Lipman Becomes Proud Members of Supply Nation
August 25, 2021
As part of our ongoing commitment to Indigenous and Torres Strait Islander businesses, Lipman has recently become a member of Supply Nation. We are proud to contribute to a growing movement supporting the development of sustainable, innovative, responsive and flexible supply chains.
Engaging with Indigenous businesses creates a significant and measurable social impact. Some quick facts and figures from the team at Supply Nation:
1. For every $1 of revenue, Certified Suppliers generate $4.41 of social return
That means a dollar is working 4 times harder when it is spent with Indigenous businesses.
2. Indigenous businesses are 100 times more likely to employ other Indigenous people
Indigenous employment is a key indicator of strong economic development so procuring from Indigenous businesses is an investment in sustainable communities.
3. Indigenous people make up around 3% of the population but only own around 0.06% of Australia’s businesses
Those businesses are growing at 12.5% per annum! Imagine the impact on the Australian economy if Indigenous businesses were proportionally represented in the business landscape?