Supply Nation: National Procurement Milestone

Supply Nation today announced a new national milestone with members recording a total of over $5.83 billion in procurement spend with verified Indigenous-owned businesses in the 2024-25 financial year. 

Of Supply Nation's corporate, government and not-for-profit members eligible to record procurement transactions, 96% submitted data confirming this record result and an increase of $1.23 billion from the last financial year. Member organisations based in New South Wales recorded the overall highest figure with $1.71 billion, followed by $1.43 billion in Western Australia and $1.13 billion in Australia's Capital Territory. Queensland-headquartered members recorded $800 million and Victoria, $630 million. South Australia and Northern Territory members together contributed $120 million. 

Government agencies (federal, state and territory) and local councils recorded procurement spend of $1.52 billion or 26% of the overall total. The mining industry recorded the highest overall industry sector procurement spend with $1.64 billion, followed by construction with $1.26 billion. Facilities management services recorded over $284 million with the financial and insurance sector reaching a total of $145 million.

 "At a time when our member organisations are confronted with global trade disruptions, cost of living pressures and fiscal uncertainties, achieving this milestone in procurement dollars with Indigenous-owned businesses is remarkable and shows real commitment by both our members and Indigenous suppliers to economic empowerment and positive change through business collaboration," said Kate Russell, proud Awabakal woman and Supply Nation CEO.

Full Release here: Media-Release-Indigenous-businesses-thriving-with-5.83-billion-in-procurement-spend.pdf