Jan 11, 2022
Happy New Year from us to you! Let’s get this year started the right way by focusing on two essential terms that are shaking the industry: supplier diversity and economic inclusion. At first glance, you might think they’re the same, but the nuances and effects of each are different. In fact, without supplier diversity, the idea of economic inclusion wouldn’t exist. What exactly is economic inclusion, and why is it different from supplier diversity?
In this episode, we discuss what economic inclusion is and how it results from supplier diversity. We explain how economic inclusion has shifted the way businesses look at their consumers and suppliers. We share the effects of having a successful supplier diversity program and what would happen if companies didn’t have one. We also describe some of the topics we want to touch on this year and what the audience can expect in the coming weeks.
"Economic inclusion is the vehicle that powers supplier diversity." - Cloe Guidry-Reed
This week on Breaking Barriers:
- Defining supplier diversity and what a supplier diversity program really is
- The difference between supplier diversity and economic inclusion
- How economic inclusion affects the overall market in various industries
- What really happens when you buy from a company with a supplier diversity program
- The critical issues we're looking forward to tackling this year
This podcast is brought to you by Hire Ground
Hire Ground is a technology company whose mission is to bridge the wealth gap through access to procurement opportunities. Hire Ground is making the enterprise ecosystem more viable, profitable, and competitive by clearing the path for minority-led, women-led, LGBT-led, and veteran-led small businesses to contribute to the global economy as suppliers to enterprise organizations.
For more information on getting started please visit us @ hireground.io today!
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