Fostering Myanmar Suppliers: Connecting SMEs to New Opportunities
Fostering Myanmar Suppliers: Connecting SMEs to New Opportunities
2014
Over the last few years, international organizations, foreign governments, international businesses and the Myanmar government have increased their procurement in Myanmar significantly, giving rise to many new opportunities for local businesses. Sometimes, organizations procure goods and services through public tenders, on which any business can bid. However, many Myanmar businesses are unaware of tenders or lack the experience and knowledge needed to apply for them. Other times, buyers use vendor lists or approach potential suppliers directly, however these can both be time-consuming.
Building Markets helps buyers make connections by finding local suppliers, training them, and connecting them with buyers. One of the key aspects of BM’s work is collecting data on these potential suppliers through in-person verifications, of which 1,161 have been conducted at the end of June 2014.
This report draws on this data to profile Myanmar’s existing suppliers for potential local and international buyers. It also uses data from over 2,200 tenders and nearly 300 specific matchmaking requests to show which organizations have demand for goods and services, what types of goods/services are in demand, and which businesses win these opportunities.