Supplier diversity metrics are not yet the norm, despite industry push
Creating a diverse supplier chain seems to be at the forefront of the minds of CEOs, however only 38% of companies actually measure any metrics to make that happen. A 2022 State of Supplier Diversity Report has been released and shows that 93% of respondents understand that supplier diversity had a positive impact on the company. So why is there a lack of support?
Companies need clearly defined supplier diversity goals. Adequate staffing and budget are needed to meet deadlines and respondents have advised these are the most challenging aspects of operationalizing supplier diversity.
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