Who We Are:
TABB Packaging Solutions is a women-owned business certified through the WBENC with 20 plus years experience in the plastic packaging and bottled water industries. The owners saw the growing push by industry, government, and consumers to be more environmentally responsible with their practices. This provided TABB with a niche opportunity, providing consumer product companies with the ability to meet environmental and social responsibilities.
What We Offer:
TABB aims to provide a cost-effective solution and minority spend advantage through its environmentally friendly manufacturing processes and product offerings. Our business model offers customers a solution; from the creation of packaging, to its life cycle end, and reuse as a recycled material. TABB offers a variety of solutions for packaging products, including post-consumer recycled material, both food grade and non-food grade PET and non- food grade HDPE, and sustainability consulting.
Why Minority Spend:
What it is and how it started:
• HUB (Historically Under Utilized Businesses) began with an executive order signed by President Nixon in 1969.
• A business strategy that creates a diverse supply chain for the inclusion of various groups in procuring goods and services for government, non-for-profits, and private industry.
It became the social push:
• Minority and women represent the fastest growth in the consumer base – supplier diversity requires that businesses ensure these groups access to the opportunities created by their own revenues.
• Diversity certification is an important milestone in the life of a supplier because it authenticates that the business is owned, managed, and controlled by a qualifying diverse group. Certification also opens the door for opportunities to contract with the federal government, which has a mandate to increase the number of diverse suppliers within an organization’s supply chain.
• The Billion Dollar Roundtable was founded in 2001 for top level corporations that all attain over $1B in annual supplier diversity spending. Members include:
• Procter and Gamble
• The Kroger Co.
• The percentage of purchases decided by women translates into a staggering $18T in earnings worldwide for businesses
• Woman make up 85% of all consumer purchases with 93% being for food and groceries. (Source: Bloomberg)
• Why supplier diversity is Important::
• Promotes innovation through the entrance of new products, services, and solutions.
• Provides multiple channels from which to procure goods and services.
• Drives competition (on price and service levels) between the company’s existing and potential vendors.
• Allows a company to take advantage of new opportunities for business expansion with the emergence of new consumer needs based upon shifting demographic realities.
• Displays an organization’s commitment to doing business, beyond consumerism, in diverse markets.
• Showcases the company’s interest in and commitment to the economic growth of all communities.
Brand company alignment:
• In 2010, The Coca-Cola company unveiled a 5by20 initiative to empower 5 million women entrepreneurs across the global supply chain by 2020. This support will help women overcome the barriers faced in their business.
• According to the 2014 Pepsi Sustainability and Global Reporting Initiative Report, $1.4B was spent with minority and women-owned businesses.
Founded in 1997, The Women's Business Enterprise National Council (WBENC) is the nation's leading advocate of women-owned businesses that supply to domestic and international corporations. It is the largest third-party certifier of businesses, owned and operated by women in the United States. The certification is awarded to exemplary business enterprises, following an initial business review and rigorous annual auditing process. For more information, please visit: www.wbenc.org.