Supplier Diversity is a business program that encourages the use of diverse-owned vendors, including women-owned businesses, as suppliers to corporations and governments.
Why is Supplier Diversity important?
Despite the fact that Canadian women entrepreneurs are starting businesses at twice the rate of men, women-owned businesses are greatly under-represented in procurement contracts.
Women are involved in 80% of purchasing decisions, yet, globally, comprise less than 1% of suppliers to corporations and governments. Not only is the growth of women-owned businesses inhibited but corporations are missing out on the innovative approach taken by women-owned businesses and the quality products and services that they provide to the marketplace.