Genuine engagement with Indigenous businesses is as important right now as ever.
It’s important because for every dollar of revenue earned, Indigenous businesses create $4.41 of social and economic value. (Supply Nation – The Sleeping Giant).
It’s important because those businesses give Indigenous communities the tools for self determination and prosperity.
And it’s important because, right now, the coronavirus pandemic the world is facing is waking us up to the fact that every single person in the world is in this situation together: this terrible event is giving us the opportunity to build communities across all previous divides, and come out the other side stronger together.
IPS Managing Director Kristal Kinsela-Christie’s book, Supplier Diversity How, lays out the roadmap of how to support Indigenous businesses, and is a great way to get informed on how your business can engage.
Supplier Diversity How is on discount for one more week – get your copy here with discount code INSPIRE.
Excerpt from Supplier Diversity How: Buying from an Indigenous Business represents good corporate social responsibility. This might be because your buying behaviours align with your Reconciliation Action Plan targets, or because you’re buying from suppliers who represent the communities you work in, or because you’re buying local and the product or service reflects that of your customer base. Good corporate social responsibility creates wealth in Indigenous communities and demonstrates your organisation’s commitment to reconciliation through increasing economic development, and leading to jobs and positive outcomes.