By: Sydney Lazarus Procurement functions can play a big role in supporting women-owned businesses, argues a new report produced by UN Women. The report points out that corporations are in a powerful position to help close the gender gap through their procurement and sourcing departments. Even though corporate spend accounts for trillions of dollars every year, only 1% of that sum goes to women-owned businesses. (In comparison, for U.S. federal contracts, the figure is 4.7%) The benefits of sourcing from more women-owned businesses go beyond the women themselves. The World Economic Forum has found that gender equality is positively correlated with the country’s gross domestic product and level of competitiveness. Similarly, the World Bank has reported that “underused or misallocated” female labor leads to economic losses. But what do corporations themselves stand to gain? First, and perhaps most important to the c-suite, there are benefits to the…

By: Monica Burdick Those of us with careers in science, technology, engineering, or mathematics (STEM fields, in today’s common parlance) know the importance of truths revealed by numbers. How can it be, then, that so many people in our numbers-based fields are inured to the deep disappointment I feel regarding statistics on gender disparities in STEM-related jobs? According to 2016 figures from the National Science Board, women make up half of the total U.S. college-educated workforce and only 29 percent of the science and engineering workforce. Though female and male students show no significant differences in their math and science abilities between kindergarten and senior year of high school, somehow only 35 percent of chemists, 17 percent of industrial engineers, 11 percent of physicists and astronomers, and 8 percent of mechanical engineers are women. These imbalances ought to provoke outrage in their own right—or, at the very least, an…