Apr 13, 2021
Supplier diversity - when you actively work with a business owned by an underrepresented group - is both something people need to talk about and something that people would rather not. We have to talk about it because our communities are naturally diverse, yet discussing it in the office setting can be perceived as politicizing a sensitive issue. People are already tip-toeing around specific topics, whether personal or professional and adding more will not make these ideas easier to accept.
Regardless, the conversation has to happen because supplier diversity can only benefit corporate America.
In this episode, we discuss the concept of supplier diversity, its history, and the politicians involved in helping this idea become more than just a thought. We explain how supplier diversity boosts company reputation and sales. We share why the concept of supplier diversity is still a controversial topic and how we can move forward with it. We describe how offering a risk package can help get you more business, why supplier diversity still isn’t normalized, and what is currently holding it back. We also share the subsequent conversations we should be having after supplier diversity.
"Supplier diversity isn't just the right thing to do - it makes business sense to do it." - Adam Moore
This week on Breaking Barriers:
- What supplier diversity means and its history.
- The politicians who spearheaded supplier diversity in the US.
- How being pro-diversity can boost a company's reputation and sales.
- Why some companies find risk in hiring minorities.
- How supplier diversity is a win-win situation from both a buyer and seller perspective.
- The next conversations we should be having for corporate diversity.
- What is currently hurting supplier diversity?
- Why offering a risk package can get more corporate sponsors.
- The best way to avoid offending different groups of people when moving in different spaces.
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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