Five Things Sourcing Needs to Know About Supplier Diversity

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Everest Group’s upcoming market report comprehensively explores supplier diversity, aiming to provide sourcing leaders and diversity champions with essential insights for navigating the evolving landscape of sustainable procurement. The report begins with an introduction and research overview, defining sustainability within the supplier diversity context and outlining key drivers propelling buyers toward diverse and inclusive supplier relationships. Sourcing leaders will gain valuable perspectives on the responsibilities of supplier diversity leaders, diverse networking channels, and actionable metrics essential for accurate spend reporting. The report also addresses typical challenges that providers face, highlighting opportunities for proactive sourcing management. Corporate executive engagement is vital in fostering a culture of inclusion within supplier diversity programs. Culminating with best practices, the report serves as a strategic guide, distilling insights from successful implementations to empower sourcing managers in establishing and sustaining impactful supplier diversity initiatives.