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CVM Supplier Diversity Blog

Boost MWBE Spend Through Tier 2 Diversity Initiatives

This blog was originally published on 6/1/2013 and updated on 12/30/2019.

When considering strategies to increase engagement and spend with diverse suppliers, supplier diversity programs must be willing to be moved to tiers. (Sorry, we couldn’t resist the obvious pun!) Tier 1 and Tier 2 are important terms to know when describing suppliers, especially diverse suppliers, and the supplier diversity Tier goals that companies set and strive to meet. Tier 2 suppliers are of special note because these businesses offer the potential to partner with more diverse suppliers and grow your diversity initiatives.

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Global Supplier Diversity: How Going Global Benefits U.S. Diverse Businesses

One of the key acknowledgments of our supplier diversity programs is that there is a pool of suppliers out there full of untapped potential because they do not have access to the same opportunities that their majority-owned counterparts do. Five decades of work toward equality and equity for United States-based diverse suppliers is paying off, allowing us to focus on an even bigger picture: global supplier diversity and the enormous potential of diverse suppliers outside the U.S.

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How Supplier Diversity is Going Global

Let’s cut right to the chase: The United States is the global leader in supplier diversity. 

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How Diverse Suppliers Can Improve Their Relationships with Corporations

Successful businesses are built on good relationships with clients and vendors. For diverse-owned businesses, building and maintaining relationships with corporate partners should be a top priority. Firms committed to supplier diversity and inclusive supply chains are a boon for diverse suppliers that are up against systemic barriers and outright discrimination.

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State of Supplier Diversity: Product-Focused Industries

For the third year, we at CVM, a supplier.io company, conducted our survey of supplier diversity professionals and diverse suppliers. This first-of-its-kind survey gives insight into what supplier diversity professionals experience within their own programs, as well as how diverse suppliers navigate the supplier diversity environment.

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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.