Women-owned businesses secure less than 1% of global corporate procurement. Understanding the barriers and challenges preventing women-led businesses from securing these contracts is essential to support them to fully participate in global value chains.
We work with trade institutions and the corporate sector to design and implement programs that aim to change this dynamic. Trade Promotion Organisations, with the specific targetted programs and resources, can help build supportive ecosystems in their markets to help women-led businesses access public and private sector purchasing contracts.
The business case for including more women in the supply chain, on boards and in senior management positions is proven. Having more women in these roles, increases profitability.
In the corporate sector, by analysing the diversity of the supply chain, we can build awareness and competencies in the purchasing team to be more inclusive in their approach. Our approach begin with the leadership team, to obtain buy-in for the necessity of the new paradigm. Working with the procurement team, training sessions develop innovative approaches and set targets, with the aim of increasing diversity in the supply chain.
Finally, we build skills and capacity for women-led businesses, prior to introducing them to selected corporates in B2B matching sessions.