In 2020, there was a surge of new supplier diversity programs. A broad desire for social change served as the catalyst for many companies to create programs, and their commitments to suppliers, consumers, investors, and the public were visionary and optimistic.
Now, two years later, we find ourselves working through very difficult economic conditions. Inflation is at 40-year highs, and the Federal Reserve is taking a measured response, one that will hopefully reduce inflation by increasing the cost of capital but may also lead the country into a recession.
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