# Supplier.io™ > Smarter solutions for supplier diversity. --- ## Pages - [](https://supplier.io/solutions/sustainable-procurement): Build a responsible supply chain with Supplier.io’s sustainable procurement platform. Discover, track, and measure environmental impact with trusted supplier intelligence. - [Supplier Diversity Program](https://supplier.io/solutions/supplier-diversity-program): Empower your supplier diversity program with accurate data and insights from Supplier.io. Identify, measure, and grow your impact with small, local, and diverse suppliers. - [Alternate Sourcing Solutions](https://supplier.io/solutions/alternate-sourcing): Reduce supply chain risk and improve sourcing flexibility with Supplier.io. Discover trusted alternate suppliers, strengthen local partnerships, and build resilience with data-driven insights. - [Supplier Explorer Emissions](https://supplier.io/supplier-diversity-software/supplier-explorer-emissions): Unleash the power of climate data for your supply chain. Gain critical GHG insights, reduce risks, and meet your climate objectives with Supplier.io. - [Unified Tier 2](https://supplier.io/unified-tier-2-reporting-platform): Simplify Tier II reporting with UniTier. Streamline diverse spend reporting for suppliers and improve data quality for corporations on one unified platform. - [Carbon Analytics](https://supplier.io/supplier-diversity-software/scope-3-reporting): Efficiently track and report Scope 3 emissions with powerful software. Gain insights into your supply chain’s carbon footprint and streamline ESG reporting. - [Supplier.io Subprocessors and Affiliates](https://supplier.io/terms-of-use/subprocessors): Updated February 4, 2025. Effective March 1, 2025. In connection with our provision of the Services, Supplier. io and its... - [Acceptable Use Policy](https://supplier.io/terms-of-use/acceptable-use-policy): Updated NOV 29, 2021 This Supplier. io Acceptable Use Policy (this “Policy”) describes prohibited uses of the cloud-based services offered... - [Subscriber Agreement](https://supplier.io/terms-of-use/subscriber-agreement): Updated June 20, 2020 This Subscriber Agreement (the “Agreement”) is entered into by and between Supplier. io, Inc. (“Supplier. io”)... - [User Terms of Service](https://supplier.io/terms-of-use/user-terms-of-service): Updated November 3, 2022. Supplier. io, Inc. (“Supplier. io,” “we,” “our”) offers a variety of supplier discovery, data and collaboration... - [Privacy Policy](https://supplier.io/privacy-policy): Updated April 28, 2023 This policy covers how Qurium Solutions, Inc. and its affiliate “Supplier. io”, “CVM”, “CVM Solutions”), (collectively... - [Support and Maintenance Agreement](https://supplier.io/terms-of-use/support-and-maintenance-agreement): QURIUM SOLUTIONS, INC. Schedule A: Support and Maintenance Agreement 1.  Definitions. a. “Designated Support Contact” means any Customer employee appointed... - [Contact Us](https://supplier.io/contact-us): Contact Supplier.io and learn how to spend smarter, buy more responsibly, and measure more effectively today. Let's talk. - [MSA](https://supplier.io/msa): - [](https://supplier.io/data-consent): - [Do Not Sell My Personal Information](https://supplier.io/do-not-sell-my-personal-information): We value your privacy, but more importantly, we value our relationship with you. Here at Supplier.io, we assure you that your data is safe with us. - [Terms Of Use](https://supplier.io/terms-of-use): User Terms of ServiceSubscriber AgreementAcceptable UseSupport & Maintenance AgreementSubprocessors - [Resource Library](https://supplier.io/insights/resource-library): Explore essential resources for supplier diversity programs. Access guides, webinars, and success stories all in one place to enhance your initiatives. - [Insights](https://supplier.io/insights): - [Talk to an expert - supplier diversity, supplier intelligence](https://supplier.io/talk-to-an-expert): Get a demo to see how our data, insights, and analysis helps you find new diverse suppliers, gain visibility, and demonstrate your impact. - [Online Data Enrichment](https://supplier.io/online-data-enrichment): Quickly enrich up to 2,000 supplier records with accurate small and diverse supplier data. Get a demo! - [Tier 2 Spend Reporting](https://supplier.io/supplier-diversity-software/tier-2-spend-reporting): Expand tier 2 reporting with Supplier.io. Engage current suppliers to report their small and diverse spend. - [Supplier Registration](https://supplier.io/supplier-diversity-software/grow-your-program/supplier-registration): Easily collect and manage supplier information. Supplier registration and fast access to data for qualifying new suppliers. - [About](https://supplier.io/about): At Supplier.io, we provide supplier intelligence to build stronger businesses and resilient supply chains through innovative sourcing. - [Benchmarking](https://supplier.io/supplier-diversity-software/benchmarking): Benchmark your supplier diversity program against industry peers to identify opportunities. Analyze against $2T in spend data and 400+ peers. - [Blogs](https://supplier.io/insights/blog): Discover insights and expert advice on supplier diversity! Our blog features the latest trends, best practices, and success stories to keep you informed. - [Glossary](https://supplier.io/glossary): Explore our glossary for key industry terms, data insights, and thought leadership content. Enhance your knowledge with our comprehensive resources. - [Economic Impact Analysis](https://supplier.io/supplier-diversity-software/economic-impact-analysis): Measure the impact of your responsible sourcing program. See how your spend supports businesses, creates jobs, and drives community growth. - [Expand Your Reach](https://supplier.io/supplier-diversity-software/expand-your-reach): Maximize your procurment impact. Expand your program with tier 2 reporting, analyze success, and share results publicly. - [Supplier Explorer](https://supplier.io/supplier-diversity-software/grow-your-program/supplier-explorer): Find the perfect suppliers for your business requirements. Get instant access to trusted small, diverse and sustainable suppliers. - [Analytics & Reporting](https://supplier.io/supplier-diversity-software/supplier-diversity-reporting): Supplier.io's effortless supplier intelligence simplifies data collection and analysis. Say goodbye to manual reports. Book a demo today! - [Grow Your Program](https://supplier.io/supplier-diversity-software/grow-your-program): Empower your team to find more small, diverse, and sustainable suppliers quickly with our 7-million-plus database. - [Why Supplier.io for Supplier Intelligence](https://supplier.io/why-supplierio-for-supplier-diversity): Use Supplier.io’s data intelligence to build a resilient, innovative, and impactful supply chain. Book a demo! - [Mature your program](https://supplier.io/solutions/mature-your-program): Learn how to improve and expand your impact while also streamlining your day-to-day operations. Get in touch with us and let's take your program further. - [Supplier Registration](https://supplier.io/diverse-supplier-registration): Grow your business by getting in front of corporate buyers. Supplier.io gives you visibility to corporate Procurement teams. - [Data Enrichment](https://supplier.io/supplier-diversity-software/data-enrichment): Maximize supplier intelligence with data enrichment, enhancing data quality, reducing risk, and increasing opportunities. Learn more. - [Supplier Diversity & Sustainability Software](https://supplier.io/supplier-diversity-software): Discover small, diverse and sustainable suppliers; identify growth opportunities, and enhance your supply chain performance. - [Home](https://supplier.io/): Build and grow a successful supplier diversity program with Supplier.io’s supplier intelligent sourcing platform. --- ## Posts --- ## Glossary - [Veteran-Owned Business Enterprise (VOBE)](https://supplier.io/glossary/veteran-owned-business-enterprise-vobe): - [Woman-Owned Business Enterprise (WBE)](https://supplier.io/glossary/woman-owned-business-enterprise-wbe): - [Veteran-Owned Business Enterprise (VOSB)](https://supplier.io/glossary/veteran-owned-business-enterprise-vosb): - [Veteran-Disability Owned Business Enterprise (VDOBE)](https://supplier.io/glossary/veteran-disability-owned-business-enterprise-vdobe): - [Tier 2 Supplier](https://supplier.io/glossary/tier-2-supplier): - [Tier 2 Spend](https://supplier.io/glossary/tier-2-spend): - [Tier 1 Supplier](https://supplier.io/glossary/tier-1-supplier): - [Tier 1 Spend](https://supplier.io/glossary/tier-1-spend): - [Third Party Master Database](https://supplier.io/glossary/third-party-master-database): - [Supplier Registration Portal](https://supplier.io/glossary/supplier-registration-portal): - [Supplier Management Process](https://supplier.io/glossary/supplier-management-process): - [Supplier Diversity](https://supplier.io/glossary/supplier-diversity): - [Supplier Development](https://supplier.io/glossary/supplier-development): - [Socially Disadvantaged Individuals](https://supplier.io/glossary/socially-disadvantaged-individuals): - [Small Disadvantaged Business](https://supplier.io/glossary/small-disadvantaged-business): - [Small Business Size Standards](https://supplier.io/glossary/small-business-size-standards): - [Small Business Set-Aside (Set-aside Contract)](https://supplier.io/glossary/small-business-set-aside-contract): - [Small Business Concern](https://supplier.io/glossary/small-business-concern): - [Small Business Administration (SBA)](https://supplier.io/glossary/small-business-administration-sba): - [Small Business](https://supplier.io/glossary/small-business): - [Service-Disabled Veteran-Owned Small Business (SDVOSB)](https://supplier.io/glossary/service-disabled-veteran-owned-small-business-sdvosb): - [Race and Ethnicity Definitions](https://supplier.io/glossary/race-ethnicity-definitions): - [Minority-Owned Business Enterprise (MBE)](https://supplier.io/glossary/minority-owned-business-enterprise-mbe): - [Master Vendor File](https://supplier.io/glossary/master-vendor-file): - [LGBTQ-Owned Business Enterprise](https://supplier.io/glossary/lgbtq-owned-business-enterprise): - [Historically Underutilized Business Zones Program (HUBZone)](https://supplier.io/glossary/historically-underutilized-business-zones-program-hubzone): - [Government Contracting Goals](https://supplier.io/glossary/government-contracting-goals): - [Economic Impact Analysis (EIA)](https://supplier.io/glossary/economic-impact-analysis-eia): - [Certification Agency](https://supplier.io/glossary/certification-agency): - [Data Enrichment (Data Cleanse; Data Scrub)](https://supplier.io/glossary/data-enrichment-data-cleanse-data-scrub): - [Disability-Owned Business Enterprise (DOBE)](https://supplier.io/glossary/disability-owned-business-enterprise-dobe): - [Diverse Business (Diverse Supplier)](https://supplier.io/glossary/diverse-business-diverse-supplier): - [Diverse Certification](https://supplier.io/glossary/diverse-certification): - [Diverse Supplier Spend](https://supplier.io/glossary/diverse-supplier-spend): - [Economic Impact](https://supplier.io/glossary/economic-impact): - [Economically Disadvantaged Individuals](https://supplier.io/glossary/economically-disadvantaged-individuals): - [Federal Acquisition Regulation (FAR)](https://supplier.io/glossary/federal-acquisition-regulation): - [8(a) Business Development Program](https://supplier.io/glossary/8a-business-development-program): --- ## Articles - [Navigating Tariffs and Global Disruption: Why Alternative Sourcing and Supplier Intelligence Are Business Critical](https://supplier.io/resources/blog/navigating-tariffs-global-disruption-alternative-sourcing-supplier-intelligence): Procurement and supply chain leaders must act quickly to reduce dependency on single geographies and invest in alternative sourcing strategies. - [Supplier.io Launches New Supplier Dashboard with Buyer Search Insights](https://supplier.io/resources/in-the-news/supplier-io-launches-new-supplier-dashboard-with-buyer-search-insights): Leader in Supplier Intelligence Helps Suppliers Gain Real-Time Visibility into Buyer Search Behavior Amid Heightened Economic Pressure - [How to Source Smarter with Small Suppliers](https://supplier.io/resources/webinars-podcasts/how-to-source-smarter-with-small-suppliers): Explore trends, sourcing benchmarks, and proven best practices for strengthening small supplier partnerships with the US Chamber of Commerce. - [Product Spotlight: Supplier Explorer & Supplier Registration](https://supplier.io/resources/webinars-podcasts/product-spotlight-supplier-explorer-supplier-registration): Join us for a Product Spotlight webinar and discover how Supplier.io can help you find, verify, and onboard suppliers with greater confidence. - [Supplier Diversity Best Practices in the United Kingdom](https://supplier.io/resources/webinars-podcasts/supplier-diversity-best-practices-in-the-united-kingdom): This webinar, hosted in partnership with MSDUK, explores how UK businesses are adapting best practices to their unique market realities. - [Supplier.io Partners with People and Planet First to Advance Supplier Intelligence in Global Supply Chains ](https://supplier.io/resources/in-the-news/supplier-io-partners-with-people-and-planet-first-to-advance-supplier-intelligence-in-global-supply-chains): New Integration Brings Enhanced Enterprise Data to Help Businesses Gain Deeper Visibility, Mitigate Supplier Risk, and Optimize Sourcing Decisions Across 135 Countries. - [Expert Experience: Supplier Diversity and Alternate Sourcing](https://supplier.io/resources/webinars-podcasts/expert-experience-supplier-diversity-and-alternate-sourcing): Hear strategies & practical insights from a supplier diversity veteran who has led complex programs for major companies for over 20 years. - [What’s Next for Your Supplier Diversity Program: Key Insights from The Hackett Group’s 2025 Report ](https://supplier.io/resources/blog/whats-next-supplier-diversity-program-key-insights-hackett-groups-2025-report): Explore how supplier diversity programs are evolving in 2025 with new data from the Hackett Group. Trends in data, sourcing, and impact. - [Supplier.io Sets New Benchmark in Supplier Intelligence with More Than 10 Million Suppliers and $9 Trillion in Spend Data](https://supplier.io/resources/in-the-news/supplier-io-sets-new-benchmark-supplier-intelligence): Supplier.io announced its supplier database has surpassed 10 million suppliers and now includes over $9 trillion in tracked spend history. - [Reduce Supply Chain Risk with Data-Driven Sourcing](https://supplier.io/resources/blog/reduce-supply-chain-risk-with-data-driven-sourcing): Using data, benchmarking, and supplier discovery to drive sourcing decisions that reduce risk and create value. - [Product Spotlight: Measuring Success with Economic Impact Analysis](https://supplier.io/resources/webinars-podcasts/product-spotlight-measuring-success-with-economic-impact-analysis): See how economic impact analysis works and how your dollars affect wages, employment, and taxes in the communities you serve. - [New Supplier Diversity Research with The Hackett Group](https://supplier.io/resources/webinars-podcasts/new-supplier-diversity-research-with-the-hackett-group): The Hackett Group's new in-depth supplier diversity research offers timely insights. Join us to dive into the results and ask live questions. - [Unlocking Supplier Intelligence with Data Enrichment](https://supplier.io/resources/blog/unlocking-supplier-intelligence-with-data-enrichment): Data Enrichment gives you a detailed view of your suppliers so you can make informed sourcing decisions and strengthen procurement programs.  - [Responsible Sourcing: Securing Supply Chain Stability](https://supplier.io/resources/blog/responsible-sourcing-securing-supply-chain-stability): See how organizations are navigating supply chain risk and volatility by strategically engaging small, diverse, and local suppliers. - [Product Spotlight: Find the Right Suppliers with Proactive Insights](https://supplier.io/resources/webinars-podcasts/product-spotlight-find-the-right-suppliers-with-proactive-insights): Join us to learn how to confidently engage stakeholders and make data-driven sourcing recommendations that align with your business needs. - [Product Spotlight: Supplier Explorer](https://supplier.io/resources/webinars-podcasts/product-spotlight-supplier-explorer): Join us for this product session featuring expert insights and a live demo, where we’ll show Supplier.io’s Supplier Explorer solution. - [Top 10 Hardest-to-Source Products in 2025 – Is Your Supply Chain at Risk?  ](https://supplier.io/resources/blog/top-10-hardest-to-source-products-in-2025-is-your-supply-chain-at-risk): If you depend on a steady supply of key products, failing to diversify your supplier base leavs you vulnerable to rising costs, delays & operational risks. - [The Changing Economic Landscape and Its Impact on Procurement Spend](https://supplier.io/resources/blog/the-changing-economic-landscape-and-its-impact-on-procurement-spend): In a recent webinar, we discussed changing economic trends and procurement spending with several industry experts. Discover our key takeaways. - [Best Practices for Procurement Teams in Alternate Sourcing](https://supplier.io/resources/webinars-podcasts/best-practices-for-procurement-teams-in-responsible-sourcing): Unlock proven strategies to stengthen your sourcing program with small, local, diverse, and sustainable suppliers. - [Driving Financial Services Business Success Through Responsible Sourcing](https://supplier.io/resources/blog/driving-financial-services-business-success-through-responsible-sourcing): Experts share valuable insights & best practices that other financial institutions can leverage to strengthen responsible sourcing programs. - [Product Spotlight: Data Enrichment](https://supplier.io/resources/webinars-podcasts/product-spotlight-data-enrichment): Join us for this product session featuring expert insights and a live demo, where we’ll show Supplier.io’s Supplier Data Enrichment. - [How Supplier Diversity Can Help with Volatility and Risk](https://supplier.io/resources/blog/how-responsible-sourcing-can-lead-through-volatility-and-risk): Procurement leaders can optimize responsible sourcing strategies to mitigate risk and leverage supplier intelligence to enhance supply chain resilience. - [Supporting You Through 2025: Navigating Change Together](https://supplier.io/resources/blog/supporting-you-through-2025-navigating-change-together): A note from our CEO, Aylin Basom, on the recent challenges and opportunities we've seen in our industry. - [The Rising Importance of Supplier Diversity Programs in Manufacturing](https://supplier.io/resources/blog/the-rising-importance-of-supplier-diversity-programs-in-manufacturing): In a recent Supplier.io webinar with Ford, we discovered how diverse supply chains are a competitive advantage in manufacturing. - [Unpacking $168B in Supplier Spend: Key Trends & Economic Impact](https://supplier.io/resources/webinars-podcasts/supplier-diversity-annual-spend-analysis-economic-impact): Explore where organizations are spending their money, how it has shifted year over year, and the impact it's had on people and communities. - [Supplier.io Honors Industry Leaders Driving Economic Growth through Responsible Sourcing in Second Annual Supply Chain Diversity Excellence Awards](https://supplier.io/resources/in-the-news/economic-impact-supply-chain-diversity-excellence-awards): Supplier.io showcases how partnerships with small and diverse suppliers are fueling economic growth and creating jobs worldwide. - [Supplier Diversity Health Assessment](https://supplier.io/resources/landing/supplier-diversity-health-assessment): Identify both strengths and areas for improvement in your supplier diversity program with this 3-minute supplier diversity health assessment. - [Navigating Tariffs and Uncertainties by Strengthening Supply Chains via Supplier Diversity](https://supplier.io/resources/in-the-news/navigating-tariffs-and-uncertainties-by-strengthening-supply-chains-via-supplier-diversity): The role of supplier diversity has become more crucial than ever, offering a strategic advantage by enhancing supply chain resilience and agility. - [Supplier.io Honored by Deloitte, Spend Matters, and More in Series of Awards for Responsible Sourcing Excellence](https://supplier.io/resources/in-the-news/supplier-io-honored-for-responsible-sourcing-excellence): Supplier.io Receives Five Recognitions for Triple-Digit Revenue Growth, Strong Female Leadership, and Innovations in ESG Technology - [Supplier Diversity in Financial Services - Expert Panel](https://supplier.io/resources/webinars-podcasts/supplier-diversity-in-financial-services-expert-panel): Hear from Financial Services experts on how they run successful and business-driving supplier diversity programs. - [Key Trends for Supplier Diversity Programs and Procurement Teams in 2025](https://supplier.io/resources/blog/key-trends-for-supplier-diversity-programs-and-procurement-teams-in-2025): A recent Supplier.io webinar uncovered how cost, sustainability, AI & shifting economic policies are reshaping supplier diversity programs. - [Navigate 2025 with Confidence: Strategies for Supplier Diversity Success](https://supplier.io/resources/webinars-podcasts/2025-readiness-mitigating-risks-sustaining-supplier-diversity-success): Join Supplier.io and The Hackett Group to explore steps you can take to ensure a successful supplier diversity program in spite of changes expected in 2025. - [Building a Sustainable Supply Chain for Long-Term Success](https://supplier.io/resources/blog/building-a-sustainable-supply-chain-for-long-term-success): A sustainable supply chain integrates environmental and social considerations into every aspect of sourcing, production, and distribution. - [Measuring Economic Impact: How Supplier Diversity Programs Deliver Broader Business Value](https://supplier.io/resources/blog/measuring-economic-impact-how-supplier-diversity-programs-deliver-broader-business-value): Experts share insights into how organizations can quantify & communicate the economic impact of their spend with small and diverse suppliers. - [Supplier Diversity in Manufacturing: Expert Panel](https://supplier.io/resources/webinars-podcasts/supplier-diversity-in-manufacturing-expert-panel): Join supplier diversity experts from Ford & Supplier.io as they share insights and experience to help shape and improve your manufacturing supplier diversity program. - [Expanding Supplier Diversity with a Tier 2 Program: Insights from Industry Leaders](https://supplier.io/resources/blog/expanding-supplier-diversity-with-a-tier-2-program-insights-from-industry-leaders): In a recent Supplier.io Tier 2 webinar, experts shared valuable insights on building and optimizing Tier 2 supplier diversity programs. - [Investing