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 multiple benefits. These benefits can go 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.
