people into the fold. Related: Tired of 'Culturally Obtuse' Products, This 27-Year-Old Took His Side Hustle From $1,000 a Month to 7-Figure Revenue: 'Pick the Right Opportunity to Pursue' What's your best piece of specific, actionable business advice? Start before you feel "ready." But don't build in a bubble. Get feedback constantly, especially from your customers. Stay lean. Build trust with your partners. Don't be afraid to ask dumb questions. And remember — relationships will carry you farther than any marketing campaign. Be generous, be honest and follow through. Ready to break through your revenue ceiling? Join us at Level Up, a conference for ambitious business leaders to unlock new growth opportunities.

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