in ESG Software for Enhanced Supply Chain Transparency](https://supplier.io/resources/blog/investing-in-esg-software-for-enhanced-supply-chain-transparency): ESG software has become an essential tool to increase supply chain visibility, enabling organizations to track, report, and improve ESG performance across their supply chains. - [Preparing for 2025 with Key Supplier Diversity and Procurement Insights](https://supplier.io/resources/webinars-podcasts/preparing-for-2025-with-key-supplier-diversity-and-procurement-insights): Join industry leaders Aylin Basom, CEO of Supplier.io and Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader at The Hackett Group to explore some of the major trends, priorities, and opportunities for supplier diversity programs in 2025. - [Driving Impactful Supplier Diversity by Partnering with Business Stakeholders  ](https://supplier.io/resources/blog/driving-impactful-supplier-diversity-by-partnering-with-business-stakeholders): Dwayne Norris shares his insights on how supplier diversity leaders can cultivate stronger partnerships with their internal stakeholders. - [Setting a Strong Baseline and Industry Benchmarks for Your Supplier Diversity Program](https://supplier.io/resources/blog/setting-a-strong-baseline-and-industry-benchmarks-for-your-supplier-diversity-program): In a recent Supplier.io webinar, experts discussed why data accuracy is often underestimated and how programs can benefit from industry benchmarks. - [Building a Strong Business Case for Supplier Diversity Investment](https://supplier.io/resources/blog/building-a-strong-business-case-for-supplier-diversity-investment): In a recent Supplier.io webinar we heard from industry experts who have helped organizations successfully launch and grow their supplier diversity programs. - [Strategies for Achieving Net-Zero Targets and Unlocking Supply Chain Sustainability](https://supplier.io/resources/blog/strategies-for-achieving-net-zero-targets-and-unlocking-supply-chain-sustainability): Procurement teams are in a unique position to lead the charge on sustainability. With the right data, tools, and supplier engagement, they can help their companies reach net-zero targets and build more sustainable supply chains. - [Understanding Economic Impact Analysis: How it Adds Value to Your Supplier Diversity Program](https://supplier.io/resources/blog/understanding-economic-impact-analysis-supplier-diversity): An Economic Impact Analysis gives you a clearer picture of how you’re helping create jobs, boost incomes, and support local economies. - [Webinar Series: Supplier Diversity Masterclass](https://supplier.io/resources/webinars-podcasts/webinar-series-supplier-diversity-masterclass): Join this 4-part series designed to help you build, grow, and measure the success of your supplier diversity program. - [Supplier.io Integrates with Amazon Business](https://supplier.io/resources/in-the-news/supplier-io-diverse-spend-amazon-business): Supplier.io Enables Procurement Teams to Measure, Manage, and Report on Small and Diverse Spend Through Amazon Business - [Supplier.io Releases the 2024 State of Supplier Diversity Report](https://supplier.io/resources/in-the-news/2024-state-of-supplier-diversity-report): 2024 State of Supplier Diversity Report reveals new insights into metrics, exec engagement, ESG, and the latest trends. - [2024 State of Supplier Diversity](https://supplier.io/resources/webinars-podcasts/2024-state-of-supplier-diversity): We surveyed over 350 supplier diversity leaders to understand how they’re meeting the growing demands of executive visibility, data accuracy, coordinating with ESG, and navigating the pressures from the economy and politics. - [How to Get Business Value from Your Supplier Diversity Program](https://supplier.io/resources/blog/how-to-get-business-value-from-your-supplier-diversity-program): Industry experts explore 4 ways you can better connect your supplier diversity program with the business and demonstrate value - [Uncovering Risk in Modern Supply Chains](https://supplier.io/resources/blog/uncovering-risk-in-modern-supply-chains): Experts from Supplier.io and Impact Analytics highlight the importance of improving transparency into ESG risks within supply chains. - [New report reveals where companies face ESG risks in their supply chains](https://supplier.io/resources/blog/new-report-reveals-where-companies-face-esg-risks-in-their-supply-chains): This report offers a comprehensive look into these risks and provides actionable strategies for procurement teams to tackle them effectively. - [Urgent call to address Scope 3 GHG Emissions in new CDP Supply Chain Report](https://supplier.io/resources/blog/urgent-call-to-address-scope-3-ghg-emissions-in-new-cdp-supply-chain-report): A recent report by CDP reveals that Scope 3 Greenhouse gas (GHG) emissions can often significantly exceed those from direct operations. - [How a global Food & Beverage company doubled diverse spend](https://supplier.io/resources/blog/how-a-global-food-beverage-company-doubled-diverse-spend): How better supplier diversity data and processes increased diverse spend by over $100M as part of procurement digital transformation. - [Supplier.io Unveils New Report on ESG Risks, Highlighting the Critical Role of Supply Chain Management in Corporate Sustainability](https://supplier.io/resources/in-the-news/supplier-io-unveils-new-report-on-esg-risks-highlighting-the-critical-role-of-supply-chain-management-in-corporate-sustainability): This report emphasizes the critical need for businesses to apply the same rigor to ESG reporting as they do to financial metrics. - [Supplier Diversity Best Practices with United Airlines](https://supplier.io/resources/blog/supplier-diversity-best-practices-with-united-airlines): Learn how United Airlines supplier diversity team adds business value, engages business leaders, and proves impact - [Driving business value with supplier diversity programs](https://supplier.io/resources/webinars-podcasts/supplier-diversity-program-value): In this webinar, we talked with procurement experts to learn how leading supplier diversity professionals can shift from tracking spend to demonstrating value to the organization. - [Uncovering ESG risks in modern supply chains](https://supplier.io/resources/webinars-podcasts/esg-risk-in-global-supply-chains): In this webinar we reviewed data from over 200 in-depth ESG risk assessments, providing an unparalleled look into the current risks of supplier sustainability performance, offering actionable insights to help your organization navigate the complex world of ESG risk management. - [NMSDC's 2023 minority business economic impact report](https://supplier.io/resources/webinars-podcasts/nmsdc-2023-economic-impact-report): Review highlights from the latest NMSDC economic impact report and learn how reports like these can be leveraged to ignite change. - [Supplier.io launches the 2024 State of Supplier Diversity survey](https://supplier.io/resources/blog/supplier-io-launches-the-2024-state-of-supplier-diversity-survey): Supplier.io launched the 6th annual State of Supplier Diversity study to identify emerging trends, challenges, and opportunities from programs leaders like you across the country. - [United Airlines - Supplier diversity driving business value](https://supplier.io/resources/webinars-podcasts/supplier-diversity-data-united-airlines): Learn how United Airlines increased supplier diversity spend 6X by shifting focus from tracking spend to proving business value and driving innovation. Get a demo! - [Data-Driven Supplier Diversity: A Financial Services Perspective](https://supplier.io/resources/blog/data-driven-supplier-diversity-a-financial-services-perspective): Financial services need to prove they're investing in the community. Supplier diversity is a perfect solution - [Unlock the Power of CDP Data for Net-Zero and Supply Chain Sustainability](https://supplier.io/resources/webinars-podcasts/cdp-achieve-net-zero): Unlock CDP data to achieve net-zero and a sustainable supply chain. Learn to manage Scope 3 emissions, mitigate climate risk, and build resilience. - [How Supplier Diversity Data and Practices Double Diverse Spend](https://supplier.io/resources/webinars-podcasts/supplier-diversity-double-diverse-spend): Learn how accurate supplier diversity data and best practices helped increase diverse spend by 100% in this webinar with Supplier.io and IBM experts. - [CDP and Supplier.io Partner to Improve Supply Chain Sustainability](https://supplier.io/resources/in-the-news/cdp-and-supplier-io-partner-to-improve-supply-chain-sustainability): Supplier.io and CDP provide a complete view of your suppliers’ climate performance to meet net-zero targets, regulations, and business goals. - [Data insights to lowering supply chain emissions and reaching net zero](https://supplier.io/resources/blog/data-insights-to-lowering-supply-chain-emissions-and-reaching-net-zero): Get the right data to reliably meet your ESG goals including lowering Scope 3 emissions and meeting Net Zero targets. - [Sustainable Procurement: Driving Value Creation and Managing Risk](https://supplier.io/resources/blog/sustainable-procurement-driving-value-creation-and-managing-risk): Industry leaders the Hackett Group and Shelly Brown share the business case, insights, and best practices for sustainable procurement - [Sustainability in Procurement](https://supplier.io/resources/webinars-podcasts/sustainability-in-procurement): Explore sustainability in procurement with insights from industry leaders. Learn how ESG practices drive value, manage risk, and enhance supply chain resilience. - [Beyond Good Intentions: The Tangible Business Case for ESG-Focused Procurement](https://supplier.io/resources/blog/beyond-good-intentions-the-tangible-business-case-for-esg-focused-procurement): ESG principles in your supply chain can generate real, measurable business benefits. Learn how ESG contributes to your roadmap to success.  - [3 Ways to Elevate ESG Performance in Your Supplier Base](https://supplier.io/resources/blog/3-ways-to-elevate-esg-performance-in-your-supplier-base): Overcome ESG challenges with better supplier data and deeper relationships. 3 strategies to strengthen your data and elevate ESG performance. - [Supplier Diversity Best Practices for 2024 with The Hackett Group](https://supplier.io/resources/blog/supplier-diversity-best-practices-for-2024-with-the-hackett-group): The Hackett Group shares how supplier diversity leaders can ensure their programs are successful with a clear roadmap to maturity. - [Supplier Diversity Best Practices for 2024 with UScellular™](https://supplier.io/resources/blog/supplier-diversity-best-practices-for-2024-with-uscellular): The UScellular™ supplier diversity program improves business results by injecting optionality and competitiveness into their supply chain. - [Roadmap for ESG Success in 2024](https://supplier.io/resources/webinars-podcasts/roadmap-for-esg-success-in-2024): Our dialogue with Kurt Albertson centered around crafting a roadmap for achieving success in supplier diversity and Environmental, Social, and Governance (ESG) initiatives in 2024. - [Tips to Combat Supplier Diversity Challenges](https://supplier.io/resources/webinars-podcasts/tips-to-combat-supplier-diversity-challenges): Supplier.io recently hosted an insightful conversation with Dwayne Norris, Supplier Diversity Manager at Enterprise Mobility, about how important it is for supplier diversity leaders to use metrics to measure success. - [Supplier Diversity Best Practices for 2024 with Enterprise Mobility](https://supplier.io/resources/blog/supplier-diversity-best-practices-for-2024-with-enterprise-mobility): Enterprise Mobility's Dwayne Norris built a successful supplier diversity program that provides actionable data and offers proven value. - [Best Practices for 2024 Webinar Series](https://supplier.io/resources/landing/best-practices-for-2024-webinar-series): Join our 5-part webinar series and earn a Supplier Diversity Excellence Certification. Gain key tools to improve your program. Visit our website for details. - [2024 Supplier Diversity: Legal Insights, Business Value, & Planning](https://supplier.io/resources/blog/2024-supplier-diversity-legal-insights-business-value-planning): Navigate the evolving landscape of supplier diversity in 2024. Explore legal insights, business value, and strategic planning for success. - [Tips to Revitalize Your Supplier Diversity Program](https://supplier.io/resources/webinars-podcasts/tips-to-revitalize-your-supplier-diversity-program): Get ideas on revitalizing your supplier diversity program by watching our webinar, Supplier Diversity Best Practices with UScellular. - [Prep for Legal & Political Issues Related to Supplier Diversity](https://supplier.io/resources/webinars-podcasts/prep-for-legal-political-issues-related-to-supplier-diversity): Go deep into recent legal cases involving corporate supplier diversity programs by watching our Best Practices for 2024 webinar. - [ESG: The Key to a Sustainable Supply Chain](https://supplier.io/resources/landing/esg-the-key-to-a-sustainable-supply-chain): Download this guide and unlock the strategic potential of a values-driven supply chain! - [Better Data, Better Opportunities](https://supplier.io/resources/landing/better-data-better-opportunities): Unlock new opportunities by comparing your program against real spend data from over $2T in spend across 400+ companies. - [Sourcing a Supplier? Make sure they are diverse!](https://supplier.io/resources/landing/sourcing-a-supplier-make-sure-they-are-diverse): The impact of bad data goes beyond false results and missing diverse suppliers. It could also mean lost business, failed audits, and more. - [Struggling with Data Inaccuracy?](https://supplier.io/resources/landing/struggling-with-data-inaccuracy): The impact of bad data goes beyond false results and missing diverse suppliers. It could also mean lost business, failed audits, and more. - [How a Global HR Provider Transformed Its Supplier Diversity Program to Win RFPs and Drive Growth](https://supplier.io/resources/blog/how-a-global-hr-provider-transformed-its-supplier-diversity-program-to-win-rfps-and-drive-growth): How a global HR organization transformed its supplier diversity program with accurate data and robust reporting - [Supplier.io Releases Winning Strategies of Top-Performing Supplier Diversity Programs for 2024](https://supplier.io/resources/in-the-news/supplier-io-releases-winning-strategies-of-top-performing-supplier-diversity-programs-for-2024): Supplier.io offers strategic guide to meet the supplier diversity challenges of 2024 as well as reduce risk, boost innovation, and cut costs as supply chain challenges rise  - [Millions of Diverse Suppliers at Your Fingertips](https://supplier.io/resources/landing/millions-of-diverse-suppliers-at-your-fingertips): Access millions of credible diverse suppliers with our enriched database. Save time, boost spend, and enhance reporting with our easy-to-use tools! - [Maximize Supplier Diversity Program Impact with Data-Driven Strategies](https://supplier.io/resources/blog/maximize-supplier-diversity-program-impact-with-data-driven-strategies): Easily maximize supplier diversity program impact with data-driven strategies. Lessons from supplier diversity leaders who know. - [[Test] Best Practices for 2024 Webinar Series](https://supplier.io/resources/webinars-podcasts/the-best-practices-for-2024-webinar-series): Supplier Diversity Excellence Certification: Your Roadmap to Success Our exclusive supplier diversity five-part webinar series was built to help you... - [Empowering Leadership: Essential Supplier Diversity Metrics for Success](https://supplier.io/resources/blog/empowering-leadership-essential-supplier-diversity-metrics-for-success): Unlock business success with strategic supplier diversity. Learn essential metrics for growth in today's corporate landscape. - [A Data-Driven Approach to Scope 3 GHG Measurements and Action](https://supplier.io/resources/blog/a-data-driven-approach-to-scope-3-ghg-measurements-and-action): Get a baseline and start measuring your Scope 3 greenhouse gases today with the data already at your fingertips.  - [3 Supplier Diversity Resolutions](https://supplier.io/resources/blog/3-supplier-diversity-resolutions): Set new year goals for your supplier diversity program that set you up for success. Here are 3 supplier diversity goals to consider. - [4 Guidelines for Supplier Diversity in 2024](https://supplier.io/resources/blog/4-guidelines-for-supplier-diversity-in-2024): Check out these trends to set your supplier diversity and responsible sourcing program up for success in the coming year. - [Supplier.io Recognizes Supply Chain Diversity Leaders for Commitment to Small and Diverse Spend](https://supplier.io/resources/in-the-news/supplier-io-recognizes-supply-chain-diversity-leaders-for-commitment-to-small-and-diverse-spend): Supplier.io first annual Supply Chain Diversity Excellence Awards to celebrates the companies making an economic impact - [Better Scope 3 Data and Tackling the Net Zero Challenge](https://supplier.io/resources/webinars-podcasts/better-scope-3-data-and-tackling-the-net-zero-challenge): Learn how you can leverage new technologies and ways of working with your supply chain to ensure you’re getting high-quality Scope 3 GHG data with the right amount of details and effort to meet your goals. - [Supplier Diversity and ESG in 2024](https://supplier.io/resources/webinars-podcasts/supplier-diversity-and-esg-in-2024): What will 2024 look like and how do ESG and supplier diversity leaders need to prepare? Join Supplier.io and The Hackett Group for this exclusive webinar to find out. - [2023 Supplier.io Economic Impact Report](https://supplier.io/resources/reports/2023-economic-impact-report): Discover the 2023 Supplier.io Economic Impact Report. See how supplier diversity supports over 1.3 million jobs, $104B in income, and $31.4B in tax revenue. - [Supplier.io Named a Fastest-Growing Company on 2023 Deloitte Technology Fast 500™](https://supplier.io/resources/in-the-news/supplier-io-named-a-fastest-growing-company-on-2023-deloitte-technology-fast-500): Supplier.io supplier diversity and ESG solution drives strong revenue growth for responsible supply chain visibility. - [Supplier.io Partners with impak Analytics to Elevate Supply Chain Visibility and Sustainability](https://supplier.io/resources/in-the-news/supplier-io-partners-with-impak-analytics-to-elevate-supply-chain-visibility-and-sustainability): Supplier.io now offers a complete and detailed supplier assessment against 17 UN based environmental, social and governance categories. - [Know your Sustainable Spend to Grow it – Here’s How](https://supplier.io/resources/blog/know-your-sustainable-spend-to-grow-it-heres-how): Maximizing supply chain sustainability requires procurement teams to properly manage and analyze their spend and supplier data. - [Getting your supplier diversity metrics board ready](https://supplier.io/resources/webinars-podcasts/getting-your-supplier-diversity-metrics-board-ready): The 2023 State of Supplier Diversity report clearly demonstrated that executive support and interest in supplier diversity has held strong, data is taking center stage in programs and politics and the economy are not slowing programs down. - [ESG and supply chain sustainability data](https://supplier.io/resources/webinars-podcasts/esg-and-supply-chain-sustainability-data): Procurement teams have a critical role to play in the environmental and social impact of companies today. To play this role, procurement teams need to provide meaningful and transparent supply chain data. That may seem daunting, but it doesn’t have to be. In this session we’ll cover some of the drivers for ESG and sustainability reporting, how leading organizations are taking action today, and how Supplier.io can help. - [Supplier.io is Selected for 2023 Spend Matters ‘50 Providers to Know’ List](https://supplier.io/resources/in-the-news/supplier-io-is-selected-for-2023-spend-matters-50-providers-to-know-list): Supplier.io is Selected for 2023 Spend Matters ‘50 Providers to Know’ List for supplier diversity and sustainability solution. --- # # Detailed Content ## Pages ### --- ### Supplier Diversity Program --- ### Alternate Sourcing Solutions --- ### Supplier Explorer Emissions --- ### Unified Tier 2 --- ### Carbon Analytics --- ### Supplier.io Subprocessors and Affiliates Updated February 4, 2025. Effective March 1, 2025. In connection with our provision of the Services, Supplier. io and its affiliates may engage third parties (each a “Subprocessor”) to process personal data. In certain circumstances an affiliate of Supplier. io may even be a Subprocessor. As a condition of permitting a Subprocessor to process personal data, Supplier. io (and its affiliates as applicable) will enter into a written agreement with each Subprocessor containing data protection obligations at least as protective as the technical and organizational measures Supplier. io has put into place to protect personal data from accidental or unlawful destruction, loss, alteration, or unauthorized disclosure or access. All terms capitalized above, but not defined have the meaning set forth in Supplier. io’s User Terms of Service, Privacy Policy, and/or applicable customer agreement with Supplier. io. Subprocessors ENTITY NAMESUBPROCESSING ACTIVITYENTITY COUNTRYGoogle Inc. Cloud Service ProviderUnited StatesMicrosoft CorporationCloud Hosting Provider, Document Storage, Email, Collaboration Solutions, and ReportingUnited StatesAmazon Web ServicesCloud Service ProviderUnited States Cloudflare, IncWeb Application FirewallUnited StatesHubspot, Inc. Customer Relationship ManagementUnited StatesPendo. io, Inc. Platform Engagement Analysis United States Segment. io, Inc. Collection, Integration, and Management of Platform Usage Data United States Sendgrid, Inc. Platform Email Delivery United States Snowflake, Inc. Data Warehouse United States Twilio, IncTexting for two-factor authenticationUnited StatesZendesk, IncCustomer Support ServicesUnited StatesMetacube Software Pvt LtdSoftware Development and Support ServicesIndia Supplier. io Affiliates ENTITY NAMEDESCRIPTIONENTITY COUNTRYCVM Solutions, LLCSubsidiaryUnited StatesCVM Solutions Pvt. Ltd. Supplier. io India Operations (subsidiary)India --- ### Acceptable Use Policy Updated NOV 29, 2021 This Supplier. io Acceptable Use Policy (this "Policy") describes prohibited uses of the cloud-based services offered by Supplier. io, Inc. (the "SaaS Products") to you. The examples described in this Policy are not exhaustive. Supplier. io may modify this Policy at any time with an updated version. By accessing or using the SaaS Products, you agree to the latest version of this Policy. If you violate the Policy or authorize or help others do so, Supplier. io may suspend or terminate your use of the SaaS