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Women in Supply Chain Driving Innovation and Changing the Game

'Hiring and promoting talented women is economically imperative for society', said Carlos Ghosn, Chairman of the Renault-Nissan Alliance. But such was not the scenario in supply chain management even a few years ago. The sector had only 14% of women executives and a handful of female professionals striving to drive growth. Of course, there were exceptions.

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Women in Supply Chain Driving Innovation and Changing the Game

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  1. Women in Supply Chain: Driving Innovation and Changing the Game 

  2. About Cozentus Technologies • Cozentus is a complete business solutions provider transforming operational productivity and efficiency of businesses across Supply Chain Management and Financial Services. • Operating globally, we bring you the best domain-specific expertise combined with digital transformation capabilities so your business can thrive in today’s connected world. Our long-term partnerships and valued relationships provide the basis for fluid collaboration and an innovative solutions-orientated approach.

  3. Women in Supply Chain: Driving Innovation and Changing the Game  • “Hiring and promoting talented women is economically imperative for society”, said Carlos Ghosn, Chairman of the Renault-Nissan Alliance. But such was not the scenario in supply chain management even a few years ago. The sector had only 14% of women executives and a handful of female professionals striving to drive growth. Of course, there were exceptions. • Fortunately, situations have improved gradually in every industry, and SCM and the logistics sector are no exception. The USA currently fosters almost 33,269 supply chain leads, 28.5% of which are women, occupying a quarter of VP-level positions.

  4. The Importance of Involving Women in the Supply Chain for Growth and Innovation • McKinsey estimated that if women are included more in supply chain management, they can contribute $28 trillion annually to the global GDP by 2025. Thus, having them in the supply chain sector has several benefits, of which these are the three most important ones:  • Savings and Productivity - During the pandemic, “most women worked one shift for office and another shift for home.” They contributed to decision-making, cost savings, and improved productivity in both realms. So, involving more women in the value chain and improving their access to products and services are likely to generate 4:1 ROI and 20-30% increased productivity. 

  5. The Importance of Involving Women in the Supply Chain for Growth and Innovation • Innovation - Women put forward fresh ideas, contribute to problem-solving, and provide honest opinions during decision-making. A POMS study revealed that women are driven less by self-interest and opportunism and more by coordination and cooperation with their stakeholders. • Business growth- In the Indian MSME realm, women leaders like Sarita Das, Alpana Bhargava, Monika Mittal, and Poroma Munshi Rebello contribute about 23.3% of the labour force. They can deal with risks more efficiently, forecast the uncertain business environment, and take effective initiatives for problem-solving.

  6. The Importance of Involving Women in the Supply Chain for Growth and Innovation • McKinsey’s report, “Diversity wins: How inclusion matters”, suggests that companies with greater gender diversity have higher probabilities of positive business performance. Women are challenging legacy-focused mindsets, embracing innovative and automated technologies, and adapting efficiently to shifting regulations and industry trends.  In 2022, women comprised 39% of the global supply chain workforce, with 19% in C-level positions. The expansive industry is booming with opportunities for transformative women to contribute to its economy and facilitate growth in the future. 

  7. Contact Us Address Contact Details Odisha SRB Tower, 5th and 6th Floor, Infocity, Bhubaneswar -751024, Odisha, India Contact No: +91 977 712 6600 (India) Email: supplychain@cozentus.com Website: https://www.cozentus.com/

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