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Supplier Diversity Blog by supplier.io

Stop Explaining Why Diversity is Important

Last month, new research was unveiled in a Harvard Business Review article that has the potential to completely transform how we talk about supplier diversity.

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Remembering the ‘Why’ Behind Supplier Diversity

"We're at our best when our priorities and actions reflect the needs of the communities we serve. We'll continue to feature the brands and trends that speak to the diversity of our customers while simultaneously offering the value, innovation, and trust they expect from the products across our aisles."

  • Andrea Harrison, VP of Merchandising, Beauty & Personal Care at CVS Health

Companies are facing multiple challenges in parallel today. The economy is slowing, supply chain disruptions persist, and labor shortages plague all industries. Remaining profitable is priority No. 1 for executive teams, and this is a natural response. At the same time, it may jeopardize the progress and commitments made to increase spend with diverse-owned businesses.

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How to Track and Measure Workforce Diversity

Although most procurement teams focus their diversity and inclusion efforts on identifying certified diverse suppliers they can invite to participate in sourcing projects, the practice of tracking workforce diversity is a closely related and complementary effort. 

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Lacking Supplier Diversity Budget? 6 Savvy Ways to Build a Successful Program

Are you struggling to get your supplier diversity program funded? Not sure how to meet your goals without a supplier diversity budget? You’re not alone. 

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Maintaining Supplier Diversity through a Down Economy

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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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.