The $300 million commitment to women owned businesses
Tech corporations IBM and Intel, along with the pharmaceutical company Pfizer have committed to increase their spend with women owned companies by $100 million each. These new pledges will combine to total $300 million over the next 3 years. The new commitment was recently announced at the 2017 Global Citizen Festival in Hamburg, Germany. This new initiative comes a few years after Intel “made a commitment to increase spending with diverse suppliers to $1 billion annually by 2020”
As these 3 corporations look to expand their global reach, it is interesting to note that they are continuing to focus on women owned business in their supply chain strategy. If you’re a woman owned business looking for new and exciting opportunities check out one of these 3 companies at your next business conference.