Products. No Illegal, Harmful, or Offensive Use or Content You may not access, use, or authorize, encourage, promote, facilitate or help others to use the SaaS Products for any illegal, harmful, fraudulent, infringing, or offensive use, or to transmit, store, display, distribute or otherwise make available content that is illegal, harmful, fraudulent, infringing or objectionable. Prohibited activities or content include any illegal activities that violate the rights of others, or that can be harmful to others, or Supplier. io’s operations or reputation; content that infringes or misappropriates the intellectual property or proprietary rights of others; content that is defamatory, obscene, abusive, invasive of privacy, or otherwise objectionable; or content or other computer technology that can damage, interfere with, surreptitiously intercept, or expropriate any system, program, or data, including viruses, Trojan horses, worms, time bombs, spyware or cancelbots. No Security Violations You may not use the SaaS Products to violate the security or integrity of any network, computer or communications system, software application, or network or computing device (each, a "System"). Prohibited activities include accessing or using any System without permission, including attempting to probe, scan, or test the vulnerability of a System or to breach any security or authentication measures used by a System; monitoring of data or traffic on a System without authorization; or forging TCP-IP packet headers, e-mail headers, or any part of a message describing its origin or route. This provision does not prohibit the legitimate use of aliases and anonymous remailers. No Network Abuse You may not make network connections to any users, hosts, or networks unless you have permission to communicate with them. Prohibited activities include monitoring or crawling of a System that impairs or disrupts the System being monitored or crawled; inundating a target with communications requests so the target either cannot respond to legitimate traffic or responds so slowly that it becomes ineffective; interfering with the proper functioning of any System, including any deliberate attempt to overload a system by mail bombing, news bombing, broadcast attacks, or flooding techniques; operating network services like open proxies, open mail relays, or open recursive domain name servers; or using manual or electronic means to avoid any use limitations placed on a System, such as access and storage restrictions, or to avoid incurring fees. No E-Mail or Other Message Abuse You must not access or use the SaaS Products to distribute, publish, send, or facilitate the sending of unsolicited mass e-mail or other messages, promotions, advertising, or solicitations... --- ### Subscriber Agreement Updated June 20, 2020 This Subscriber Agreement (the “Agreement”) is entered into by and between Supplier. io, Inc. (“Supplier. io”) and the organization agreeing to the terms of this Agreement (“Customer”). This Agreement shall be effective on the earliest of (a) the date Customer clicks a button indicating its agreement with the terms of this Agreement; (b) Customer entering into an Order Form or similar form referencing or otherwise incorporating this Agreement; or (c) Customer’s use of the Service (the “Effective Date”). If you are entering into this Agreement on behalf of your organization, that organization is deemed to be the Customer and you represent that you have the power and authority bind that organization to this Agreement. 1 The Service. 1. 1 Provision of the Service. Supplier. io shall make the Service purchased under an Order Form available to Customer and its End Users pursuant to this Agreement during the applicable Subscription Term. The Service includes the features and functionality applicable to the version of the Service ordered by Customer. Supplier. io may update the content, functionality, and user interface of the Service from time to time in its sole discretion. 1. 2 Access Rights.  Customer has a non-exclusive, non-sublicenseable, non-transferable (except as specifically permitted in this Agreement) right to access and use the Service pursuant to this Agreement during the applicable Subscription Term, solely for Customer’s internal business purposes subject to the limitations set forth in the Order Form. 1. 3 Usage Restrictions Customer shall not (a) make the Service available to, or use any Service for the benefit of, anyone other than Customer and its Affiliates; (b) rent, sublicense, re-sell, assign, transfer, distribute, time share, or similarly exploit the Service; (c) reverse engineer, copy, modify, adapt, hack the Service, or otherwise attempt to gain unauthorized access to the Service or its related systems or networks; (d) access the Service, the Documentation, or Supplier. io’s Confidential Information to build a competitive product or service; (e) alter or remove, or permit any third party to alter or remove, any proprietary trademark or copyright markings incorporated in, marked on, or affixed to the Service; (f) allow End User Subscriptions to be shared or used by more than one individual End User (except that End User Subscriptions may be reassigned to new End Users replacing individuals who no longer use the Service for any purpose, whether by termination of employment or other change in job status or function); or (g) access or use the Service: (i) to send or store infringing, obscene, threatening, or otherwise unlawful material, including material violative of third-party privacy rights; (ii) in violation of applicable laws; (iii) to send or store material knowingly or intentionally containing software viruses, worms, Trojan horses or other harmful computer code, files, or scripts; or (iv) in a manner that interferes with or disrupts the integrity or performance of the Service (or the data contained therein). 1. 4 Protection of Customer Data. Supplier. io shall implement and maintain administrative, organizational, and technical... --- ### User Terms of Service Updated November 3, 2022. Supplier. io, Inc. (“Supplier. io,” “we,” “our”) offers a variety of supplier discovery, data and collaboration tools available online, including via a mobile application (collectively, the “Service”), and websites, including but not limited to www. supplier. io, explorer. supplier. io, unitier. io, unifiedtier2. com, supplierone. co, cvmsolutions. com, ascend. cvmsolutions. com (the “Websites”). Supplier. io has three different types of users depending on the Supplier. io products used: We call users of the Websites “Site Visitors. ” We call users who use the supplierone. co service, unifiedtier2. com, and the free version of the explorer. supplier. io Service “Free Users. ” While Free Users can access and use the Service, they have access to a more limited set of Service features and functionality than Subscribers. We call users who use the Service as part of a paid Supplier. io subscription plan (regardless of the subscription tier) “Subscribers. ” The Service features and functionalities available to Subscribers are determined by the subscription tier and the specific terms agreed to between Supplier. io and the organization (e. g. , your employer or another entity or person, called the “Customer”) that entered into a separate agreement that governs delivery, access, and use of the Service (the “Customer Agreement”). We refer to these three types of users collectively as “Users” or “you” for purposes of these User Terms of Service (the “Terms”). Regardless of what type of User you are, these Terms create a legal agreement directly between you and Supplier. io and explain the rules governing use of the Service and Websites. By accessing or using the Service and Websites, you acknowledge and agree that you have read, understand, and agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, please do not access or use the Service and Websites. IMPORTANT NOTICE: DISPUTES ABOUT THESE TERMS AND THE SERVICE AND WEBSITES PROVIDED BY SUPPLIER. IO ARE SUBJECT TO BINDING ARBITRATION AND A WAIVER OF CLASS ACTION RIGHTS AS DETAILED IN THE “MANDATORY ARBITRATION AND CLASS ACTION WAIVER” SECTION BELOW. We may, from time to time, modify these Terms. Please check this page periodically for updates. If you do not agree to, or cannot comply with, the modified Terms, you must stop using the Service and Websites. The updated Terms will take effect upon their posting and will apply on a going-forward basis, unless otherwise provided in a notice to you, and except as provided in the Mandatory Arbitration and Class Action Waiver section of these Terms. Your continued use of the Service and Websites after any such update constitutes your acceptance of such changes. 1. ELIGIBILITY AND SCOPE 1. 1 General. To use the Service and Websites you must be, and represent and warrant that you are, at least 13 years of age and competent to agree to these Terms. If Supplier. io has previously prohibited you from accessing or using the Service and Websites, you are not permitted to access or... --- ### Privacy Policy Updated April 28, 2023 This policy covers how Qurium Solutions, Inc. and its affiliate “Supplier. io”, “CVM”, “CVM Solutions”), (collectively referred to as “Qurium Solutions”, “we”, “us” or “our”) treat data and information collected and received through our websites (“Sites”) and products and services (“Services”) (the Sites and Services are sometimes collectively referred to as “Online Services” for simplicity. Scope of this Policy This policy applies only to information collected and received by us through access and use of the Online Services and does not apply to any other information collected by us through other means. It is your responsibility to read and understand this policy. By using our Online Services, you are agreeing and consenting to the practices described in this policy. If you do not agree to all of this policy and do not wish to be bound by it, you should not use our Online Services. Please read the following to learn more about how we collect, use and safeguard the information you may provide to us via this site. This Privacy Policy may be revised from time to time, so please revisit this page often to remain fully informed of our policies. What Information Does Qurium Solutions Collect from you? Via our website, Qurium Solutions collects from you: · certain personally identifiable (i. e. non-business) information, certain business information · technical and other information · Personally Identifiable Information General Site Visitors – When you browse the non-password protected portions of our site, we collect information on you, which includes when you engage in the following activities: · request information; · participate in a survey; · interact with our social media pages; · apply for employment, internship or other volunteer opportunities; · subscribe to one of our newsletters; · post content where permitted on the Site or our other online locations. This information consists of your name, email address, your usage data, location information, interests, and page views. We use third-party advertising and analytics services (“Service Providers”) to better understand your online activity and serve you targeted advertisements. The Service Providers collect similar information and/or we provide them such information in order to assist in this process. We and our Service Providers use this information to, among other things, analyze and track data, determine the popularity of content, and deliver advertisements targeted to your interest on our Services, as well as to provide advertising-related services to us such as reporting, attribution, analytics, and market research. By visiting our Sites or using our Services you consent to such sharing and use. You have rights and options, including to opt-out of having your web browsing information used for targeted advertising purposes. Please see links below to exercise such rights or contact us directly for more details. Contacting Us – Our site permits you to contact us via email. Whenever you send an email via our site, you will be providing us with your name, title, email address, phone number and any information you choose to include in the text... --- ### Support and Maintenance Agreement QURIUM SOLUTIONS, INC. Schedule A: Support and Maintenance Agreement 1.  Definitions. a. “Designated Support Contact” means any Customer employee appointed by Customer who has been trained by SUPPLIER. IO to be a primary Customer contact with SUPPLIER. IO for support services. b. “Incident” means when the SaaS Product does not seem to materially perform in accordance with the specifications specified in the relevant Documentation. c. “Response” means when SUPPLIER. IO support personnel have (i) triaged the Incident, (ii) contacted Customer, and (iii) begun initial troubleshooting on the Incident. d. “Maintenance Period” – A period of time when one or more services may be unavailable each month so that maintenance can be performed to maximize the performance and stability of the SaaS Product. Whenever possible maintenance is performed during periods of low service utilization to minimize Customer and User disruption. All maintenance periods are scheduled in Central Time. Maintenance Periods include: “Recurring Maintenance” – Maintenance performed at regularly scheduled intervals: (i) 8:00 p. m. Friday to 12:00 a. m. Saturday; and (ii) 8:00 p. m. Saturday to 12:00 a. m. Sunday. “Planned Maintenance” – Maintenance that can be scheduled in advance with notification to Customers, but due to anticipated time to complete or other factors may fall outside of Recurring Maintenance Windows. “Emergency Maintenance” – Maintenance or changes that are performed immediately or with no ability to provide advanced Customer notice. 2.  Support Services. a.  Support and Trouble Tickets. During the License Term, SUPPLIER. IO shall use commercially reasonable efforts to provide support services to Customer, as described below. The Designated Support Contact may report Incidents to SUPPLIER. IO through SUPPLIER. IO’s Support Portal (available at https://support. supplier. io) or support telephone helpline, and thereafter, the parties may cooperate to address the Incidents via email, telephone or the Support Portal. SUPPLIER. IO shall provide Customer with a trouble ticket number that Customer can use to track the status of Incidents. SUPPLIER. IO may close the trouble ticket without further responsibility if Customer fails to respond to a request for additional information or to confirm that the trouble ticket is resolved within ten (10) days of SUPPLIER. IO’s request or receipt of a patch or workaround (as applicable). Support services for the SaaS Product are available during business hours, which are 8:00 a. m. – 6:00 p. m. Central, Monday through Friday (excluding holidays). b.  Target Response Times for Technical Support Issues. SUPPLIER. IO shall provide Responses for Incidents that have been properly reported through the Support Portal in accordance with the table below. Severity LevelDescriptionResponse1Catastrophic production problem which may severely impact Customer's production systems, or that causes Customer's production systems to go down or not function. There may be a loss of production data and no procedural work around exists. 4 hours2Customer's production systems are functioning but does so in a severely reduced capacity. The situation causes a significant impact on portions of Customer's business operations and productivity. The systems are exposed to potential loss or interruption of service. 8 hours3Medium-to-low... --- ### Contact Us --- ### MSA --- ### --- ### Do Not Sell My Personal Information --- ### Terms Of Use User Terms of ServiceSubscriber AgreementAcceptable UseSupport & Maintenance AgreementSubprocessors --- ### Resource Library --- ### Insights --- ### Talk to an expert - supplier diversity, supplier intelligence --- ### Online Data Enrichment --- ### Tier 2 Spend Reporting --- ### Supplier Registration --- ### About --- ### Benchmarking --- ### Blogs --- ### Glossary --- ### Economic Impact Analysis --- ### Expand Your Reach --- ### Supplier Explorer --- ### Analytics & Reporting --- ### Grow Your Program --- ### Why Supplier.io for Supplier Intelligence --- ### Mature your program --- ### Supplier Registration --- ### Data Enrichment --- ### Supplier Diversity & Sustainability Software --- ### Home --- --- ## Posts --- ## Glossary ### Veteran-Owned Business Enterprise (VOBE) --- ### Woman-Owned Business Enterprise (WBE) --- ### Veteran-Owned Business Enterprise (VOSB) --- ### Veteran-Disability Owned Business Enterprise (VDOBE) --- ### Tier 2 Supplier --- ### Tier 2 Spend --- ### Tier 1 Supplier --- ### Tier 1 Spend --- ### Third Party Master Database --- ### Supplier Registration Portal --- ### Supplier Management Process --- ### Supplier Diversity --- ### Supplier Development --- ### Socially Disadvantaged Individuals --- ### Small Disadvantaged Business --- ### Small Business Size Standards --- ### Small Business Set-Aside (Set-aside Contract) --- ### Small Business Concern --- ### Small Business Administration (SBA) --- ### Small Business --- ### Service-Disabled Veteran-Owned Small Business (SDVOSB) --- ### Race and Ethnicity Definitions --- ### Minority-Owned Business Enterprise (MBE) --- ### Master Vendor File --- ### LGBTQ-Owned Business Enterprise --- ### Historically Underutilized Business Zones Program (HUBZone) --- ### Government Contracting Goals --- ### Economic Impact Analysis (EIA) --- ### Certification Agency --- ### Data Enrichment (Data Cleanse; Data Scrub) --- ### Disability-Owned Business Enterprise (DOBE) --- ### Diverse Business (Diverse Supplier) --- ### Diverse Certification --- ### Diverse Supplier Spend --- ### Economic Impact --- ### Economically Disadvantaged Individuals --- ### Federal Acquisition Regulation (FAR) --- ### 8(a) Business Development Program --- --- ## Articles ### Navigating Tariffs and Global Disruption: Why Alternative Sourcing and Supplier Intelligence Are Business Critical While many enterprises have long relied on a global network of suppliers, that same network is increasingly vulnerable to disruption. Now more than ever, procurement and supply chain leaders must act quickly to reduce dependency on single geographies and invest in diversified, alternative sourcing strategies. The Rising Risk of Tariffs New and proposed tariffs on goods from China, Mexico, and other nations are creating a ripple effect across industries. From electronics and automotive to apparel and consumer goods, companies are facing rising input costs, unpredictable lead times, and complex compliance requirements. For many, tariffs are not just a tax on goods but they’re a tax on uncertainty. Industries most affected by tariffs include: Apparel & Textiles: High dependence on Asian manufacturing makes the industry particularly sensitive to trade restrictions. Electronics & Components: Even a small tariff can significantly impact margins due to narrow profit windows. Automotive: Cross border supply chains (particularly across North America) are vulnerable to tariffs and rule of origin complications. Consumer Goods: Everything from furniture to toys faces increasing scrutiny and shifting cost structures. Why Alternative Sourcing Is No Longer Optional Relying on a limited set of suppliers, especially in high risk geographies is a strategy of the past. Alternative sourcing is the new standard for resilience.   Companies must look to nearshore, onshore, or diverse suppliers that can meet evolving production and delivery requirements. But shifting suppliers isn’t easy. You need visibility, accuracy, and speed to make smart decisions. That’s where supplier intelligence becomes a game changer. Supplier Intelligence: The Competitive Advantage To respond effectively to tariff driven disruption, companies must know: Who their suppliers are (across Tier 1, 2, and beyond) Where those suppliers operate What certifications, capabilities, and risk factors they hold This level of visibility isn’t possible through spreadsheets or static ERPs. It requires a centralized, intelligent platform. That’s where Supplier. io comes in. Supplier. io is the leading supplier intelligence platform, helping enterprises: Instantly discover alternative suppliers across 10M+ verified profiles Filter suppliers by location, category, certifications, and ESG criteria Strengthen resilience through data driven decisions and strategic diversity sourcing With over 350 million unique data points, Supplier. io delivers the real time insights procurement teams need to adapt, respond, and grow, even in volatile global conditions. The Bottom Line Tariffs, supply shocks, and economic uncertainty are not going away. Companies that continue to rely on outdated supplier data and siloed sourcing strategies will struggle to compete. The winners will be those who embrace supplier intelligence, diversify their supplier base, and proactively reduce risk. Alternative sourcing isn’t just a nice to have, it’s mission critical. To learn how Supplier. io can help you uncover new suppliers and reduce sourcing risk, request a demo today! --- ### Supplier.io Launches New Supplier Dashboard with Buyer Search Insights This new dashboard feature gives suppliers real time visibility into how buyers are discovering and engaging with their profiles, turning static listings into actionable growth opportunities. This release marks a strategic expansion for Supplier. io, from serving enterprise buyers to now offering data driven tools directly to suppliers. With this launch, Supplier. io unlocks a new growth opportunity, while enabling suppliers to compete more effectively in an increasingly complex sourcing environment.   Any supplier interested in being seen by thousands of corporate buyers should register with Supplier. io on our SupplierOne registration portal. Corporate buyers search this database over 25K every month. The new dashboard provides Supplier. io registered suppliers with clear analytics including which buyer search terms surface their profiles, how often they appear in results, and how they compare to peers. Armed with this intelligence, suppliers can refine their profiles to improve discoverability and increase their likelihood of being selected for sourcing opportunities.   “Today’s supply chain landscape is incredibly complex, with growing economic pressure and evolving procurement demands,” said Aylin Basom, CEO of Supplier. io. “Procurement teams have long used Supplier. io to identify the best fit suppliers. Now, we’re giving suppliers the same advantage, visibility into how they’re being discovered and how to strengthen their positioning with buyers. This turns exposure into strategy and insight into action, positioning them to grow their business with confidence. ”  The launch comes at a critical time for procurement. As supply chains face continued trade disruptions, inflationary pressures, and evolving mandates, buyers are making faster decisions to ensure business continuity. Competitive suppliers who understand buyer behavior and optimize accordingly are better positioned to thrive. Buyer Search Insights transforms buyer exposure from a guessing game into a data driven advantage, enabling suppliers to adjust their profiles, boost visibility, and win more business.   