As more companies grow savvy to the benefits of cultivating a diverse supplier base, supplier diversity programs have grown in popularity and in number. For a supplier diversity program to succeed long term, however, it needs to have a sustainable growth strategy—that’s where supplier development programs come into play.

It's becoming more commonly known that supplier diversity and women-owned business enterprises (WBEs) are essential for economic success. Let’s look at a few numbers to see why.

Millennials. A million think pieces have parsed their buying habits and economic outlook. They’ve been accused of ruining the economy and toppling traditional norms. But is their impact so bad?

As supplier diversity professionals, we focus a lot on the B2B aspect of our work.

Identifying potential diverse suppliers, implementing supplier development initiatives to build a strong, sustainable, diversified supply chain—these are worthy pursuits, but let's not forget the other reason working with diverse suppliers is good for business: the consumer. 

Have you ever been asked the question: Are corporations limiting their supply chain to only diverse suppliers?

If you're reading this, then interacting and engaging with diverse suppliers is probably a part of your job description.

We supplier diversity professionals spend a lot of time talking about, thinking about, and working with minority and underrepresented businesses.