As more organizations launch diversity initiatives, the attention being paid to the supplier selection process is also increasing. “Supplier diversity is moving up the agenda for many procurement teams,” Jaggaer points out in its recent 2021 Supplier Diversity Survey, “in response to pressure for greater inclusion in the supply chain of businesses that are at least 51% owned and managed by disadvantaged members of society and marginalized groups.”
While companies appear to be making progress on the supplier diversity front, there’s still much work to be done in this area. The survey found that:
