Industry insights from supplier diversity experts who share recent trends and future development in the space.
Achieving long-term success with major customers - At the Toyota Opportunity Exchange supplier-diversity workshop in October last year, Ed Rigaud, owner of EnovaPremier LLC, presented the keys to his company’s success working with major corporations like Toyota, General Motors Co. and Hyundai Motor Co. Key #1 — strategic planning Using the creation of his own company as an example, Rigaud stressed strategic ... more →
What lessons can we learn from entertainers and athletes? - Like many others in my age group, I am mesmerized by the impact that young, minority artists and athletes have had on people around the world, as well as the immense wealth generated in a relatively short period of time. In my day, only a few artists like Sammy Davis Jr., Harry Belafonte and Sidney ... more →
Why public policy matters to supplier diversity development - William A. Kirk has simple advice for minority and small business owners who want to grow, scale up operations and be successful: Pay attention to public policy. Kirk, a partner at K&L Gates LLP ,has enjoyed a long and successful career in Washington, D.C. He served on Capitol Hill for 10 years, first as ... more →
The Diversity Profit Equation - A new way to determine the value proposition for diversity and inclusion Today, as the U.S. economy pulls out of the recession, companies are putting a strong emphasis on productivity and regaining momentum in terms of profits. This environment has impacted diversity programs. One major question is, “What is the financial return on investment?” In ... more →
Supplier diversity must shift to supplier development - “The recession of 2008 created a shakeout in corporate supplier diversity programs. Corporations with vision already had strong programs and sustained them. They recognized that minorities are the future consumers, backbone of the workforce and major links in the value chain,” said Leonard Greenhalgh, professor of management and director, programs for minority- and women-owned businesses ... more →
USHCC’S Javier Palomarez Says Supplier Diversity Is Smart Business - According to Javier Palomarez, United States Hispanic Chamber of Commerce president & CEO, not only is supplier diversity the right thing to do, but, more importantly, it is a profitable business practice that sets a company’s brand apart and allows it to stay competitive in an increasingly global economy. During a keynote speech at the ... more →
Reggie Williams Discusses Recent Trends in Supplier Diversity - It’s easy for a business to give someone a title and proclaim a commitment to supplier diversity. However, there is a big difference between having a supplier diversity program and having a program that works. Simply put, the difference is in action — not just words. According to Reginald Williams, CEO of Atlanta-based Procurement Resources ... more →