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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.


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