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Supplier diversity is the intentional inclusion of businesses owned by a group or an individual belonging to a historically underrepresented group.
A successful supplier diversity program can:
• Create competition amongst new and existing suppliers within your supply chain
• Enhance innovation by allowing your team to tap into new perspectives, mindsets and ideas
• Allow your company to be more agile during times of uncertainty
A diverse supplier is a business that is at least 51% owned and operated by an individual or group that is part of a historically underrepresented group. Common classifications are minority-owned enterprises (MBEs) and woman-owned enterprises (WBEs).
ICSC has partnered with SupplierGATEWAY to provide our members with discounted access to over two million women and BIPOC service providers and businesses. Commercial real estate firms of all sizes are joining the SupplierGATEWAY platform to reduce costs by sourcing resources competitively, to mitigate risk by engaging diverse suppliers and to make sure their practices have a positive impact on the community.
To learn more about ICSC’s Supplier Diversity efforts click here.