The new offering reflects Supplier. io’s continued investment in building a more intelligent and connected supplier ecosystem. With more than 10 million suppliers in its database and 350 million+ unique supplier insights, the update expands on Supplier. io’s recent database growth and strengthens its position as one of the most powerful networks for supplier discovery, visibility, and growth. “This is a natural extension of our platform,” added Basom. “We’re already trusted by the world’s largest enterprises. Now, by empowering the suppliers in our ecosystem, we’re creating more value for both sides and fueling the next stage of Supplier. io’s growth. ”  To learn more visit SupplierOne today.  Register your business and review buyer insights now. --- ### How to Source Smarter with Small Suppliers Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Product Spotlight: Supplier Explorer & Supplier Registration Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Supplier Diversity Best Practices in the United Kingdom Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Supplier.io Partners with People and Planet First to Advance Supplier Intelligence in Global Supply Chains  This integration brings verified enterprise level data into Supplier. io’s robust supplier intelligence platform, giving organizations deeper insight into their global supplier base and enabling smarter, data backed sourcing decisions that reduce risk and improve supply chain agility. More supplier data and insights This partnership supports Supplier. io’s ongoing mission to expand the depth, accuracy, and intelligence of its supplier data, empowering customers to manage complexity, improve resilience and visibility, and proactively mitigate global supply chain risks.   “Enterprises can no longer afford blind spots in their supply chain,” said Aylin Basom, CEO of Supplier. io. “Our customers rely on us to deliver comprehensive supplier intelligence so they can identify risks, unlock opportunities, and ensure continuity in an increasingly volatile global environment. The addition of verified enterprise data from People and Planet First brings new depth to our platform—enhancing our ability to deliver the actionable insights businesses need to source confidently while also enabling alignment with sustainability, ethical practices, and community impact. ”  The benefits of more supplier data Supplier. io’s supplier database includes over 10 million suppliers, 350 million data insights, and $9 trillion in spend history, giving businesses unmatched visibility into suppliers and advanced analytics to build stronger, more resilient supplier networks. Key benefits of the new integration include:  Identifying and prioritizing verified enterprises.  People and Planet First’s rigorous verification process evaluates enterprises against five core standards—Purpose, Operations, Revenue, Use of Surplus, and Structure—to ensure authenticity in their social and environmental commitments. Enhancing supply chain transparency and data-backed sourcing.  Enhanced data allows customers to identify potential supply chain vulnerabilities earlier, building a deeper understanding of supplier practices that inform responsible sourcing strategies, enrich supplier evaluations, and improve alignment with strategic sourcing goals. Supporting local and global impact.  Companies using the platform can source from suppliers dedicated to addressing critical societal challenges, ensuring procurement decisions contribute to creating a more inclusive and sustainable global economy. The partnership with People and Planet First builds on Supplier. io’s 5 million environmental and social certifications and ratings–including CDP Global Climate Scores, Certified B Corporations, Green Business Network companies, Fair Trade, and many more.   More responsible sourcing “We’re excited to partner with Supplier. io to expand access to our verified enterprise data and help businesses make responsible sourcing decisions,” said Rebecca Dray at Purchasing with Purpose, a People and Planet First verification partner in the United States. “By making it easier for companies to identify and work with mission driven suppliers, we’re helping build more transparent, accountable, and sustainable supply chains that create real impact on a global scale. These enterprises help companies to achieve their commitments and reduce risk in their supply chains. ”  Supplier. io continues to set the standard in supplier intelligence, empowering over 950 companies worldwide with the data, tools, and insights needed to transform procurement into a competitive advantage. For more information about how Supplier. io can help your organization, visit www. supplier. io.   About People and Planet First  People and Planet First is a participatory verification... --- ### Expert Experience: Supplier Diversity and Alternate Sourcing Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### What’s Next for Your Supplier Diversity Program: Key Insights from The Hackett Group’s 2025 Report  The Hackett Group’s 2025 Supplier Diversity Study highlights why organizations are investing more in their supplier diversity programs — and how they are evolving to drive measurable business impact. In a recent webinar hosted by Supplier. io, Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader at The Hackett Group, shared key takeaways from this year’s research that was just conducted. This is some of the most timely and detailed data on corporate supplier diversity programs done so far this year.  His insights reinforce why programs must focus on accurate data, finding new suppliers, and demonstrating business value.   Supplier diversity programs continue to gain momentum For over two decades, The Hackett Group has studied the evolution of supplier diversity programs across industries. Their latest research confirms that these programs are no longer optional or isolated — they are an integral part of procurement strategies designed to drive both business and community impact.   Chris Sawchuk shared:  “Even in uncertain environments, forward-looking organizations are leaning in — they’re investing in supplier diversity because they see it as part of their long-term business strategy, not just a compliance requirement. ”  According to the report:  79% of companies have increased their diverse supplier spend 61% plan to increase technology usage within their supplier diversity program 50% will improve the granularity of their supplier diversity reporting 45% operate multi-regional supplier diversity programs These trends show that leading companies recognize the business value their programs deliver — beyond just compliance or image-building.   Why accurate data is critical for every supplier diversity program A successful program requires accurate, reliable, and up-to-date data. For many organizations, managing supplier diversity data has been a challenge, especially with changing ownership structures, expired certifications, and inconsistent reporting.   “One of the key trends we’re seeing is a move away from supplier self-reporting toward a much greater reliance on third-party data providers to validate supplier diversity information,” said Sawchuk.   In fact, the Hackett Group’s 2025 report found:  75% of organizations will increase focus on supplier diversity data integrity 67% plan to boost their use of third-party data enrichment and reporting With platforms like Supplier. io, procurement teams gain access to verified supplier data, continuous certification tracking, and automated reporting — all essential to a high-performing sourcing program.   Sourcing and finding new suppliers remains a challenge Despite increased investment in these programs, many organizations still struggle to find qualified diverse suppliers for specific categories or regions.   Sawchuk emphasized:  “Finding qualified diverse suppliers in specific spend categories continues to be the biggest challenge for supplier diversity programs, which is why platforms like Supplier. io are so critical. ”  Modern programs are addressing this challenge with supplier intelligence tools that help procurement teams:  Discover new diverse suppliers based on certifications, capabilities, and location Identify underutilized diverse suppliers within their current supply base Expand sourcing opportunities to reduce risk and improve supply chain resilience These capabilities help organizations move beyond basic reporting — enabling their program to drive innovation, cost... --- ### Supplier.io Sets New Benchmark in Supplier Intelligence with More Than 10 Million Suppliers and $9 Trillion in Spend Data With more than 350 million supplier data insights, Supplier. io empowers businesses with the most complete, accurate, and actionable supplier intelligence available. This vast repository of data gives procurement leaders the critical visibility needed to strengthen supply chain resilience in an increasingly complex global market. “Procurement teams are under pressure to make quick and informed decisions in today’s rapidly evolving environment. New trade policies, shifting supplier landscapes, and ongoing supply chain disruptions make it harder to plan ahead while considering critical factors like risks or costs,” said Aylin Basom, CEO of Supplier. io. “When a key supplier falls through or new regulations limit sourcing options, businesses need precise, actionable data – not guesswork. With the most comprehensive supplier intelligence available, we’re empowering procurement leaders with the visibility to find reliable alternatives, effectively manage risks, and adapt their strategies with confidence. ”  Global supplier data Supplier. io’s database provides a detailed view of suppliers across global markets, including more than four million in the U. S. and six million across the U. K. , Europe, and other international regions. The platform enables companies to quickly identify viable alternatives in the face of supply chain interruptions. Each supplier profile includes an average of 50 key attributes, such as location, revenue, industry experience, and procurement history, giving businesses the insight needed to assess supplier reliability, manage risk, and make strategic sourcing decisions.   Manage supply chain volatility with more suppliers As supply chain disruptions and regulatory changes continue to create uncertainty, the need for dependable and comprehensive supplier data continues to grow. Companies rely on Supplier. io to make informed decisions and avoid costly setbacks. Supplier. io’s recently released Best Practices for Alternate Sourcing 2025 Report leverages extensive industry research to uncover insights and strategies to anticipate disruptions, secure alternative supplier networks, and maximize impact. To learn more about how Supplier. io can transform your procurement strategy, visit www. supplier. io and request a complimentary demo today.   --- ### Reduce Supply Chain Risk with Data-Driven Sourcing But when disruptions hit, whether from inflation, geopolitical changes, or single-source dependencies, teams need to take proactive and data driven action. Supplier. io has been helping organizations make informed sourcing decisions for over 20 years. Here are three steps our customers take to walk into their next business or category planning meeting with data and insights in hand. 1. Start by analyzing your current spend The first step is understanding where you’re sourcing today. With Supplier. io’s Spend Analytics, you can break down spend by supplier type, category, business unit, or geography. This helps identify gaps or risks, such as categories with high supplier concentration or underrepresentation of small, local, or diverse businesses. Armed with this data, sourcing teams can spot opportunities to strengthen resilience, uncover new potential, or meet internal goals. 2. Benchmark against your peers to uncover untapped sourcing potential Next, compare your sourcing strategy to others in your industry. Supplier. io’s Benchmarking tool shows how your performance stacks up against peers and top-performing organizations. This step highlights areas where you may be lagging, such as missed opportunities for small supplier engagement or overreliance on international vendors, and helps you prioritize categories for improvement. It’s not just about benchmarking for the sake of it. It’s about identifying real sourcing opportunities backed by data. You can see exactly how your results would look if you spent at industry averages, and even get a list of suppliers your peers are already using.   3. Use Supplier Explorer to discover qualified alternate suppliers With 1 click inside Benchmarking you’re taken to Supplier Explorer where you can further filter, investigate, and vet suppliers already being used by your peers. We have up to fifty unique data points about suppliers you can use to assess how well they might fit including industry experience, history, size, location, products, and more.   This tool enables you to: Find and vet suppliers that align with business and sourcing needs Identify viable local or nearshore options for critical categories Bring 10–20 high-quality supplier recommendations to business stakeholders in minutes You’re no longer starting from scratch—you’re starting with industry and supplier intelligence. Turn alternate sourcing into a strategic advantage Organizations that proactively build alternate sourcing strategies are better prepared to: Navigate supply chain disruptions Improve cost control through local sourcing Enhance innovation with new supplier relationships In fact, 82% of companies saw improved resilience and 77% achieved cost reductions through localization and alternate sourcing efforts . Proactive sourcing is data-driven, scalable, and impactful Procurement teams are evolving. According to the Hackett Group’s 2025 research, 50% of procurement leaders plan to improve reporting granularity, while 75% aim to enhance data integrity . These priorities reflect a broader shift: procurement’s role is expanding from tactical execution to strategic business enablement. With Supplier. io, you can transform your sourcing strategy from reactive to proactive—while driving measurable business and community impact. Ready to strengthen your sourcing strategy? Learn how Supplier. io can help you reduce risk, uncover opportunities, and build a more... --- ### Product Spotlight: Measuring Success with Economic Impact Analysis Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### New Supplier Diversity Research with The Hackett Group Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Unlocking Supplier Intelligence with Data Enrichment Gaps in supplier data create blind spots that make it harder to assess risks and discover new opportunities. Without complete and accurate information, you may be overlooking small, diverse, and sustainable suppliers who could add value to your supply chain. Supplier. io’s Data Enrichment fills these gaps, giving you a clearer, more detailed view of your supplier network so you can make informed sourcing decisions and strengthen procurement programs.   Eliminate Manual Data Management with Automated Supplier Data Enrichment  Managing supplier data manually is inefficient and often results in outdated records. Data Enrichment eliminates these inefficiencies by continuously updating your supplier records with data from 450+ trusted sources, including government agencies, corporate registrations, certification bodies, supplier registration portals and more.   You provide your supplier list, and we match it against a database of 10 million suppliers worldwide. This process enriches your records with firmographics, diversity classifications, environmental and social certifications, and other critical details. Instead of chasing down updates, you receive continuously refreshed supplier intelligence in interactive dashboards, providing key insights such as how many, and which of your suppliers are small, diverse, or sustainable and how your spend is distributed across these categories. By automating data enrichment, you eliminate manual data management, drastically reducing the time spent on research, data entry, and certification tracking. Teams using this solution save up to 73% of their time, allowing them to focus on strategic initiatives.   Watch the Product Spotlight: Data Enrichment to see a full demo  Identify Hidden Suppliers and Expand Your Small, Diverse and Sustainable Supplier Network  Even if you think you have a complete view of your supplier base, Data Enrichment often reveals hidden suppliers and missed opportunities. Many companies analyzing their spend discover that a significant portion is already going to small, diverse, and sustainable businesses—insights they didn’t previously have. For example, a company reviewing $54 million in supplier spend might realize that $2. 7 million (5%) is allocated to small, diverse, and sustainable suppliers, even though those suppliers weren’t previously classified.   With a more detailed view of total spend, you can identify supplier gaps, assess risk, and uncover new opportunities within your supply chain. Category and geographic insights offer a granular view to find suppliers that meet specific business or regional needs.   Strengthen ESG Initiatives with Sustainability Insights  If sustainability is a priority for your business, Data Enrichment helps you track and align supplier sustainability practices with ESG goals. You can see which suppliers hold key environmental and social certifications, such as B Corp, Fair Trade, and renewable energy credentials. Additionally, through Supplier. io’s partnership with CDP, sustainability tracking is further enhanced with integrated climate change scores. With this level of insight, you can make procurement decisions that support responsible and sustainable sourcing.   Gain Deeper Insights with Supplier Profiles and Trust IQ Confidence Indicator  With detailed supplier profiles, you can drill down into each supplier’s key details, including certifications, spend allocation, and verification documents. If you need more information, you can request it... --- ### Responsible Sourcing: Securing Supply Chain Stability Our recent webinar featuring insights from responsible sourcing professionals shed light on how organizations are navigating supply chain risk and volatility by strategically engaging small, diverse, and local suppliers. These best practices were derived from extensive industry research, customer interviews, and real-world case studies—representing the collective wisdom of leaders in the field, rather than the opinion of Supplier. io. The Growing Need for Supply Chain Resilience According to The Hackett Group’s 2025 Chief Procurement Officer (CPO) survey, cost control remains the top priority for procurement leaders, but supply chain continuity and volatility have surged in importance. As recent global events have demonstrated, procurement teams must be proactive in mitigating risk, and supplier diversification has emerged as a key strategy. Supplier. io’s research, which analyzed $168 billion in spend data across 398 companies, revealed that organizations actively investing in alternate sourcing strategies—including partnerships with small and diverse suppliers—are seeing stronger supply chain resilience and cost savings in volatile markets. The findings were further reinforced by over 400 survey responses and 34 in-depth interviews with procurement leaders. Best Practices from Industry Leaders The webinar uncovered five key strategies used by responsible sourcing leaders to help their organizations mitigate risk and drive business value: 1. Get in the Game: Taking Proactive Action Leaders emphasized the importance of moving beyond a “wait and see” approach. Approximately 46% of responsible sourcing leaders are actively engaging with key stakeholders to shape strategy and demonstrate the business value of supplier diversification. One procurement executive from a manufacturing company shared how their team worked closely with category managers to expand sourcing options, ensuring production continuity when a major supplier faced unexpected disruptions. By identifying and onboarding new small and local suppliers, they mitigated risk while maintaining cost efficiency. 2. Identify High-Risk Categories and Build Alternative Supplier Networks Organizations that successfully navigate supply chain volatility start by assessing their most vulnerable categories. This involves: Identifying critical spend areas with potential bottlenecks Engaging category managers to assess risk exposure Mapping alternative supplier options to ensure continuity For example, a global electronics firm faced component shortages due to supply chain disruptions in Asia. By leveraging supplier intelligence data, they identified over 100,000 potential alternative suppliers, reducing their dependency on a single region and enhancing their supply chain resilience. 3. Expand Engagement with Existing Small and Diverse Suppliers Most organizations already have relationships with small and diverse suppliers but may not fully utilize them. Leaders highlighted the importance of: Ensuring accurate supplier data to uncover overlooked opportunities Strengthening partnerships with existing diverse suppliers to scale capacity Reviewing contract terms to facilitate easier engagement A financial services company shared how they streamlined their onboarding process for small suppliers, reducing barriers related to insurance and payment terms. As a result, they increased spend with these suppliers while also improving their procurement agility. 4. Show Up with Proactive Insights Procurement leaders who position themselves as strategic advisors rather than compliance enforcers are gaining traction. Successful teams: Analyze supplier data to identify new sourcing opportunities Benchmark... --- ### Product Spotlight: Find the Right Suppliers with Proactive Insights Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Product Spotlight: Supplier Explorer Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Top 10 Hardest-to-Source Products in 2025 – Is Your Supply Chain at Risk?   