The past 12-18 months have shed light on the impact of social issues on business decisions. In the past, Supplier Diversity was simply a reporting exercise – now it's an imperative. To support society and communities, Supplier Diversity initiatives are now a top priority for many organizations.
Inclusive procurement, which encompasses Supplier Diversity, generates economic opportunity for disadvantaged communities, bringing innovation, creativity, and a broader supplier pool which deliver both commercial and social benefits. At Ivalua, we strongly believe that businesses and their ecosystems have the power to positively impact society and the environment for the better.