UPDATED! Infographic: The Impact of COVID-19 on Women Business Owners and their Businesses Worldwide - Q2 Results
WEConnect International is conducting quarterly surveys over the course of one year to understand the scope and nature of the impact of COVID-19 on women business owners and their companies worldwide. The results of the survey have been self-reported by women business owners within the WEConnect International network and partner organizations. Read the Survey Infographic.
The Business Case for Supplier Diversity & Inclusion: Video
This brief video, geared to the C-Suite audience, provides a high-level overview of global Supplier Diversity & Inclusion and the business case, how corporations and governments can benefit economically with inclusive sourcing efforts. Watch the video.
Developing Supplier Diversity & Inclusion Efforts in Europe
This virtual panel discusses best practices to begin and develop sustainable SD&I efforts in Europe. The session is designed for representatives from corporations and buying organizations who are interested in finding out more about supplier diversity and inclusion efforts in Europe. Watch the webinar recording.
Developing Supplier Diversity & Inclusion Efforts in Asia Pacific
This virtual panel discusses best practices to begin and develop sustainable SD&I efforts in Asia Pacific. The session is designed for representatives from corporations and buying organizations who are interested in finding out more about inclusive sourcing efforts in Asia Pacific. Watch the webinar recording. Watch the webinar recording. Password: GE5!dj#Y (needs to be manually entered).
Certified Women's Business Enterprises that Can Help Combat the Challenges of COVID-19
To assist in the global efforts addressing the challenges of COVID-19, the WEConnect International team has put together a listing of women-owned businesses, by region, that can support these efforts. Read more...
Understand the Business Case for Supplier Diversity and Inclusion
"The Business Case for Global Supplier Diversity and Inclusion: The Critical Contributions of Women and Other Underutilized Suppliers to Corporate Value Chains" demonstrate why corporations such as Accenture, EY, IBM, Intel, Procter & Gamble (P&G), Walmart and others are investing time and resources to build global inclusive sourcing strategies. It will highlight many of the good practices corporations are implementing to achieve successful outcomes, what metrics are available to assess impact, and, most importantly, what sustainable business benefits corporations are deriving from their access to the world’s best solutions. Read the report.
Go Global with Supplier Diversity and Inclusion
According to the International Trade Administration, more than 70 percent of the world's purchasing power and 95 percent of its customers are now located outside the U.S. It's time to take your company's program supplier diversity and inclusion program to the global level, and WEConnect International has what you need to know to succeed. We will show you what you need to before you get started, practical steps to create a gold standard program, and how you can leverage the WEConnect International network to maximize your impact.
View a webinar presented by leading corporate supplier diversity and inclusion professionals from Accenture, Citi, Cummins, and Enterprise Holdings on how they have successfully expanded their SD&I efforts utilizing innovative strategies as well as providing best practices.
Learn about Our Markets' Economies, Top Industries, and Top Exports
Reach the Gold Standard for Global Supplier Diversity and Inclusion
WEConnect International has developed a Gold Standard Checklist to help multinational corporations and multilateral organizations assess their global supplier diversity and inclusion programs and identify potential areas for improvement. The checklist includes five sections:
- Policy Assessment
- Processes and Standards
- Measurement, Tracking, and Reporting
Each item on the checklist is scored. The goal of any multinational corporation or multilateral organization dedicated to supplier diversity and inclusion is to reach 100 points - the Gold Standard. Start your self-assessment today.
Best Practice: PG&E’s 2019 Supplier Diversity Annual Report / 2020 Annual Plan
Pacific Gas and Electric has been a leader in supplier diversity and inclusion efforts, reaching over 40% of diverse spend in 2019. Please review their world-class 2019 Supplier Diversity Annual Report / 2020 Annual Plan as an industry Best Practice.
Top Supplier Diversity Programs to Aim to Broaden Value Proposition
Supplier diversity is evolving from a check-the-box, corporate social-responsibility requirement to a strategic enabler for the procurement function. Top-performing organizations studied by The Hackett Group apply supplier diversity tenets to new areas such as supplier partnering, reputation management and global expansion. Their research has found that the most successful organizations take their cues from high up in the company, where commitment to enterprise-wide diversity begins. They have also identified several trends in supplier diversity where procurement organizations have significant opportunities for added benefit. Read the 2019 Hackett Report.
Grow Tier 2 Efforts Beyond U.S. Borders
The Global Tier 2 Toolkit was developed to assist corporate members with growing Tier 2 efforts beyond US borders, providing a guideline and best practices sharing from successful corporate global initiatives. As procurement and tracking efforts vary by company, this is not meant to be an exhaustive list but provides key information and strategic guidance.
Download the Global Tier 2 Toolkit.
Review suggested Global Tier 2 contract language.
Supplier Diversity and Inclusion Code of Conduct: A diverse supply chain means a sustainable supply chain
The Supplier Diversity and Inclusion Code of Conduct has been developed by the Royal Bank of Scotland and endorsed by WEConnect International and is guided by the principles of inclusion, development, compliance and continuous improvement. Read more...