From construction materials and automotive parts to consumer electronics and energy resources, securing reliable suppliers has never been more critical. If your business depends on a steady supply of key products, failing to diversify your supplier base—particularly by tapping into small and local suppliers—could leave you vulnerable to rising costs, delays, and operational risks. Top 10 Hardest-to-Source Products in 2025 New tariffs and trade policies have significantly impacted the import of essential products, making sourcing increasingly difficult. Below are the top 10 most at-risk product categories, how tariffs are affecting them, and what it means for your supply chain. 1. Construction Materials – Rising Costs and Limited Availability Imports at risk: Steel, aluminum, cement, and lumber. Steel and aluminum prices have surged over 15% in two weeks due to impending tariffs. (Reuters) Industries like automotive, aerospace, and manufacturing are heavily impacted by these price increases. Supply chain risk: Higher production costs, construction delays, and material shortages. 2. Consumer Electronics – Supply Delays and Price Hikes Imports at risk: Smartphones, laptops, televisions, and appliances. Apple and other companies are investing in U. S. manufacturing to avoid tariffs on Chinese-made electronics. (New York Post) Many chips, displays, and batteries are still dependent on international suppliers, making a full transition difficult. Supply chain risk: Increased costs for smartphones, laptops, and appliances, plus potential delays. 3. Automotive Parts – Disruptions in Manufacturing and Assembly Imports at risk: Engines, transmissions, tires, wiring harnesses, and vehicle electronics. Tariffs on imports from Canada and Mexico could disrupt the supply of essential automotive components. Automakers like GM, Ford, and Tesla may need to shift production to U. S. plants, increasing costs. Supply chain risk: Higher car prices and delays in vehicle production. 4. Fresh Produce & Agriculture – Higher Costs and Limited Fresh Produce Imports at risk: Avocados, tomatoes, bell peppers, berries, beef, pork, dairy. Avocados, tomatoes, and peppers from Mexico face supply issues, increasing grocery prices. (Fortune) Meat and dairy imports from Canada are also at risk, driving up costs. Supply chain risk: Price volatility and shortages in fresh produce, beef, and dairy products. 5. Retail & Consumer Goods – Impact on E-Commerce and Brick-and-Mortar Stores Imports at risk: Apparel, household items, furniture, kitchenware, toys, and small electronics. The removal of the "de minimis" loophole means low-cost imports from e-commerce platforms like Shein and Temu will now be taxed. (NBC New York) Retailers that rely on cheap imports will need to explore domestic manufacturing. Supply chain risk: Higher costs for consumers, reduced inventory availability, and possible e-commerce slowdowns. 6. Energy Resources – Rising Fuel Prices and Supply Chain Disruptions Imports at risk: Crude oil, natural gas, refined petroleum products, electricity from Canada. The U. S. imports 50% of its crude oil from Canada, and new tariffs could raise fuel prices. Energy companies like Enbridge and TC Energy may experience trade disruptions. Supply chain risk: Higher gasoline prices and increased energy costs for businesses and consumers. 7. Textiles & Apparel – Increased Costs for Clothing & Fast Fashion... --- ### The Changing Economic Landscape and Its Impact on Procurement Spend Over the years, these trends have not only affected overall corporate spending but have also significantly impacted procurement with small and diverse suppliers. As businesses navigate economic uncertainty, resilient sourcing strategies that integrate small and diverse suppliers prove to be critical for sustainability, cost efficiency, and market expansion.   We discussed these changing economic trends and procurement spending with several industry experts in a recent webinar. Below is a brief summary of their observations that include analyzing over $168 billion in spend from 398 companies. Economic Trends and Their Evolution Since 2022, economic volatility has played a significant role in shaping procurement strategies. Inflationary pressures, shifting interest rates, and supply chain disruptions have forced businesses to adapt quickly.   Economist Laura Boyd, Head of M&A and Capital Markets at Norwest Venture Partners, notes, "Inflationary pressures have forced companies to rethink their supplier strategies. Many have realized that diversifying their supplier base can provide significant cost advantages over time. "  Over the last few years we’ve seen significant change and volatility in the market:  Inflation and Cost Pressures (2022-Present)  Inflation surged in 2022, increasing costs across industries and prompting procurement teams to seek cost-containment strategies. Many organizations turned to small and diverse suppliers to improve cost efficiency and enhance supply chain flexibility. Rising Interest Rates and Economic Uncertainty (2023-Present)  Higher interest rates increased the cost of capital, impacting procurement budgets and supplier financing. Businesses sought alternate sourcing strategies to mitigate risks, leading to increased investment in small and diverse suppliers for greater resilience. Supply Chain Risk Management and Adaptation (2022-Present)  Global supply chain disruptions underscored the importance of supplier diversification and proactive risk management. Companies have increasingly integrated small and diverse suppliers to mitigate supply chain risk and build more agile supply networks. Alternate sourcing strategies have become essential for ensuring supply continuity and reducing reliance on single-source suppliers. Laura Boyd adds, "Supply chain risk is no longer an abstract concept—it’s a daily operational concern. Businesses that build redundancy through supplier diversification are proving to be more resilient in uncertain times. "  Procurement Spend with Small and Diverse Suppliers "It's encouraging to see that certain industries are expanding their investments in small and diverse suppliers despite economic pressures," says Gladys Dreiling, VP of Data Operations at Supplier. io. "This underscores the long-term value and resilience these suppliers bring to the table. "  Despite economic fluctuations, responsible sourcing programs have continued to grow. Recent data from Supplier. io’s economic impact analysis highlights key trends:  Overall procurement spend with small and diverse suppliers exceeded $168 billion in 2023, supporting over 1. 4 million jobs. Certain industries increased their spending, such as retail and distribution, which saw an 11% growth in spend with small and diverse suppliers. Manufacturing, however, experienced a decline of over 9%, likely due to shifting cost pressures and supply chain realignments. Even with economic headwinds, small and diverse supplier spend has remained resilient. Companies are recognizing that investing in these suppliers contributes to long-term stability and economic growth.   The... --- ### Best Practices for Procurement Teams in Alternate Sourcing Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Driving Financial Services Business Success Through Responsible Sourcing In one of our recent webinars featuring industry leaders, panelists from KeyBank, Citizens Bank, and Intuit shared valuable insights and best practices that other financial institutions can leverage to strengthen their responsible sourcing programs. Below, we summarize key takeaways from the discussion. The Business Case for Responsible Sourcing and Supplier Diversity A core theme of the webinar was that responsible sourcing is not just about social responsibility—it is a business imperative. As organizations navigate economic uncertainty, regulatory shifts, and increased stakeholder expectations, supplier diversity emerges as a critical driver of resilience and growth. Hugh Peltz of Citizens Bank noted, "We've seen business value for more than a decade from what has historically been called supplier diversity. When done right, it creates a competitive advantage and enhances resilience in our supply chain. " Jason Cwiklinski of KeyBank reinforced this point, stating, "We've always had a long-standing commitment in this space. We see it as a business accelerator, and the data that comes with an economic impact report about jobs and wealth creation shows the tangible benefits. " Beyond compliance and reputation management, the discussion highlighted how financial institutions can use supplier diversity to strengthen market competitiveness, unlock innovation, and enhance their ability to manage supply chain risks. Best Practices for Financial Institutions The panelists shared several actionable strategies for improving responsible sourcing programs: Leverage economic impact reporting Accurate and up-to-date supplier data is crucial for making informed procurement decisions. Jennifer Johnston of Intuit emphasized, "When we use economic impact analysis, we can show our executives and stakeholders the direct benefits our supplier diversity efforts bring to the community. The data tells a compelling story. " Economic impact reporting allows institutions to quantify the benefits of working with diverse suppliers, such as job creation and contributions to local economies. By using clear metrics, organizations can demonstrate the broader impact of their sourcing strategies to internal and external stakeholders. Engage with business units Supplier diversity teams should work closely with business units to ensure alignment with corporate objectives. Johnston added, "We are connectors within our business. We're champions for these companies, and we are responsible for making sure that our companies select the very best. " By integrating supplier diversity goals with corporate procurement strategies, institutions can increase supplier participation, drive stronger business outcomes, and ensure alignment with overall enterprise goals. Enhance supplier payment terms One challenge diverse suppliers face is delayed payments, which can hinder their ability to operate efficiently. Johnston shared a best practice from Intuit: "For small and diverse suppliers, we will pay as fast as our system allows us—under five days. This ensures they can reinvest in their business and grow. " Improving payment terms for small and diverse suppliers can foster stronger relationships, improve supplier performance, and increase long-term sourcing success. Navigating Policy and Compliance Changes The evolving regulatory landscape requires financial institutions to stay agile. Peltz pointed out, "Based on executive orders and regulatory direction, we're going to need to change some things. But what we do... --- ### Product Spotlight: Data Enrichment Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### How Supplier Diversity Can Help with Volatility and Risk Our recent webinar, How to Navigate 2025 with Confidence, brought together industry experts to discuss how procurement leaders can optimize supplier diversity strategies to mitigate risk and leverage supplier intelligence to enhance supply chain resilience. With cost pressures, supply continuity risks, and evolving technologies at the forefront, procurement teams face a rapidly changing landscape. The discussion provided specific actions procurement leaders can take to strengthen their responsible sourcing programs and navigate these challenges effectively.   Key Trends Shaping Procurement in 2025  Kurt Albertson, Principal at The Hackett Group, emphasized, "Supply chain continuity and risk has been showing up higher than we initially expected based on our recent CPO Agenda research. " According to insights from the Hackett Group, several key trends will influence procurement strategies in 2025:  Cost Management Reclaims the Top Spot: While supply chain disruptions and inflation dominated priorities in recent years, cost savings have re-emerged as the number one focus for procurement teams.   Supply Continuity Risks Persist: Unexpected disruptions—from geopolitical shifts to climate events—continue to threaten supply stability, making alternative sourcing strategies crucial.   Data and AI Transform Procurement: Organizations are increasingly leveraging AI and real-time data visibility to make informed sourcing decisions.   The Role of Procurement is Expanding: Procurement is now seen as a strategic partner, driving business value beyond cost savings by embedding sustainability and diversity into sourcing strategies.   Actionable Steps for Procurement Teams to Strengthen Responsible Sourcing  Our speakers offered a few concrete actions procurement leaders can take now to not only manage the volatility, but potentially thrive in this changing environment. 1. Leverage Small, Diverse, and Sustainable Suppliers for Risk Mitigation  One of the most effective ways to build a resilient supply chain is by integrating small, diverse, and sustainable suppliers into sourcing strategies. By doing so, organizations can:  Reduce dependency on a single source, minimizing the impact of supply disruptions.   Increase flexibility by leveraging suppliers with niche capabilities and local production.   Enhance innovation by collaborating with suppliers that bring fresh perspectives.   Molly O'Brien, Senior Account Executive at Supplier. io, highlighted, "A well-diversified supplier base is critical in today’s volatile market. Companies that proactively integrate small and diverse suppliers are better positioned to navigate disruptions and ensure continuity. " The ability to quickly identify and vet qualified small and diverse suppliers ensures procurement teams can act swiftly in times of disruption.   2. Harness Data and Analytics for Smarter Sourcing Decisions  Data is the foundation of an effective responsible sourcing strategy. Procurement teams must ensure they have access to accurate, real-time supplier intelligence to:  Track supplier certifications and compliance with regulatory standards.   Monitor sustainability metrics and carbon footprint reductions.   Identify cost-saving opportunities by analyzing supplier performance trends.   By integrating supplier intelligence tools, teams can enhance responsible sourcing by moving beyond basic spend tracking to proactively identify optimal suppliers based on risk, sustainability, and diversity metrics.   3. Develop Alternate Sourcing Strategies to Counteract Market Volatility  As geopolitical tensions, climate-related disruptions, and economic uncertainty persist,... --- ### Supporting You Through 2025: Navigating Change Together Recent shifts in economic policies, market volatility, and evolving global landscapes have created an environment of uncertainty for many businesses. At Supplier. io, we understand these pressures, and we are here to support our customers every step of the way.   Through our commitment to providing the most accurate and actionable supplier intelligence, we aim to empower organizations to build resilient, inclusive, and sustainable supply chains. This year, our focus remains on helping organizations navigate change with confidence by delivering:  Data-driven insights: Our data, tools, and team ensure you have visibility into supplier performance and impact, enabling smarter, more agile decisions.   Strategic Sourcing solutions: Enhance your sourcing strategy with our comprehensive solution and database. If you're looking to reduce dependency on distant suppliers and shift focus towards local alternatives, our platform is your ideal resource. With access to a database of over 7 million suppliers enriched with over 350 million insights, we empower you to identify credible local suppliers efficiently. This shift not only helps control costs but also mitigates risks and reduces volatility in your supply chain, ensuring you remain competitive in a dynamic market.   Business & Community Impact: Communicating the value of responsible sourcing is more critical than ever. It is important to demonstrate and tell the story on how such initiatives contribute to cost savings, revenue growth, ROI improvement, expansion of consumer basis, and business wins due to a reliable supply chain. Together, we can turn procurement into a force for business value and economic inclusion, ensuring every dollar spent has a positive business impact while also contributing to shared success.   The need for a resilient supply chain has never been greater. As highlighted in the Hackett Group’s recent findings, procurement leaders are prioritizing cost reduction, supply continuity, and digital transformation. These priorities align with Supplier. io’s mission: to provide the tools and expertise you need to stay agile and ahead of the curve in a dynamic market .   In 2025, we remain deeply committed to being your trusted partner, helping you harness the power of small, diverse, and sustainable suppliers to create measurable business and community impact. If you’d like to discuss how we can support your goals this year, please don’t hesitate to reach out.   Together, we can turn challenges into opportunities and build a brighter future.   Wishing you a successful and prosperous year ahead,  Warm regards, Aylin Basom CEO, Supplier. io  --- ### The Rising Importance of Supplier Diversity Programs in Manufacturing Given the complexity and size of many manufacturing supply chains, identifying and growing with small and diverse suppliers is critical.   As Ford’s head of supplier diversity, Travis Spencer, emphasized during a recent webinar, “Diversity in thought, development, and implementation breeds stronger products. ” This statement underpins a growing recognition across the industry: diverse supply chains are a competitive advantage, and ignoring their potential is no longer an option.   Understanding the State of Supplier Diversity in Manufacturing  Supplier diversity has been a core part of most manufacturing supply chains for decades now. Companies like Ford have paved the way with supplier diversity programs dating back over 50 years, evolving from minority-focused initiatives to encompassing small, women-owned, veteran-owned, LGBTQ+, and disabled-owned businesses.   Ford's journey illustrates the growing importance and value these programs can have for manufacturers over time. This emphasis isn't unique to Ford. Insights from The Hackett Group’s 2025 Procurement Agenda reveal that manufacturing leaders are prioritizing supplier diversity to enhance innovation, ensure supply continuity, and strengthen supply chain resilience .   Why Supplier Diversity Programs Matter More in 2025 1. Supply chain resilience  With the possibility of new tariffs and continued market volatility, organizations are understandably worried about increases in supply chain costs and shipping disruptions. This concern has prompted a strategic pivot from reliance on long distance suppliers and markets to growing with local and small suppliers. This shift underscores the importance of a robust supplier diversity program that builds relationships with local and regional suppliers that can reduce risk and be more agile as needs change. 2. Economic resilience through equitable sourcing  Manufacturing supply chains are some of the most complex and extensive globally. Ford, for example, works with over 12,000 suppliers worldwide, spending more than $92 billion annually. By integrating small and diverse suppliers into these supply chains, companies unlock untapped innovation, improve competitiveness, and drive economic impact in underserved communities.   Spencer shared that closing the racial wealth gap in the U. S. could lead to $440 billion in additional spending on transportation and automobiles—a compelling example of the potential economic benefits of supplier diversity programs.   3. Aligning supply chains with changing consumer demographics  With the U. S. on track to become majority-minority by 2045, businesses must align their supply chains with their increasingly diverse customer bases. As Spencer highlighted, "A supply base that reflects the diversity of our customer base will be our competitive edge. "  4. Regulatory and reputational drivers  Governments, corporations and consumers are demanding greater accountability for responsible sourcing in procurement. Supplier diversity remains a proven lever for economic growth and corporate reputation.   Key Strategies for Supplier Diversity Leaders in Manufacturing  1. Leverage data to build a stronger supplier diversity program  Accurate data is the cornerstone of any supplier diversity program. Many programs fail to maximize impact due to incomplete or inaccurate supplier data. Solutions like supplier registration portals, as used by Ford, streamline data collection and provide valuable insights.   Hackett’s research reinforces this, with data... --- ### Unpacking $168B in Supplier Spend: Key Trends & Economic Impact Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Supplier.io Honors Industry Leaders Driving Economic Growth through Responsible Sourcing in Second Annual Supply Chain Diversity Excellence Awards The analysis reveals $168 billion spent directly with these suppliers generated a total economic impact of $303 billion, underscoring the far-reaching power of inclusive procurement. The report also celebrates companies that are setting new standards in responsible sourcing with the second annual Supply Chain Diversity Excellence Awards. “At Supplier. io, we believe that empowering businesses with advanced supplier intelligence not only enhances their operational resilience but also significantly mitigates risks,” said Aylin Basom, CEO of Supplier. io. “Our platform provides critical insights that drive efficiency and innovation, enabling companies to find and invest in small and diverse suppliers. This approach helps build stronger, more reliable supply chains. Consequently, it supports robust economic growth and job creation globally. Through our Supply Chain Diversity Excellence Awards, we honor organizations that demonstrate an outstanding commitment to these principles, thereby enriching the global marketplace through informed and inclusive procurement practices. ” The companies featured in Supplier. io’s 2024 Economic Impact Report, including this year’s Supply Chain Diversity Leaders, collectively supported more than 710,000 direct jobs and contributed $60 billion in direct wages through their investments in small and diverse suppliers. These purchases created a ripple effect, supporting over 1. 4 million jobs and driving $105 billion in total income when factoring in direct, indirect, and induced economic impacts – demonstrating how every dollar spent with small or diverse suppliers generated $1. 