The growing importance of closing the gap of socio-economic disparities, increasing emphasis on corporate social responsibility and sustainability, and the need in the COVID-19 era for rapid innovation have created increased demand for enhanced supplier-diversity programs. What’s happening across corporate America is a new emphasis on finding a variety of suppliers owned by people from underrepresented groups. And instead of measuring success in the traditional way of how many dollars are spent with these groups, organizations are going far deeper in assessing suppliers’ impact on their business and their communities.
