Virtually All Diversity Suppliers Meet or Exceed Expectations
According to a new Hackett Group Inc. report, 76 percent of all diverse suppliers meet buyers' expectations and another 23 percent exceed them. Additionally, the buyers see improved quality and often extract other benefits, including increased market share and access to new revenue opportunities. Says, Elizabeth A. Vazquez, CEO and Co-Founder of WEConnect International:
"Some of the most successful supplier diversity and inclusion programs come from companies that have diversity and inclusion in their DNA. They are making strategic investments in the communities they serve not only in the U.S., but around the world. Global corporations must be committed to utilizing the world’s best suppliers. Smart companies will make a conscious effort to identify underutilized suppliers in every market that can bring value, including businesses owned by women, ethnic minorities, people with disabilities, members of the lesbian, gay, bisexual and transgender (LBGT) community, and other groups."