80 in broader economic value. Supply Chain Diversity Leaders by Economic Empowerment levels include: 40K+ Jobs: CVS Health 20K+ Jobs: Cummins, JPMorganChase & Co. , Pacific Gas and Electric Company (PG&E) 10K+ Jobs: Cencora (formerly AmerisourceBergen), Eaton Corporation, Exelon Corporation, HealthTrust Performance Group, Southern California Edison Company, Truist "Cummins continues to impact job creation from working with Tier 1 suppliers,” said Helena Hutton, Senior Director of Global Responsible Sourcing at Cummins. “This impact on local communities continues to develop stability with our suppliers and their suppliers in turn. We are proud of the 20,000 jobs created just in this year. ” This year, the Supply Chain Diversity Excellence Awards also introduces a new category honoring companies that achieved significant growth, supporting at least 50% more jobs year-over-year. American Water, State Street and Point32 were recognized for this award. “We are honored to receive the Supplier Diversity Champions award from Supplier. io, recognizing the significant growth and impact of State Street’s Supplier Diversity Program,” said Chris Stanley, Global Head of Supplier Diversity at State Street. “This is a testament to our commitment to fostering economic empowerment and driving meaningful change through inclusive procurement practices. Being acknowledged as one of the top programs growing impact in the U. S. is both a validation of our efforts and an inspiration to continue advancing opportunities for diverse businesses. This award reflects the collaborative efforts of our team, our partners, and our diverse suppliers, who together make this progress possible. ” View the 2024 Economic Impact report here. For insights into key trends and strategies for supplier diversity and procurement in 2025, register for Supplier. io’s webinar with... --- ### Supplier Diversity Health Assessment Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Navigating Tariffs and Uncertainties by Strengthening Supply Chains via Supplier Diversity Managing risk has become a cornerstone for any Procurement team. In this environment of uncertainty, the role of supplier diversity has become more crucial than ever, offering a strategic advantage by enhancing supply chain resilience and agility. Reduce Risk and Costs with Local and Diverse Suppliers With the possibility of new tariffs and continued market volatility, organizations are understandably worried about increases in supply chain costs and shipping disruptions. This concern has prompted a strategic pivot from reliance on long distance suppliers and markets to growing with local and small suppliers. This shift underscores the importance of a robust supplier diversity program that builds relationships with local and regional suppliers that can reduce risk and be more agile as needs change. By minimizing reliance on any single source or geography, businesses enhance stability and showcase a commitment to their local communities. In Supplier. io’s recent State of Supplier Diversity research, 65% of Procurement leaders report supplier diversity helps improve their supply chain competitiveness. As organizations saw during COVID, it’s far easier to quickly scale up a local supplier than order materials from across the globe when supply chains are disrupted. We’re seeing similar examples in the UK as Brexit has also driven UK-based businesses to increase their focus on local sourcing to reduce costs and reinforce stability. The Strategic Asset of a Diverse Supplier Base A diverse supplier base significantly contributes to supply chain flexibility. Companies that cultivate relationships with a wide array of suppliers can adapt more quickly to potential tariffs and trade policy changes without major disruptions. This adaptability is essential for continuous operations and demonstrates why supplier diversity is not just beneficial but essential. By managing risks, controlling costs, and integrating innovative, agile small businesses, supplier diversity enriches the value chain. According to The Hackett Group's 2024 Procurement Key Issues Study, improving spend cost reduction and ensuring supply chain continuity are top priorities. A diverse supply base supports these goals by providing critical flexibility and stability. Local Sourcing and Supply Chain Efficiency Local sourcing not only helps reduce costs but also speeds up supply chain responses. Supplier. io facilitates the discovery of local suppliers, helping companies achieve lower transportation costs, decrease carbon footprints, and enhance supply chain agility. A diverse supplier base boosts supply chain resilience, mitigating risks related to disruptions. But supplier diversity doesn’t just reduce risks and costs, it also adds value to the organization. According to Supplier. io’s 2024 State of Supplier Diversity Report, the primary drivers for supporting supplier diversity programs include alignment with corporate culture (76% of companies), enhancing supply chain competitiveness (65%), and securing new business through RFPs (48%). In RFP responses, companies underscore how their diverse suppliers ensure reliable and uninterrupted service delivery while also supporting local communities. These are all key values for winning contracts, particularly in industries where supply chain reliability is critical. Looking Ahead: The Imperative for 2025 and Beyond As we navigate 2025, it is important for businesses to not only maintain but also expand their... --- ### Supplier.io Honored by Deloitte, Spend Matters, and More in Series of Awards for Responsible Sourcing Excellence “Our goal is to deliver innovative SaaS solutions powered by data that provides actionable intelligence, ensuring supply chain resilience and mitigates risk” said Aylin Basom, CEO of Supplier. io. “Our recent awards highlight our rapid growth and innovations, all of which have experienced heightened market demand. As we expand into new markets and enhance our capabilities, Supplier. io is committed to continuing to set industry benchmarks for transparency and responsible procurement practices. ” Supplier. io’s inclusion on both the Inc. 5000 and Deloitte’s Technology Fast 500 for the second consecutive year underscores its remarkable trajectory, with nearly triple revenue and headcount growth over the past three years. Standing alongside the nation’s top-performing companies, the recognition reflects increasing market demand for Supplier. io’s scalable, actionable solutions as more organizations prioritize responsible procurement. Spend Matters’ inclusion of Supplier. io in its 2024 '50 Providers to Know' list, a ranking of best-in-class procurement technology providers, celebrates the company’s extensive data resources – especially its ability to evaluate supplier performance alongside economic and social impact. These capabilities were further honored by SIG,with Supplier. io earning a Future of Sourcing award for Innovations in ESG Award for its 2023 Economic Impact Report, which revealed that Supplier. io’s customers supported over 1. 3 million jobs through diverse spend. Together, these recognitions affirm that Supplier. io equips organizations with market-leading data resources and advanced capabilities. To build on the momentum, CEO Aylin Basom was honored with the 2024 Women in Supply Chain Award from Supply & Demand Chain Executive, which recognizes women who champion progress across all levels of the supply chain. Under Basom’s leadership, Supplier. io has grown into the largest provider of responsible supplier intelligence in the market, supporting most of Fortune 1000 companies. Basom has also expanded the company’s offerings to provide quantifiable sustainability insight, spearheading strategic partnerships and integrations with organizations like CDP and Amazon Business. Supplier. io powers responsible sourcing programs for over 900 companies worldwide, including half of the Fortune 100 and 60% of the Billion Dollar Roundtable (BDR). For more information about how Supplier. io can help your organization achieve its responsible sourcing goals, visit www. supplier. io. --- ### Supplier Diversity in Financial Services - Expert Panel Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Key Trends for Supplier Diversity Programs and Procurement Teams in 2025 While top business priorities like cost reduction, risk management, and sustainability remain steady, new economic policies, tariffs, and geopolitical changes are adding new complexity to supply chain strategies. Supplier. io recently hosted a webinar on the expected trends for 2025 with Aylin Basom, CEO of Supplier. io and Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader at The Hackett Group.  They spent an hour exploring some of the major trends, priorities, and opportunities leaders need to prepare for in 2025. According to Chris Sawchuk, “A continued focus on cost, combined with shifting policies and global trade dynamics, will force procurement teams to rethink their operating models and supply chain resilience. ” At the same time, supplier diversity programs continue to provide value—helping businesses navigate uncertainty, unlock alternative sourcing opportunities, and demonstrate measurable economic impact. Aylin Basom, emphasized, “Supplier diversity isn’t just about values—it’s about competitiveness, resilience, and tangible business growth. ” The key trends that will shape supplier diversity programs and procurement strategies in 2025 are: 1. Cost reduction and supply chain resilience take center stage In 2025, cost reduction remains the top priority for procurement leaders worldwide, driven by persistent inflation, supply chain disruptions, and shifting global trade policies. Chris Sawchuk noted, “The focus on cost will be even more pronounced next year as organizations continue to look for efficiencies in their supply chains. ” Compounding this challenge, organizations are also preparing for new economic policies and tariffs. Aylin Basom highlighted this shift: “Procurement leaders are anticipating new tariffs and trade challenges, which will prompt a closer look at nearshoring, local sourcing, and supplier diversification to mitigate supply chain risks. ” This is where a strong supplier diversity program comes into play. Small and diverse suppliers can help organizations build more agile, resilient supply chains by offering alternative sourcing options and local solutions. For instance, during the pandemic, companies with diverse supplier networks weathered disruptions more effectively. Basom emphasized, “Supplier diversity programs are essential for mitigating risk and ensuring continuity, especially as geopolitical and economic uncertainties persist into 2025. ” 2. Demonstrating business value becomes non-negotiable In today’s climate, supplier diversity programs are no longer viewed as a “nice-to-have”—they’re recognized as drivers of measurable business outcomes. Supplier. io’s latest State of Supplier Diversity research revealed a key trend: 47% of companies reported that supplier diversity programs helped win more RFPs and drive revenue growth. Organizations are also leveraging supplier diversity programs to reduce costs and support competitive supply chains. Diverse suppliers, on average, boast a 20% higher retention rate, providing stability in uncertain markets. “The business case for supplier diversity programs has never been stronger,” Basom emphasized. “It’s about bottom-line growth, supply chain competitiveness, and brand differentiation. ” Supplier diversity professionals must focus on showcasing these outcomes. Tracking metrics like cost savings, RFP wins, and economic impact will be critical to securing executive buy-in and demonstrating program value. 3. Data accuracy and reporting are more critical than ever Accurate data is the foundation of a successful supplier diversity... --- ### Navigate 2025 with Confidence: Strategies for Supplier Diversity Success Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Building a Sustainable Supply Chain for Long-Term Success Success depends on comprehensive, reliable data and actionable insights, yet limited visibility into supply chain practices can create significant risks and impede progress toward these objectives. A sustainable supply chain integrates environmental and social considerations into every aspect of sourcing, production, and distribution. This approach supports responsible procurement, mitigates risks, and fosters trust with stakeholders, ultimately driving long-term value for businesses and their communities. Why sustainability in supply chains matters Sustainability in supply chains is essential for businesses seeking to enhance resilience, reduce risks, and drive long-term growth. On the environmental side, reducing carbon emissions, conserving natural resources, minimizing waste, and protecting ecosystems helps businesses meet regulatory requirements, avoid resource-related disruptions, and respond to increasing consumer demand for sustainable practices. Social sustainability is equally integral, encompassing fair labor practices, worker health and safety, human rights protections, supplier diversity, and support for small and local businesses.   These efforts enhance supply chain performance by fostering stronger partnerships, driving innovation, and creating more diverse, flexible, and reliable supplier networks. By integrating both environmental and social practices into their supply chain strategies, businesses achieve sustainability goals that enhance their reputation, meet stakeholder expectations, and secure a competitive edge in a rapidly evolving market. Benefits of a sustainable supply chain for business A sustainable supply chain delivers measurable benefits that strengthen business operations, drive innovation, and ensure long-term success. By addressing environmental and social sustainability, businesses can realize the following advantages: Risk mitigation: Reducing carbon emissions, conserving resources, and adhering to ethical labor practices minimizes exposure to environmental, operational, and reputational risks. This proactive approach ensures supply chains remain resilient to disruptions and aligned with evolving regulations. Streamlined compliance: Sustainable supply chains simplify adherence to environmental and social regulations, making it easier for businesses to meet legal requirements, avoid penalties, and align with global sustainability standards. Strengthened supplier relationships: Emphasizing fair labor practices, supplier diversity, and support for small and local businesses fosters trust and collaboration, leading to stronger, more reliable supplier partnerships and a more adaptable supply chain. Innovation and efficiency: Sustainability initiatives often lead to the adoption of innovative processes, such as resource-efficient production and waste reduction strategies. These innovations improve operational efficiency, reduce costs, and support long-term business value. Enhanced stakeholder confidence: Demonstrating a commitment to environmental and social sustainability reinforces trust among customers, investors, and employees. This credibility positions businesses as industry leaders and strengthens their market reputation. Competitive advantage: A sustainable supply chain aligns businesses with increasing consumer and market demand for responsible practices. By integrating these initiatives, companies differentiate themselves and secure a leading position in a rapidly evolving marketplace. Leveraging supplier intelligence for sustainable supply chains A truly sustainable supply chain begins with robust supplier intelligence—having a clear, actionable understanding of supplier practices, their sustainability commitments, and opportunities for improvement. Supplier. io’s sustainability solution equips businesses with the tools needed to centralize supplier data, analyze sustainability performance, and make informed sourcing decisions that drive long-term success. Enrich supplier profiles: Enhance supplier profiles with certifications and ratings, such... --- ### Measuring Economic Impact: How Supplier Diversity Programs Deliver Broader Business Value During the final session of our Supplier Diversity Masterclass Series, Measuring the Economic Impact of Your Supplier Diversity Program, experts Dr. Candi Clouse from IMPLAN and Marj Ramos-Cintron from Supplier. io guided attendees through the robust methodology and calculations behind Economic Impact Analysis (EIA). They shared valuable insights into how organizations can quantify and communicate the economic impact of their spend with small and diverse suppliers. One striking trend highlighted during the session was the increase in number of organizations reporting economic impact as part of their supplier diversity metrics. In just one year, this figure has grown significantly, from 10% to 37%, according to Supplier. io’s 2024 State of Supplier Diversity Report. This increase underscores how businesses are moving beyond traditional metrics like spend to demonstrate the tangible contributions of their supplier diversity programs. As Ramos-Cintron noted, “Economic Impact Analysis gives organizations the tools they need to go beyond spend and show how their initiatives create jobs, generate income, and strengthen communities. ” Understanding economic impact analysis Methodology and data Economic Impact Analysis (EIA) relies on input-output modeling, a Nobel Prize-winning methodology developed by economist Wassily Leontief. This approach maps the flow of money through an economy, quantifying the relationships between key entities such as industries, suppliers, households, and government institutions. By capturing these interconnections, input-output modeling provides a detailed picture of how spending with suppliers drives broader economic activity. IMPLAN, a leader in this methodology, leverages over 90 data sources annually to produce detailed regional and national economic data in the US. Key steps in the methodology include: Input-Output and Social Accounting Matrix Tables: These account for transactions between industries, labor income payments, household spending, and government expenditures. Benchmark Data: Every five years, the Bureau of Economic Analysis (BEA) publishes detailed input-output tables, which IMPLAN uses as a foundation. Multipliers: These estimate the "ripple effect," measuring how each dollar spent creates additional economic activity. “For every dollar spent directly with a diverse supplier, you may see an additional $1 to $2 in indirect and induced effects, depending on the industry and region,” Dr. Clouse explained. Supplier. io partners with IMPLAN to provide suppler diversity economic impact analysis and reports. Economic metrics that matter The economic impact of supplier diversity programs is measured using standard indicators: Jobs Supported: The number of jobs created or sustained by program spending. Labor Income: Wages and salaries generated by diverse supplier activity. Tax Revenue: Contributions to local, state, and federal taxes. Production Value: The total value of goods and services produced. The ripple effects of supplier diversity spend Economic Impact Analysis measures how spending influences broader economic activity. It tracks the ripple effects of this spending, starting with direct transactions with suppliers, expanding to the business-to-business interactions within supply chains, and ultimately including the spending of employees supported by those transactions. These are categorized as direct, indirect, and induced impacts. Direct Impact: Direct spending, including contracts, purchases, and payments. Indirect Impact: The downstream business-to-business transactions that suppliers make within their own supply chains... --- ### Supplier Diversity in Manufacturing: Expert Panel Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Expanding Supplier Diversity with a Tier 2 Program: Insights from Industry Leaders As forward-thinking supplier diversity leaders, Frison and Price are transforming their organizations' approaches with strategic initiatives focused on measurable impact and scalability. Adding technical expertise, Lindsay Peltin from Supplier. io’s Tier 2 Managed Services Team contributed insights on tools and best practices to support effective Tier 2 program management. Expanding supplier diversity beyond Tier 1 For both UnitedHealth Group and BNSF Railway, strengthening a Tier 2 program is a logical progression from their well-established Tier 1 supplier diversity efforts. Angenetta Frison explained how UnitedHealth Group’s Tier 2 strategy allows the organization to engage diverse suppliers in categories where Tier 1 options are limited, enhancing diversity across various business units. This approach enables UnitedHealth to “connect across business units that otherwise would have limited exposure to diverse suppliers,” fostering an inclusive sourcing network that amplifies their diversity goals. Similarly, Adam Price described BNSF Railway’s Tier 2 program as an extension of their commitment to a supply chain that reflects the communities they serve. BNSF’s sourcing team is encouraged to incorporate diverse suppliers whenever possible. “Our objective is not only to expand Tier 1 spend but also to grow relationships with Tier 2 suppliers who bring valuable flexibility and local alignment to our operations,” said Price. This focus has enabled BNSF to create an agile, inclusive supply chain that addresses the specific needs of various locations across the western United States. Setting goals and building accountability Clear, attainable goals are essential for Tier 2 program success. Frison shared that UnitedHealth Group tracks both spend growth and the number of participating suppliers as key performance indicators, ensuring both the reach and impact of their Tier 2 program are actively measured. She also recommended incorporating Tier 2 metrics into supplier scorecards, which motivates suppliers by linking their performance to company-wide diversity objectives. BNSF Railway has adopted a similar approach but with a flexible goal structure. Rather than imposing strict spend targets, Price explained that BNSF focuses on year-over-year growth. This approach accommodates fluctuations across business units and ensures that sourcing teams prioritize diverse supplier engagement organically. “Our objective is to increase spend without creating arbitrary goals that may not reflect actual business needs,” Price added, underscoring the importance of realistic, growth-focused objectives. Navigating data and supplier engagement complexities A critical takeaway from the webinar was the shared challenge of maintaining data consistency. Both Frison and Price emphasized that accurate data is essential for tracking Tier 2 contributions effectively. Frison noted that “data, data, data” is central to ensuring transparent and robust reporting. To address inconsistencies, UnitedHealth collaborates closely with Supplier. io’s Tier 2 Managed Services Team for compliance tracking and streamlined data collection. This partnership has been instrumental in helping UnitedHealth Group achieve and maintain a consistent 85% compliance rate in supplier reporting. As Frison explained: "I'm grateful that I have (Supplier. io) managed services. So that's been a blessing for me because we've been able to get our utilization up over the last 1. 