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Supplier Diversity Blog by supplier.io

Lightfoot Wins Chicago: What Increased Diversity in Public Office Means for Supplier Diversity

We are living in a historic era of diversity and representation. The 2018 midterm elections saw the most diverse group of citizens sent to public office in the United States since our country was founded.

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What the Growing Role of Women-Owned Business Enterprises Means for Our Communities

In 2018, the #MeToo movement made it clear that women continue to face unequal treatment and challenges in the workplace. Although there’s still considerable progress to be made, the history of women in business proves that change is more than possible—it’s also profitable.

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Supplier Diversity and Employee Diversity: Two Sides of the Same Coin

In the past, businesses viewed corporate diversity initiatives as only a form of social responsibility and a means of complying with national standards. Today, it’s becoming clear that both workplace and supplier diversity have even more potential business payoffs. Among other benefits, supplier diversity has been shown to boost innovation, improve brand perception, drive expansion into new markets, create sustainable business growth, and increase profit margins. As you look to make supplier diversity a priority for your business, however, don’t overlook its equally important counterpart—employee diversity.

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State of Supplier Diversity in the Professional, Scientific, and Technical Services Industry

It’s no secret that the services industry is unique. Rather than selling hard goods, service businesses sell processes, ideas, and expertise. Marketing these intangibles presents its own challenges. For starters, service businesses need to put more effort into defining the value and quality of their service to justify their price tag. Establishing this framework of comparison is vital when there aren’t clear attributes to point to. Because a service isn’t something that can be returned, customer satisfaction has a greater influence on brand perception, retention, and referrals.

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Creating a Supplier Diversity Strategic Plan from Scratch

Every successful supplier diversity program was born out of a comprehensive strategic plan. Creating this framework up front will help you align your organization behind common objectives and empower the growth of your supplier diversity program down the line. But where should you begin? And what should your strategic plan include? Below, we’ve outlined seven key steps to follow to set your organization up for success.

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The team has a long history in driving innovative solutions in supplier diversity. We believe that companies deserve solutions that are effective and provide measurable value and results. Started more than a decade ago, supplier.io has rapidly become a prominent provider of supplier diversity solutions to leading corporations. We currently support customers in automotive, healthcare, insurance, retail, manufacturing, education, and banking. One in five Fortune 50 company relies on supplier.io.