The National Women’s Business Council (NWBC) recently released part 1 of our investigation into women’s participation in corporate supplier diversity program. As part of this initial research effort, PQC’s Emma Broming directed the quantitative analysis of an NWBC-sponsored survey that obtained feedback on women business owners interaction with, and use of, corporate supplier diversity programs.
As noted by PQC and echoed by the NWBC, corporate supplier diversity programs are a “win-win” for customers and suppliers as they positively affect the marketplace by increasing the number of qualified and experienced members of the supply chain. For women-owned firms, corporate supplier diversity programs can serve as a critical pathway to corporate market access as contracting with large corporations is an opportunity for women business owners to develop stable revenue streams, enhance their social networks, and scale up their businesses. Private and public corporations initiate supplier diversity programs to incorporate women- and minority-owned businesses into their procurement processes across the supply chain. The stability and connections developed within high quality programs may advance growth-oriented and scale-up women business owners in intensifying and expanding their businesses.
The complete report is currently available on the NWBC website!