5 years from 60%. And we're maintaining about 85%... --- ### Investing in ESG Software for Enhanced Supply Chain Transparency Success depends on comprehensive, reliable data and actionable insights, yet limited visibility into suppliers’ environmental, social, and governance (ESG) performance can create significant risks and impede progress toward these goals. ESG software has become an essential tool to increase supply chain visibility, enabling organizations to track, report, and improve ESG performance across their supply chains. This transparency supports responsible sourcing, mitigates risks, and builds trust with stakeholders Why ESG software is essential for supply chain transparency ESG software empowers companies to measure and monitor environmental impact, social practices, and governance standards across their supply chains. By centralizing ESG data, it provides comprehensive visibility across the entire supplier network. This transparency is invaluable for managing risks, meeting regulatory requirements, and ensuring that sustainability commitments are upheld at every level. Transparency within the supply chain is more than a regulatory checkbox—it’s a reflection of corporate values and a way to build brand integrity. For companies pledging a commitment to ESG principles, visibility into supply chain practices ensures that their promises are matched by actions at every level. Transparent supply chains help build trust with customers, investors, and employees who want assurance that a company’s values are upheld in practice, not just in mission statements. Key areas tracked by ESG software in supply chains Environmental metrics: Tracks carbon emissions, energy consumption, water usage, resource efficiency, waste management, and pollution levels. These metrics help organizations understand the environmental impact of their supply chain activities, particularly in areas like transportation, production processes, and material sourcing. For example, a supplier’s renewable energy use can significantly reduce overall emissions. Monitoring such metrics provides a granular view of sustainability efforts and highlights areas for further improvement. Social metrics: Covers labor practices, worker health and safety, diversity and inclusion, community impact, and human rights compliance. These metrics reflect the ethical standards maintained across the supply chain, ensuring that suppliers adhere to responsible employment and social policies. By tracking these indicators, companies can assess whether suppliers are fostering positive work environments, adhering to fair labor standards, and contributing to local communities, all of which support social responsibility. Governance metrics: Includes tracking of ethical sourcing, anti-corruption policies, regulatory compliance, risk management protocols, and adherence to established governance policies. Governance metrics ensure that suppliers meet the necessary legal, ethical, and corporate governance standards. Such metrics give companies insight into how suppliers handle compliance risks, internal controls, and adherence to ethical standards, helping to build a secure, risk-resilient supply chain. Benefits of ESG software for supply chain transparency Enhanced visibility: Provides real-time access to data on environmental, social, and governance metrics, offering a clear view of supplier practices and performance across the entire supply chain. Risk mitigation: Identifies potential risks related to environmental impact, labor practices, and compliance issues, enabling proactive management and reducing exposure to reputational and operational risks. Streamlined compliance: Simplifies tracking and reporting for regulatory compliance and internal policies, helping organizations easily meet ESG standards and avoid penalties. Efficient reporting: Automates the collection and reporting of ESG data, making it... --- ### Preparing for 2025 with Key Supplier Diversity and Procurement Insights Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Driving Impactful Supplier Diversity by Partnering with Business Stakeholders   The recent 2024 State of Supplier Diversity Report identified that 66% of supplier diversity leaders spend half or more of their time with their line of business stakeholders like specific business unit leaders, Sales, Marketing, and even government affairs. This has required them to develop new skills and networks. In a recent Supplier. io webinar, Dwayne Norris, Supplier Diversity Manager at Enterprise Mobility, shared his insights on how supplier diversity leaders can cultivate stronger partnerships with their internal stakeholders. His advice centered around sharing actionable data, setting aligned goals, and proactively engaging with business units—actions that any organization can adopt to ensure the success and visibility of its supplier diversity program. Sharing business unit data for actionable insights Supplier diversity data needs to be accurate, transparent, and actionable. Norris emphasizes that reporting on supplier diversity shouldn’t be limited to just high-level corporate figures; instead, it should extend to granular, business unit-specific data. Norris recommends using enriched data to generate detailed, actionable insights that each business unit can directly connect to its own goals and outcomes. For example, Norris and his team at Enterprise Mobility share supplier diversity performance data segmented by each line of business. This includes spend by region, product category, and specific business units, which can help stakeholders understand the real-time impact of their contributions to diversity goals. But Norris goes beyond just measuring spend at the business until level.  He notes, "While diverse spend is important, the economic impact data gives us a better gauge of how we're actually contributing to our communities," emphasizing the added value of reporting economic contributions like job creation and community tax revenue alongside spending. By presenting supplier diversity as more than just compliance, Norris demonstrates how diverse sourcing can positively impact individual departments' operational efficiency and market positioning, leading to broader company buy-in and ownership. Partnering and setting goals with business leaders Beyond just reporting, leaders like Norris are partnering with their business stakeholders to identify specific growth opportunities and setting goals.  For Norris, setting clear, realistic goals starts with understanding the unique needs of each business unit. Supplier diversity teams, he explains, should adjust targets based on available diverse suppliers and the specific opportunities in a given area or function. "A state or region that’s highly diverse will naturally provide more opportunities than areas that aren’t,” says Norris. At Enterprise, each region sets its goals based on available opportunities and expected business outcomes, fostering alignment and motivation to achieve supplier diversity goals. Norris also advocates for ongoing conversations with stakeholders, reminding leaders to prioritize local needs and to address any potential limitations openly. This approach not only improves results, but also nurtures trust and accountability across business units, as each leader understands how diversity goals align directly with their unique capabilities and constraints. To make goal-setting effective, Norris suggests regularly tracking metrics, including quarterly reviews of diverse spend, economic impact, and growth projections for suppliers. Supplier diversity teams can guide business leaders through the available data to make informed decisions... --- ### Setting a Strong Baseline and Industry Benchmarks for Your Supplier Diversity Program This is fundamental.  Unfortunately, many companies are building their programs on broken and inaccurate data, as much as 50% inaccurate data. Establishing a clear baseline and benchmarking your program against industry standards are essential steps to ensure growth, track progress, and demonstrate impact. In a recent Supplier. io webinar, experts discussed why data accuracy is often underestimated and how programs can benefit from industry benchmarks. The discussion made it clear that a solid, accurate foundation is the key to setting achievable goals and demonstrating real value. And the good news is that this is more possible today than ever. The hidden challenge: data accuracy Most supplier diversity programs rely on massive datasets that cover a wide range of suppliers and spending categories. However, as Molly O'Brien from Supplier. io highlighted during the webinar, many companies aren’t working with clean, up-to-date data.   Inaccuracies are often caused by outdated supplier certifications or incomplete profiles. This can lead companies to overestimate their progress by as much as 50% or understate by up to 20% from missed suppliers, making it harder to identify gaps and opportunities for improvement. Bryan Wiggins, who leads responsible procurement at Cisco, shared a critical insight: "The numbers don’t lie. Investors and customers want real proof of progress, and when you present data, it has to hold up to scrutiny. " This kind of data accuracy is often overlooked, but it plays a critical role in securing internal buy-in and external recognition for your program. Getting an accurate baseline: why it’s critical A baseline isn’t just a one-time snapshot; it’s the starting point for tracking your supplier diversity program’s progress over years. Without a clear, accurate picture of where your organization stands, you’ll open yourself up to reputational risk, struggle to measure improvements, or identify where you're falling short. Setting a baseline involves asking the right questions: What percentage of your suppliers are truly diverse? Do you know which suppliers are certified, and are those certifications current? How are these suppliers categorized in terms of spend and strategic importance? This detailed analysis forms the backbone of a successful supplier diversity strategy. Supplier. io’s data enrichment tool can help procurement leaders clean up and enrich their supplier data, ensuring that certification statuses, ownership details, and demographic information are current and accurate. This tool continuously updates your supplier database, giving you confidence in the accuracy of your baseline data. Benchmarking: setting realistic goals Once a solid baseline is established, the next step is goal setting. Industry benchmarks are the best way to ensure your goals are both ambitious and realistic. Setting targets based solely on internal data can lead to misaligned expectations, either aiming too high or too low. Benchmarking your performance against industry standards helps you understand where you stand relative to competitors and peers. During the webinar, Wendy Rocco from Associated Materials emphasized how benchmarking helped her team set clear, data-backed goals. "We compared our metrics with industry leaders and identified areas where we were lagging. This gave us the... --- ### Building a Strong Business Case for Supplier Diversity Investment In a recent Supplier. io webinar we heard from industry experts Bryan Wiggins (Cisco), Wendy Rocco (Associated Materials), and Molly O’Brien (Supplier. io), who have helped organizations successfully launch and grow their supplier diversity programs. Why Supplier Diversity Matters for Your Business Over the last few years we’ve seen more data proving how a well-implemented supplier diversity program delivers tangible business value.  These programs now go beyond corporate social responsibility to drive supply chain competitiveness, brand value, revenue growth and innovation. In a recent State of Supplier Diversity report, 65% of respondents reported that their programs improved their supply chain competitiveness. Additionally, almost 50% said these programs enhanced their brand reputation and drive RFP success. This growing recognition proves that a supplier diversity program isn’t just a feel-good initiative—it’s a business imperative. How to Build the Business Case for Your Program Building a supplier diversity program requires leadership buy-in, financial investment, and the right resources. While interest in programs exploded in 2020 because of the pandemic and George Floyd incident, leaders now need to gain support by focusing on business value.  Here are the key components for creating a successful business case: 1. Align Supplier Diversity with Corporate Values and Strategy For your supplier diversity program to gain traction, it must align with your company’s mission and values. Wendy Rocco shared her experience at Associated Materials, emphasizing how crucial it is to connect the program to the company’s vision. "Our corporate values focus on enhancing the places we live and work. Our supplier diversity program is directly linked to this by supporting local communities and promoting inclusive business practices. " To strengthen your business case, outline how a supplier diversity program aligns with your company’s long-term goals, whether it’s fostering innovation, enhancing community relationships, or meeting corporate social responsibility (CSR) objectives. 2. Highlight the Business Value Molly O’Brien stressed the importance of tying the business case to competitive market forces. "If your competitors are investing in supplier diversity programs, you risk falling behind in RFPs and missing out on new business opportunities. ” Additionally, many organizations now face customer or government requirements for supplier diversity, adding another critical layer of necessity for these programs. When crafting your business case, outline the potential for business growth. For example, you can emphasize how a supplier diversity program can help your company secure government contracts, meet customer expectations, and foster innovation through partnerships with diverse suppliers. 3. Leverage Data to Demonstrate Impact Data is one of the most powerful tools you can use to advocate for supplier diversity investment. Bryan Wiggins shared Cisco’s journey: “Since 2021, we’ve nearly tripled our diverse spend. Having this kind of quantifiable data is essential when presenting the business case to leadership. ” Present data that highlights the potential cost savings, risk mitigation, and revenue opportunities tied to a supplier diversity program. Studies show that working with diverse suppliers can lead to 8. 5% lower costs year over year, while also increasing supplier retention rates by 20%, according... --- ### Strategies for Achieving Net-Zero Targets and Unlocking Supply Chain Sustainability As the push for net-zero targets intensifies, procurement teams are increasingly being called upon to step up and take a leading role in driving these efforts forward. The following is a summary of the discussion. The evolving role of procurement Daniel Dorr, VP of Marketing at Supplier. io, opened the discussion by pointing out how procurement's role has changed: “It used to be all about cost. But now, procurement is adding real business value. ” This expanded role includes sustainability and supplier diversity, making procurement critical to a company’s success. More and more, decisions are being made based on how sustainable a company’s supply chain is, and procurement teams are in the driver’s seat. Organizations are facing increased scrutiny, and Daniel made it clear: “Years ago, it was enough to say you had a sustainable procurement program or a net-zero target, but now companies are expected to show hard numbers and progress. ” This shift means procurement has to take the lead in delivering real, measurable results. Addressing Scope 3 emissions: The big challenge A big topic during the webinar was Scope 3 emissions—those are the indirect emissions that come from a company’s supply chain. As Cecilia (Ceal) Giordano, Sustainable Supply Chain Account Manager at CDP, explained, “Scope 3 makes up the bulk of a company’s emissions footprint. ” It’s a huge factor for almost every industry. CDP’s research backs this up: supply chain emissions are, on average, 26 times larger than a company's direct emissions (Scope 1 and 2). Ceal stressed that no company can meet its net-zero goals without getting suppliers involved. “Your net-zero targets can’t be achieved on your own. Your suppliers need to act, too. ” The power of data-driven procurement To make smart decisions and push for sustainability, companies need accurate data from their suppliers, but that’s often a major hurdle. As Laura Noonan, Senior Product Marketing Manager at Supplier. io, explained, “Without accurate emissions data, it’s hard to know where to focus or how to reduce Scope 3 emissions. ” The reality is, many suppliers don’t have the right expertise or tools to track their emissions accurately. This is where platforms like Supplier. io come in, helping to fill that gap. As Ceal Giordano from CDP pointed out, “What gets measured gets managed. ” Accurate data isn’t just a checkbox—it’s the foundation for making meaningful changes. CDP and Supplier. io partnership is closing the data gap A key announcement during the webinar was the new partnership between CDP and Supplier. io. Together, they’re working to bridge the data gap and improve transparency. With CDP’s extensive dataset now available through Supplier. io, procurement teams can evaluate their suppliers’ environmental performance with more confidence. Daniel explained, “Primary supplier data is now available for procurement leaders, giving them the quality and detail they need to make informed decisions. ” This partnership helps cut down on the need for multiple surveys, reducing the burden on suppliers while streamlining the process of collecting sustainability data. As Ceal put it,... --- ### Understanding Economic Impact Analysis: How it Adds Value to Your Supplier Diversity Program EIA breaks down the benefits of your partnerships with diverse suppliers, giving you a clearer picture of how you’re helping create jobs, boost incomes, and support local economies. It’s a tool that lets you demonstrate the full impact of your decisions—not just for your suppliers, but for the people and communities connected to them. Why economic impact analysis matters More and more supplier diversity leaders are turning to EIA to show the real value behind their work. According to our 2024 State of Supplier Diversity Report, 37% of companies now use Economic Impact Analysis, up from just 10% last year. Companies like United Airlines, CVS, Fidelity, and American Water are using EIA to highlight the bigger benefits of their supplier diversity programs. For you, it’s not just about reporting the numbers. EIA lets you tell the full story—how your supplier diversity program is contributing to local economies and making a meaningful difference. What does economic impact analysis measure? EIA helps you quantify how your supplier diversity program is impacting the economy. Here’s what it measures: Jobs Created: Your spending with diverse suppliers creates jobs as they ramp up to meet demand. Incomes Earned: Wages earned by employees at these suppliers circulate through local economies, helping support families. Tax Revenues Generated: The economic activity from your supplier relationships generates taxes that fund public services. Total Economic Output: Every dollar spent with diverse suppliers contributes to overall economic growth, creating a ripple effect that reaches other businesses in the supply chain. How economic impact works EIA doesn’t just show the direct effects—it captures the full chain of impacts from your supplier diversity program: Direct Impact: The immediate effect your suppliers feel when you buy from them, like hiring more staff or purchasing materials. Indirect Impact: The ripple effect across the supply chain, where your suppliers buy goods and services from other businesses. Induced Impact: The broader economic activity generated when employees of your suppliers spend their wages in their communities. Why are companies embracing economic impact analysis? Here’s why EIA can be a game-changer for your supplier diversity program: Engage Your Stakeholders: EIA gives you data-backed insights to share with investors, customers, and community leaders. It shows them how your program is contributing to economic growth. Showcase Your Impact: The results can be integrated into your company’s annual reports, CSR updates, or sustainability reports, giving stakeholders a clear view of how your efforts are making a difference. Strengthen Community Relationships: Communities and local organizations want to know how your company is improving their local economy. EIA helps you highlight those positive outcomes and build stronger partnerships. Build Investor Confidence: Investors want to see measurable returns, and EIA proves that your supplier diversity program isn’t just good PR—it’s driving real results. Boost Employee Morale: Knowing that the company they work for is making a tangible difference can help boost employee pride and engagement. Putting EIA to work for you With Economic Impact Analysis, you can create custom reports to showcase your program’s value.... --- ### Webinar Series: Supplier Diversity Masterclass Supplier Diversity Masterclass Advance Your Program for Maximum Impact Are you ready to take your supplier diversity program to the next level? Whether you're just starting out, looking to grow and optimize your existing processes, or aiming to showcase the impact of your mature program, this Supplier Diversity Masterclass series is designed to support you at every stage of your journey. This 4-part educational series offers expert guidance to help you build, expand, and showcase the impact of your supplier diversity program. Tailored to the maturity of your program, each session provides actionable strategies to address your specific needs—whether you're launching new initiatives, accelerating growth, or managing a mature program. Attend all four sessions, and you’ll receive a Supplier Diversity Blackbelt Certification—a testament to your commitment to advancing supplier diversity excellence within your organization. This masterclass series is your opportunity to accelerate the success of your supplier diversity program. By attending all four sessions, you'll follow a comprehensive learning pathway from building to strengthening your program—from laying a solid foundation and establishing a baseline, to improving program performance, and demonstrating impact across your business, in your supply chain and the communities in which you operate.   