Supplier Diversity is an important matter that can help create millions of American jobs with the right support.  But what exactly is Supplier Diversity?  “Supplier Diversity is a proactive business program which encourages the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized business, and SBA-defined small business vendors as suppliers.”

Supplier diversity promotes innovation, drives competition, and showcases a company’s commitment to the economic growth of communities throughout our nation. The great folks from Procurement News developed a list of reasons why supplier diversity matters:

  1. Partnerships with diverse suppliers will give your business a competitive advantage when facing changing customer demographics.
  2. Essentially, diversity brings a number of different backgrounds and life experiences into your supplier mix to overcome homogenous thinking with fresh new perspectives.

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-Ray Hayes