The WBENC Conference & Business Fair is the largest conference (with more than 4,000 attendees) of its kind for women business owners in the U.S. The conference is attended by Women’s Business Enterprises of every shape and size. The conference attracts senior executives and procurement representatives from Fortune 500 companies and the U.S. Government, along with select partner organizations whose missions align with the WBENC’s vision of expanding women’s business opportunities in the marketplace.
With three days of robust programming, Sharon Dalenberg, President and CEO and KL Daly, VP Strategic Initiatives of CTL Global attended the conference lectures and presentations from today’s thought leaders, engaging panel discussions, networking receptions, procurement opportunities, and Business Fair Expo.
A Supplier Diversity program is a proactive business program which encourages the use of minority, women, veteran, LGBT or service disabled veteran owned businesses; (historically underutilized business) and Small Business Administration (SBA).
It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. Supplier diversity programs recognize that sourcing products and services from previously under-utilized suppliers helps to sustain and progressively transform a company’s supply chain, thus quantitatively reflecting the demographics of the community in which it operates by recording transactions with diverse suppliers.
Wells Fargo is committed to ensuring supplier diversity is integrated into our strategic sourcing and procurement processes to generate efficiency, innovation, and increased opportunities for diverse suppliers. We’re committed to accomplishing this mission by establishing and supporting partnerships with the diverse business community, developing these businesses for growth, and engaging with community organizations that share our commitment. Our goal is to spend 15 percent of procurement dollars with diverse suppliers by 2020″. – Timothy J. Sloan, CEO and President
Women Owned Business in the United States
- More than 9.4 million firms are owned by women, employing nearly 7.9 million people, and generating $1.5 trillion in sales as of 2015.
- Women-owned firms (51% or more) account for 31% of all privately held firms and contribute 14% of employment and 12% of revenues.
- Over the past seven years, the overall increase of 8.3 million (net) new jobs is comprised of a 9.2 million increase in employment in large, publicly traded corporations, combined with a 893,000 decline in employment among smaller, privately held companies.
Businesses Owned by Women of Color
- 2.9 million firms are majority-owned by women of color in the U.S.
- These firms employ 1.4 million people and generate $226 billion in revenues annually.
Million Dollar Businesses
- One in five firms with revenue of $1 million or more is woman-owned.
- 4.2% of all women-owned firms have revenues of 1 million or more.
Staples is committed to supporting and doing business with diversity suppliers. We believe that by working together with diverse suppliers, we can Make More Happen for our shareholders, customers and business partners. By including diverse businesses in our supply chain, we help to create opportunities and growth in the communities we serve”. – Shira Goodman, CEO
Source: Statistics from Womenable report commissioned by American Express “OPEN State of Women-Owned Businesses 2015” for full report click here.
For statistics from the NWBC 2015 Annual Report click here.