You are currently viewing Are Business Diversity Certifications Worth The Effort For Suppliers?

Cybele Negris is CEO & cofounder of Webnames Corporate and Webnames.ca, leaders in enterprise domain name, DNS and SSL management services.

A recently released study indicates that fewer than 50% of diverse business suppliers have a certification that communicates their identity. As a diverse business owner, I find this surprising given that 70% of surveyed organizations globally indicated that supplier diversity is a high or medium priority.

The data is clear: The commercial advantages of diversity in the supply chain are significant. They include increased competition in the supply base, greater innovation, reduced costs, enhanced resiliency and access to new and untapped markets. Supplier-diversity programs also spotlight a company’s effort and commitment to moral, ethical and equitable standards—an important factor in the buying decisions of many B2B and B2C consumers alike.

Supplier Diversity Certifications

Diverse supplier certifications can be obtained from reputable independent organizations that

Keep reading this article on Forbes Small Business.

Leave a Reply