Supplier Diversity is the Present and the Future

27 Oct 2023 8:45 AM | Shivani Kaura (Administrator)

NMSDC finds that companies with diverse supplier bases show 133% greater return on procurement investments.

Investing in supplier diversity programs can also impact a company’s talent recruitment and retention. In a survey conducted by Hootology on behalf of UPS, 52% of respondents said they consider a company’s supplier diversity and inclusion programs when seeking employment.

Corporate leaders with diverse supplier bases, like Microsoft, Target, and UPS, have more efficient procurement processes and higher supplier retention rates.

Read the full article on Supply Chain Management Review here.

Powered by Wild Apricot Membership Software