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CVM Supplier Diversity Blog

How to Find Diverse Suppliers During the COVID-19 Pandemic

As the novel coronavirus (COVID-19) pandemic continues to impact every part of our lives, anticipating and resolving supply chain obstacles has become more critical than ever. 

Diverse suppliers could be a solution for companies seeking to fill supply chain gaps or find innovative ways to meet emerging needs. 

But with so much of our “business as usual” disrupted, many supplier diversity professionals are wondering how to find diverse suppliers during COVID-19. The usual routes of discovery—primarily industry conferences and business expos—are not accessible during this time of social distancing.

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What Makes a Good Diverse Supplier and How Can You Evaluate Suppliers?

A business is only as good as its supply chain, and a supplier diversity program is only as good as the diverse suppliers it identifies and brings into that supply chain.

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Understanding Supplier Diversity Compliance

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Can Supplier Diversity Reduce the Impact of Coronavirus on the Supply Chain?

The novel coronavirus (COVID-19) is impacting our world in unprecedented ways. Schools are closed. People have been asked to stay home whenever possible. Masks and gloves are common sights. Shelves in stores are empty of many basic supplies.

As the global pandemic continues to disrupt business—and life—as usual, our global supply chain is straining under the pressure to fulfill essential needs. Restrictions on importing from certain locations along with increased and new demand for certain commodities are exposing weaknesses in the supply chain. 

As procurement teams search for alternative sources to fill temporary gaps, it’s time to consider new suppliers and partners in the marketplace.

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What is the Federal Acquisition Regulation and Why Does it Matter?

This blog was originally posted on 11/16/2016 and updated 4/22/2020.

On March 30, 2020, a new amendment to the Federal Acquisition Regulation (FAR) that could significantly impact federal contractors and the small and diverse businesses within their supply chains went into effect. The new rule, FAC 2020-05, updates and clarifies regulations regarding set-aside orders under multiple-award contracts.

What does this mean for you? Let's start with a quick refresher on the FAR as a whole and then take a look at two other updates.

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For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. Equipped with unparalleled data intelligence, superior technology and expertise guidance, businesses can effectively establish and advance their Supplier Diversity initiatives.