Supplier fairness programs promote the inclusion of underrepresented groups in the supply chain. By embracing a broad range of suppliers in the procurement process, companies can tap into benefits beyond compliance or corporate social responsibility initiatives.
On average, the return on investment in a long-term program can be as high as 133%.
“Supplier diversity is something that will help any company’s bottom line,” says Victoria Daniels, Chief Supplier Diversity Officer at the University of Delaware.
