Jul 20, 2021
Diversity is often talked about within the context of minorities—especially citizens who are African American, Hispanic, Native American, Asian Pacific, or Asian Indian. However, the increasing acceptance of minorities in society has led to a trend that may view the current minority as the “New Majority” in the next two or three decades. This means the present majority will be the “New Minority” in the future. How will this demographic change affect the way we talk about supplier diversity and equality in the workforce?
Today, we discuss the term “New Majority” and how this can affect the way we do business in the future. We share the reasons why we should be more careful about using new terms, especially when they quickly become antiquated. We explain the benefits of catering to diverse-owned firms over traditionally-owned firms and how it helps the industrial ecosystem in the long run. We also discuss why companies should avoid developing new programs designed for the New Majority.
"If you're not thinking about supplier diversity, you should because these numbers are growing exponentially." - Cloe Guidry-Reed
This week on Breaking Barriers:
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!
If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.