Supply Nation announces first year results - exceeding all goals

The Australian Indigenous Minority Supplier Council (AIMSC) today announced it had more than doubled its first year targets reporting $2.1 million dollars worth of transactions between its Indigenous-led business suppliers and private and public Australian organisations.

The non-profit organisation AIMSC, supported and funded by government, is a three-year pilot which aims to nurture a sustainable Indigenous enterprise sector in Australia.

AIMSC closed off its first 12 months of operations with 45 corporate and government members and 53 AIMSC-certified Indigenous-led businesses – which well exceeds its original targets of 18 members and 30 Indigenous businesses.  AIMSC also reported a total of $4 million worth of contracts signed between Members and AIMSC-certified suppliers from September 30, 2009 to September 30, 2010.

According to Natalie Walker, CEO of AIMSC, the organisation has achieved immense results for both its members and Indigenous businesses and could not have asked for a better debut year.

“Participation in the program has been superb and we are very impressed with the number of companies who are helping create a stronger Indigenous business sector.  The calibre of both members and Indigenous suppliers who have joined our supplier diversity program has gone well beyond expectations,” said Walker.

AIMSC’s current members include a number of iconic Australian organisations across a broad range of industry sectors including airline, banking, finance, technology, telecommunications and construction.   The organisation’s certified suppliers are small to medium businesses which are at least 51 per cent owned and managed by an Indigenous Australian and provide a wide range of goods and services that corporate and government Australia purchase.

“We are also pleased to report that the Indigenous employment rate across our 53 suppliers is 72 per cent.  We are seeing a ripple effect where AIMSC’s suppliers are further strengthening Indigenous economic growth by employing and creating job opportunities for other Indigenous Australians,” said Walker.

In the next 12 months, AIMSC will continue to raise the awareness of Indigenous-owned businesses and strive to better its first year’s success.

They will kick start year two at Connect 2010, their inaugural business opportunity fair and conference in Sydney from 9 – 11 November. AIMSC’s suppliers will showcase their products and services at the trade show whilst leading supplier diversity professionals from Australia, the US and Canada and Indigenous business leaders will address the conference.  At the Gala Dinner, AIMSC will celebrate and recognise the efforts and achievements of it’s members and suppliers in the first year through accolades.