Did you know women-owned businesses represent 32 to 39% of all private businesses in the world, but that less than 1% of all corporate and governmental suppliers are women-owned businesses? There are countless benefits to buyers in working with women-owned suppliers, such as competitive pricing, flexibility, and new sources of innovation.
So why the gap? There are two main reasons:
1. Women-owned businesses need to make themselves more visible.
2. Buyers need better tools to help them find qualified, women-owned suppliers.
With effort from both sides, the gap can be closed. At the heart of it, buyers and sellers share a simple goal: Make the best connections, and grow together. In today’s global networked economy, reaching that goal becomes easier with the use of technology and trusted business insight as the connective tissue.
Global women-owned businesses can get the attention of a wider set of prospective buyers by participating in on-line commerce networks, such as Ariba Discovery. D&B business information is unified in Ariba Discovery so sellers can show themselves in the best light to new buyers. Even better, D&B has a close partnership with to include women-owned businesses in Europe, Canada, India, China and emerging markets in the D&B database.
Put this powerful combination together and now like never before, buyers can be introduced to a whole new selling base - and in turn elevate the position of women-owned businesses in the seller community. Now that’s how to bridge a gap!