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Creating Opportunities for Equality Along the Supply Chain
Working with diverse suppliers widens the pool of available channels, increases competition and can also generate new innovations, services or products.
January 18, 2021
Prostock-studio
Too often, minority suppliers or those located in geographically disadvantaged areas are overlooked for procurement opportunities. To level the business playing field, more state and industry organizations are adopting diversity programs and prioritizing making connections with traditionally underserved businesses.
Beyond providing more equitable opportunities, supplier diversity commitments are beneficial for a business’ bottom line. Working with diverse suppliers widens the pool of available channels, increases competition and can also generate new innovations, services or products.