“As population became more diverse, supplier diversity has become an economic imperative.
The growing influence of Latinos, blacks, Asians, women and young people in America is not a new trend—just look at their impact on the last two presidential elections. For years, demographers and data have shown that at some point in the future (current estimates point to 2043), the percentage of nonwhites in the population will exceed the percentage of whites. In spite of these trends, however, corporate America is still falling short of targets to increase diverse purchases to better reflect its increasingly diverse customer base….”
February 2013 Edition of the MBE Magazine