Bridging the gender gap: Women’s underrepresentation in global supply chains
5 months ago

Bridging the gender gap: Women’s underrepresentation in global supply chains

Hindustan Times  

Despite constituting half of the world’s population, women are still grossly underrepresented as suppliers in global value chains. For example, India ranks 135th out of 146 countries in terms of female labour force participation, and national surveys peg women’s entrepreneurship at just 20% of the micro, small and medium enterprises sector according to the ministry of micro, small and medium enterprises. According to recent research by the McKinsey Global Institute, with equal opportunities, women-owned businesses could add $700 billion—approximately $2,200 per person—to India’s GDP by 2025. Fortunately, some governments and corporate buyers worldwide, including in India, are beginning to examine this question, and in some cases, they are setting specific goals and targets for inclusive sourcing from women-owned businesses. For example, in 2018 India’s small and medium enterprise support programme included a target of 3% of its procurement from women entrepreneurs.

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