“Supplier diversity for me from a corporate standpoint isn’t so much a definition or a case study as it is a program where we’re actively helping reduce barrier of entry to small and diverse businesses into corporate America” – Adam Moore
Do you think you understand and practice supplier diversity and inclusion? The Harvard Business Review describes a diverse supplier as “a business that is at least 51% owned and operated by an individual or group that is part of a traditionally underrepresented or underserved group.” Bearing that in mind, onboarding diverse suppliers to your supply chain is far more than “the right thing to do.” Supplier inclusion best practices can help your company build a more agile, innovative, and profitable supply chain.
In today’s episode of Breaking Barriers, Building a Hire Ground, hosts Cloe Guidry-Reed and Adam Moore discuss supplier diversity and inclusion, and what it means for the next generation of entrepreneurs. They break down the categories of diverse suppliers and discuss what needs to be done to give new-majority-owned companies greater access to opportunities in enterprise supply chains.
Cloe and Adam also look at the history of supplier inclusion, starting with the Civil Rights Movement in the 1950’s and 1960’s to its evolution into an economic development initiative. In addition, the podcast hosts talk about the differing responsibilities small businesses have compared to large corporations, and how those smaller businesses can mitigate their own risks when they are brought into a larger organization.
This week on Breaking Barriers, Building a Hire Ground:
- What supplier diversity and inclusion means in business today
- The four groups that supplier diversity and inclusion practices cover
- Why the definition of “diversity and inclusion” only outlines the problem, not the solution
- How supplier diversity and inclusion has evolved since the 1960’s
- Why Corporate America needs to expand its knowledge of supplier diversity
- Why advocacy needs to be supported with the correct language
Connect with Hire Ground:
- Hire Ground’s Website
- Hire Ground on LinkedIn
- Hire Ground on Facebook
- Hire Ground on Twitter
- Cloe Guidry-Reed on LinkedIn
- Adam Moore on LinkedIn
This podcast is brought to you by Hire Ground
Hire Ground is a technology company whose mission is to bridge the wealth gap through access to procurement opportunities. Hire Ground is making the enterprise ecosystem more viable, profitable, and competitive by clearing the path for minority-led, women-led, LGBT-led, and veteran-led small businesses to contribute to the global economy as suppliers to enterprise organizations.
For more information on getting started please visit us @ hireground.io today!
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