Why Supplier Diversity?
Links to 'Market Share'
The Census Bureau estimates that minorities, both arriving from abroad and born here in the United States, will account for nearly 90 percent of the total growth in the U.S. population from 1995 to 2050.
By 2010, one out of every three persons in the USA will be minority.
3 TUSD is the number being reported as 'Buying Power' of African American, Hispanic American, and Asian American owned businesses.
6.1 million women-owned businesses have $3.6 TUSD sales, a revenue growth of +436% representing another segment that corporate America is eyeing as well.
Supplier Diversity ties to changing demographics and Marketing.
Supplier Diversity adds value to the supply chain — Diversity invites different perspectives, often niche expertise tailored to problem resolutions.
Supplier Diversity increases competitive position. Mack and Volvo Trucks North America have a real program. Most of our competitors do not.
Supports Policy Development. Your program is 'Top-down' driven.