Trends, data, and analysis of the supplier diversity industry
For the fourth year, supplier.io launched a survey aimed to define the supplier diversity industry for the supplier diversity professionals managing and growing their companies’ programs.
Our 2021 State of Supplier Diversity report include the results of more than 177 survey responses.
Here are some examples of statistics included in the first report, State of Supplier Diversity Program:
- 40% of this year’s survey respondents are less than 3 years old. In 2019, this group represented 25% of the respondents – indicating a 60% increase in just 2 years. These new organizations have a journey ahead of them, but they bring new energy and enthusiasm – not to mention executive level commitment.
- While 56% of companies have a formal supplier diversity program, 79% of companies are tracking their spend with diverse suppliers. This may serve as a sign that investing in diversity supplier partnerships is becoming a standard mode of operation for companies rather than being considered a ‘special’ initiative.
- On average, 5.9% of respondents’ spend goes to diverse suppliers. The top two categories are minority-owned businesses (3.1%) and woman-owned businesses (2.8%). By comparison, advanced programs spend over 15% with diverse businesses.