Earlier this year, we released our second annual 2018 State of Supplier Diversity reports created from a comprehensive survey taken by over 300 respondents in the industry.

We gained valuable insight from diverse suppliers themselves that both confirmed some of our hunches (most diverse suppliers have been in business for over 11 years) and surprised us (the large number of diverse suppliers working with 10 or more corporations).

The following infographic is a brief visual overview of some of the key highlights from our findings in the diverse suppliers report.

As you might have heard, CVM launched its second annual State of Supplier Diversity survey earlier this year to get an idea of how much the industry could change in just one year. Both supplier diversity programs and diverse suppliers provided input as we sought to get a full picture of what both sides of the coin experience.

We released the results in April, and to date, more than 700 people have downloaded the reports.

While the full reports have 40+ pages of statistics and analysis, we wanted to offer you a visual snapshot of the results. This infographic features highlights from the supplier diversity programs report.

When people hear the term “supplier diversity,” they usually think of minority-owned businesses (MBEs), women-owned businesses (WBEs), or LGBTQ-owned businesses. Often, veteran-owned businesses (as well as businesses owned by service-disabled veterans) are not even considered.

Four years ago, Heather Manley was struck with inspiration. Sipping on a beautiful local craft spirit, she realized there was a significant difference between micro vs macro spirits. Comparing this difference to a tomato out of the garden vs out of the store, she realized there was a market for innovative craft spirits. Thus, in 2013 Crooked Water Spirits (CWS) was born.

The LGBTQ business community has been emerging as a major player in the world of supplier diversity over the past few years. The results of CVM Solutions’ groundbreaking State of Supplier Diversity reports reinforce this development.