Rise2theChallenge to empower women | Daily News

Rise2theChallenge to empower women

The Rise2theChallenge Campaign by the WEConnect International urges its 110+ multinational buying organisations to publicly commit to a specific spend target or relevant project to advance opportunities for women-owned businesses around the world in honour of International Women’s Day.

WEConnect International’s 110+ members include large corporate, multilateral and government organizations that collectively source over $1 trillion worth of products and services annually. The #Rise2theChallenge campaign gives members one year to set their commitment level.

It will track, aggregate and share the commitment amounts periodically throughout the year and celebrate the final amounts next year on International Women’s Day, March 8, 2022.

“Women represent a third of the world’s private businesses, are half the population and they make or influence 85 percent of all purchasing decisions,” saidElizabeth A. Vazquez, CEO and Co-Founder of WEConnect International, a non-profit that helps women-owned businesses compete in the global marketplace by connecting them with large organizations that can buy their products and services.

“We must all act with urgency to connect more buyers with women suppliers and measure our impact and share the quantifiable, bold actions that will yield results for decades to come.”

WEConnect International research has documented that while one-third of all privately owned businesses in the world are owned by women, those same businesses earn less than one percent of large corporate and government spend with suppliers on average globally.