A diverse supply chain fosters innovation and drives growth
Embracing supplier diversity is essential for modern businesses seeking to foster innovation, drive economic growth, and promote an inclusive approach to procurement. Supplier diversity programs provide opportunities for underrepresented businesses, such as minority-owned, women-owned, and disability-owned business enterprises, to actively participate in the supply chain.
“Working with a more inclusive base of suppliers when procuring goods and services, is not just the right thing to do but provides more sourcing options and inclusiveness can make supply chains more resilient and agile — an increasingly important advantage in these uncertain times.”
Greater supplier diversity can strengthen competitive advantage whilst addressing inequity
The economic impact of supplier diversity initiatives beyond fulfilling quotas or ticking boxescan significantly impact underrepresented businesses’ economic development, enhance the quality of life for diverse business owners, and even boost the economic output of entire regions. Benefits of an effective supplier diversity program include:
- Establishing strong partnerships to access innovations
- Champion business inclusion to foster a future-focussed culture
- Create economic opportunities through an inclusive approach to procurement.
Proxima’s approach to supplier diversity
Proxima is committed to ensuring diversity in supplier programs, and we take pride in sourcing from businesses that represent a diverse array of backgrounds and perspectives. The foundation of our comprehensive supplier diversity program includes:
- Identifying diverse suppliers through market insights and extensive industry networks
- Facilitates meaningful opportunities by embedding accessibility to diverse suppliers within our clients’ programs
- Collaborating to support the development of diverse suppliers while contributing to a more robust and stable community.