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© WEConnect International, 2014, Page 1
Jeju, South Korea, May 26, 2014
Connecting Women-Owned Businesses with Market Opportunity
© WEConnect International, 2014, Page 2
About WEConnect InternationalCorporate members established WEConnect International to provide
Women Business Enterprise (WBE) certification outside the US• Represents over US$700 billion in annual purchasing power• Connects non-US women-owned businesses to global value chains • Offers certification and training in Africa, Asia, Australia, Canada, the
Caribbean, Europe and Latin America • Provides to members an exclusive global database of women-owned
businesses (certified and self-registered)• Supports corporate members in the development and implementation of
global inclusive sourcing programs
© WEConnect International, 2014, Page 3
WEConnect International Corporate Leadership
© WEConnect International, 2014, Page 4
Business Case - Global Supplier Diversity & InclusionTo be sustainable in the future, companies must be inclusive in their
global sourcing
• Support business growth and revenue
• Provide a competitive advantage
• Reduce purchasing costs and drive innovation
• Enhance company brand and CSR efforts
• Support corporate clients (contractual supplier diversity requirements)
• Mirror global diverse customer and employee base
• Enhance talent recruiting and retention
© WEConnect International, 2014, Page 5
Women’s Businesses are a Global OpportunityWomen are the next emerging market (EY & IFC data show)
As consumers:• Make over 70% of consumer purchasing decisions• Impact over US$20 trillion in annual global spend
As businesses:• Women-owned businesses represent 32-39% of all private
businesses globally• On average, just 1% of corporate and government spend is with
women-owned businesses globally
© WEConnect International, 2014, Page 6
Corporate Global Supplier Diversity Program Best Practices
• Identify women-owned businesses in current global supply chain• Determine current annual spend with women-owned businesses
and establish a global inclusive sourcing baseline • Develop annual diverse supplier spend objectives (by country,
region, division, etc.)• Identify and engage local company program advocates• Identify procurement opportunities• Access the eNetwork to locate potential women-owned suppliers• Leverage WEConnect International staff as a resource• Measure success (# local jobs, impact on families, etc.)
© WEConnect International, 2014, Page 7
WEConnect International Certification Standard•Ownership – at least 51% held by one or more women•Management – led / managed by a female Principal Executive•Control – key business decisions regarding company’s finances, operations, personnel and strategy are made by a woman
Corporations that publicly report diverse spend require their women-owned suppliers to be certified
•Self-registration – same criteria
© WEConnect International, 2014, Page 8
Website: www.WEConnectInternational.orgEmail: [email protected]
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