The series kicks off on October 15, 2024. Register Now! Session #1: Making a Business Case & Finding Your Baseline October 15, 2024 | 1pm EST Session #2: Building Credibility with Key Stakeholders October 29, 2024 | 1pm EST Session #3: Expanding Your Program Globally & Into the Supply Chain November 12, 2024 | 1pm EST Session #4: Measuring the Economic Impact of Your Supplier Diversity Program November 19, 2024 | 1pm EST hbspt. forms. create({ region: "na1", portalId: "371945", formId: "febb550c-7fc8-48af-944f-6d54f8abaeab" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Supplier.io Integrates with Amazon Business “Enterprises spend more than $35B a year through Amazon Business. In reality, a significant amount of that spend is actually directed to the small and diverse suppliers that sell on the platform,” said Aylin Basom, CEO of Supplier. io. “Until now, procurement teams did not have an easy way to measure or manage that spend. Our new integration with Amazon Business gives customers a one-stop-shop for qualifying, monitoring, and reporting on their responsible procurement spend on Amazon Business -- a game changer for companies that recognize the immense business benefits of responsible sourcing. ” The integration connects Supplier. io’s market-leading network of supplier diversity data with Amazon Business, creating an easy and auditable way to measure, track, and verify diverse spend. The partnership provides a one-stop shop for monitoring responsible procurement spend on the platform, including purchases with small businesses, women-owned businesses, veteran-owned businesses, and more. You can find the integration today on the Amazon Business App Center. Historically, tracking Tier 2 spend required confirming and maintaining accurate data from thousands of suppliers -- a nearly impossible task for procurement teams, especially given the pace at which supplier information and status change. Supplier. io’s integration with Amazon Business solves this challenge by automatically enriching Tier 2 spend data with verified attributes from over seven million suppliers and five million environmental and social certifications. This additional dashboard, available to Supplier. io customers, makes it easy for procurement teams to connect purchase decisions with environmental, social, and governance (ESG) outcomes while increasing supply chain transparency, reducing costs, and driving financial impact. Supplier. io powers responsible sourcing programs for over 900 companies worldwide, including half of the Fortune 100 and 60% of the Billion Dollar Roundtable (BDR). By leveraging an unrivaled network of data from over 450 trusted data sources, Supplier. io provides a single source of supplier intelligence that enterprises can use to expedite decision-making, capture new markets, mitigate supply chain risk, hit mandated targets, and ensure compliance against ESG standards. --- ### Supplier.io Releases the 2024 State of Supplier Diversity Report The 2024 State of Supplier Diversity report released today by Supplier. io reveals responsible sourcing as a cornerstone of business strategy, fueling core operations and accelerating global expansion. The research found executive involvement has increased over last year as more business leaders see the impact of diverse and sustainable suppliers on corporate culture (76%), supply chain competitiveness (65%), and compliance with customer or government requirements (80%). “Responsible sourcing is no longer niche -- it drives innovation, strengthens global supply chains, and shapes the future of corporate sustainability,” said Aylin Basom, CEO of Supplier. io. “Our research underscores that companies are not just investing in these programs, they’re using them as strategic levers to quantify impact, secure executive buy-in, and unlock new growth opportunities. This shift is about building businesses that are not only competitive and sustainable but also deeply committed to creating long-term value for all stakeholders. ” As businesses recognize the strategic importance of responsible sourcing, executives are doubling down on precise, data-driven reporting to quantify program value. This shift is reflected in the nearly 270% rise in companies conducting economic impact analyses over the last year. C-suite involvement has also surged, with a 166% increase in direct reporting to CEOs and Boards over the last three years, underscoring the growing influence of responsible sourcing on high-level decision-making and long-term business strategy. Additional key findings from the 2024 State of Supplier Diversity report include: Responsible sourcing and broader business initiatives are increasingly connected. Two-thirds of respondents reported active engagement with individual business units, highlighting the growing integration of supplier diversity programs across the enterprise. Additionally, partnerships with environmental, social, and governance (ESG) initiatives rose 24%, underscoring the strong synergy between sustainable and diverse spend. Corporate culture, supply chain competitiveness, and brand image continue a 7-year streak as top program drivers. However, new motivations are gaining traction - 48% of respondents now leverage supplier diversity programs to win new business. Global expansion is also gaining momentum, with 27% of companies planning to enter international markets within the next one to two years, a 350% increase from 2021. Data drives program excellence and strategic outcomes: Over 92% of organizations monitor their spend with small and diverse suppliers, with 60% leveraging third-party data—an increase from 47% in 2021. As a result of this intelligence, business leaders can measure the success of their supplier diversity programs through additional factors including cost savings (28%), economic impact on communities (37%), and innovations (18%). Support for responsible sourcing remains strong despite external headwinds: 67% of leaders report that economic conditions have not affected their support for responsible sourcing programs, an increase from 57% who said the same last year. Now in its seventh year, the 2024 State of Supplier Diversity report compiles insights from over 350 supply chain professionals, more than half of whom work at organizations with revenues of $1 billion or higher. To get access to the full data, download the report here. --- ### 2024 State of Supplier Diversity 2024 State of Supplier Diversity In this on-demand webinar, Supplier. io CEO Aylin Bason is joined by Chris Sawchuk, a leading analyst from The Hackett Group, to share data and insights from Supplier. io’s 7th annual State of Supplier Diversity Report. We surveyed over 350 supplier diversity leaders to understand how they’re meeting the growing demands of executive visibility, data accuracy, coordinating with ESG, and navigating the pressures from the economy and politics. Download this webinar to hear about the trends that have impacted programs and what leaders are planning for the next year and beyond. This year’s report specifically explored a few current topics including: Data accuracy and emerging metrics The impact of politics on supplier diversity programs Business support and how well leaders are connecting with business peers The growing importance of sustainability in procurement This annual webinar is a must-see event for any procurement and supplier diversity leader today! Speakers: Chris Sawchuk – Principal, Global Practice Leader at The Hackett Group Aylin Basom – CEO at Supplier. io Daniel Dorr – VP of Marketing at Supplier. io WATCH NOW! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "793e4b82-9560-4221-a78d-e7db5ab20a1c" });Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### How to Get Business Value from Your Supplier Diversity Program The supplier diversity landscape is evolving rapidly, with programs becoming increasingly critical to business success. As organizations face more scrutiny and regulations, the need for accurate data and strategic partnerships has never been greater. This blog post explores key insights from the webinar on how to maximize the business value of supplier diversity initiatives. Why Supplier Diversity Is Important to Businesses Supplier diversity has become a crucial element for businesses across various industries, including aviation, sports, entertainment, education, and healthcare. It drives innovation, enhances competitiveness, and helps companies better reflect and serve their diverse customer base. A successful supplier diversity program has proven business benefits including increased market share, improved brand reputation, and stronger community relationships. It can also be a differentiator in winning new business and retaining existing clients who value diversity and inclusion. Brown pointed out how successful programs impact organizations at the executive level. “If we're helping dollars come in the door and building those relationships with the senior business team, and if you're in a position to ultimately influence the conversation and strategy around the C-suite—excellent,” Brown said. Actions to Improve Business Partnerships To enhance partnerships with internal stakeholders, supplier diversity leaders should focus on demonstrating the value of their programs to the overall business strategy. Here are four key actions you can take to begin to build trust with your business counterparts: Develop sufficient business acumen to understand stakeholders' objectives Align supplier diversity goals with corporate objectives Provide regular updates and success stories Collaborate on category planning and strategic sourcing initiatives Sawchuk proposed a question: "How do you know that you're a trusted advisor? " He explained that a key indicator is when business units seek out the supplier diversity team for insights before making decisions. This level of partnership can lead to business unit-specific targets, increased accountability, more successful bids, and improved overall results. It's crucial to share these successes widely within the organization. Make heroes out of the business leaders who champion supplier diversity and ensure that everyone understands the positive impact on the company's bottom line. Supplier Diversity as a Business Differentiator Brown shared his experience with leveraging supplier diversity to stand out from the competition. He emphasized the importance of understanding the interconnectedness of supplier and client relationships. "If you're in the services business, take an opportunity to learn who your largest enterprise suppliers are," Brown said. "Quite often, you might discover some of your largest supplier relationships are also your client relationships as well. " By partnering closely with sales teams and executives, supplier diversity professionals can add significant value to customer relationships. For example, Brown described how he integrated an inclusive leadership strategy into his company's enterprise client group, helping engage clients in new and meaningful ways. This approach not only strengthens existing client relationships but can also be a powerful tool in winning new business. Executives who support and champion supplier diversity can become strong advocates for the program, monitoring progress, and driving continuous improvement. How to Measure... --- ### Uncovering Risk in Modern Supply Chains Supplier. io product expert Laura Noonan and Senior ESG Risk Analyst Alexandra Di Fabrizio shared insights from our recent ESG Risk Report that analyzed over 200 companies across 11 industries, revealing where these risks are most prevalent and common mitigation strategies for procurement teams. The report identified the majority of negative impacts on a company's reputation and financial performance originate in the supply chain. With 70 to 90% of potential risks tied to suppliers, the ability to identify and manage ESG risks is crucial. Companies can no longer afford to take a passive stance. They must proactively integrate ESG metrics into their procurement strategies to ensure long-term risk manage, value, and resilience. This isn’t just a supply chain issue. It also represents potential financial risk for organizations. Alexandra, a Senior ESG Risk Analyst at Impact Analytics shared. “More organizations are concerned with double materiality. This means evaluating not only the financial risks that environmental and social factors pose to a company but also the broader impacts a company has on its external environment. ”  For example, a company’s energy consumption can be viewed through both lenses. From a financial perspective, high energy usage can lead to increased operational costs and potential liabilities, particularly if the company is reliant on fossil fuels subject to volatile pricing or carbon taxes. However, double materiality also requires the company to assess how its energy consumption affects the broader environment and communities. This includes the greenhouse gas emissions generated from burning fossil fuels, which contribute to climate change, air pollution, and the depletion of natural resources, all of which can have adverse effects on local ecosystems and public health. This comprehensive view of materiality is becoming a standard practice, especially in light of upcoming regulations like the Corporate Sustainability Reporting Directive (CSRD) in the European Union which require double materiality reporting. Environmental risks in supply chains The data shows climate change remains the most pressing environmental risk for companies today. With 73% of the companies analyzed facing material risk due to greenhouse gas emissions, making it clear that reducing carbon footprints is at the forefront of corporate sustainability efforts. However, while climate change is undoubtedly the leading concern, other environmental risks also pose substantial threats that cannot be overlooked. These risks are often overlooked but can have severe financial and operational repercussions. For instance, Alexandra pointed out that water risk is anticipated to have financial repercussions three times higher than carbon risk, according to a 2021 study by Barclays. “This is particularly relevant for industries like agriculture, mining, and utilities, where water is a vital resource. ” Alexandra explained. “Water withdrawal is one of the key underappreciated risks, especially in areas where water scarcity is becoming more prevalent. Companies failing to address these risks could face severe operational disruptions. ” One of the most shocking risks came from often overlooked biodiversity.   “55% of global GDP depends on high-functioning biodiversity and ecosystems. Alexandra explained. Companies with suppliers who neglect these risks are not only exposing... --- ### New report reveals where companies face ESG risks in their supply chains The report "Supplier ESG Risk: Analysis and Mitigation Strategies for Procurement Teams" by Supplier. io and impak Analytics, a leading ESG ratings company, offers a comprehensive look into these risks and provides actionable strategies for procurement teams to tackle them effectively. Uncovering ESG Risks Your organization faces a growing challenge in managing ESG risks, which are not only confined to your own operations but extend deep into your supply chain. Supplier practices, whether related to labor conditions, environmental impact, or ethical conduct, can significantly impact your company’s reputation, financial performance, and long-term sustainability. The complexity of global supply chains often obscures these risks, making it difficult to gain a clear understanding of potential vulnerabilities and proactively address them. This lack of visibility is further compounded by increasing pressure from stakeholders for greater transparency. Companies are expected to not only monitor their own ESG performance but also ensure that their suppliers adhere to high standards. Procurement plays a critical role in uncovering these risks and ensuring compliance with ESG standards. Key Findings from the Report The report reveals findings from ESG risk assessments conducted at over 200 companies across 11 industries. It highlights the material environmental, social, and governance risks affecting these companies and provides insights into supplier activities contributing to these risks. The data presented in this report is designed to help you identify risks in supply chains, benchmark your practices, and drive continuous improvement in your sustainability initiatives. Below is a summary of the report findings, more detail can be found in the full report. Environmental Risks Environmental risks are a major concern for companies, with greenhouse gas (GHG) emissions affecting 73% of organizations. Other critical risks include inadequate product lifecycle management, water withdrawal and consumption, and pollution. These risks are exacerbated by supply chain activities such as transportation, raw material extraction, and manufacturing processes. Biodiversity loss, waste generation, and hazardous materials management also pose substantial challenges, albeit to a lesser extent. Social Risks The report identifies several pressing social risks, with diversity standing out as the most critical. 71% of companies face material risks related to diversity issues, which extend beyond corporate boundaries to impact supply chains and local communities. Other significant social risks include workers' health and safety, labor and working conditions, customer privacy and data security, access and affordability, and the repercussions on local communities. Governance Risks There is a growing recognition that managing environmental and social impacts within supply chains is essential. Supply chain reporting mandates like the Corporate Sustainability Reporting Directive (CSRD) mean that businesses must ramp up their supply chain oversight and report on ESG impact. Yet, 45% of companies are exposed to significant risks due to inadequate supply chain transparency and management. Tackling ESG Risks: Strategies for Procurement Teams The report also highlights how procurement teams are tackling ESG risks with practical mitigation strategies. They’re collaborating closely with suppliers to cut emissions, integrating climate risk assessments into supplier selection, and focusing on sustainable sourcing. For example, they might prioritize suppliers who use... --- ### Urgent call to address Scope 3 GHG Emissions in new CDP Supply Chain Report A recent report by CDP, in collaboration with the Boston Consulting Group (BCG), titled "Scope 3 Upstream: Big Challenges, Simple Remedies" (June 2024), reveals that these emissions, particularly those originating from upstream activities, can often significantly exceed those from direct operations. On average, upstream Scope 3 emissions are 26 times greater than emissions from direct operations. Despite their large scale, many companies continue to overlook supply chain emissions. The report states that companies are twice as likely to measure operational (Scopes 1 and 2) emissions and 2. 4 times more likely to set targets for those emissions compared to supply chain emissions (Scope 3 GHG emissions). Only 15% of companies disclosing through CDP have set upstream Scope 3 targets. The report emphasizes the urgency of addressing Scope 3 emissions, especially those originating upstream in the supply chain. Emissions data transparency and supplier engagement: Procurement's key to success The report highlights the importance of data transparency and supplier collaboration in achieving Scope 3 emission reductions. It states that engaging suppliers is crucial for aligning climate goals across the entire supply chain. Procurement teams can leverage their purchasing power to initiate a positive feedback loop and drive change across their suppliers, strategically engaging high carbon contributors first. The first step is to create transparency in supplier emissions data, enabling procurement teams to set targets and establish contractual obligations for suppliers aligned with their reduction targets. To help enhance this transparency, Supplier. io now embeds CDP's Climate Scores, Scope 1-3 emissions metrics, carbon intensities, and science-based targets into Supplier. io's platform. This integration empowers procurement teams with the information needed to strategically engage with suppliers and drive meaningful emissions reductions. To learn more about the Supplier. io and CDP partnership and the CDP climate data available in Supplier. io’s platform, watch the webinar, Unlock the power of CDP data for net-zero and supply chain sustainability The boardroom's role in Scope 3 decarbonization Another key finding of the report is the pivotal role that corporate boards play in driving climate action. Companies with climate-responsible boards, those with climate oversight and at least one climate-competent member, are 4. 8 times more likely to set targets for reducing their Scope 3 emissions. This highlights the importance of having board members who understand the risks and opportunities associated with climate change and can guide their companies towards a more sustainable future. Procurement teams can advocate for greater board-level engagement on climate issues. By highlighting the financial and reputational risks associated with unaddressed Scope 3 emissions, procurement can help elevate climate action to a strategic priority within the boardroom, leading to increased support for Scope 3 reduction initiatives. The power of internal carbon pricing A powerful tool highlighted in the report is internal carbon pricing (ICP). ICP assigns a monetary value to carbon emissions, serving as a powerful lever for change. By factoring the cost of carbon into decision-making processes, companies incentivize low-carbon choices, drive innovation towards sustainability, and effectively manage their Scope 3 GHG emissions. For procurement... --- ### How a global Food & Beverage company doubled diverse spend But what happens when a global food and beverage company recently addressed these challenges head-on? With the help of IBM Business Process Outsourcing (BPO) Services along with Supplier. io, this company was able to uncover more than $100 million in hidden diverse spend, more than doubling their reported spend metrics. This case study was reviewed in a recent webinar. Context: Symptoms of Ineffective Data & Reporting When IBM BPO Services team first engaged with the client, they started by looking for specific warning signs that their data and supplier diversity reporting may be inaccurate. They typically look for: Multiple, often incomplete sources of data that lead to inconsistent information Insufficient supplier name normalization that creates duplicates or missed connections Missing address data that hinders proper supplier identification and classification Inadequate filters resulting in misrepresented spend figures Diversity and digital transformation IBM was originally engaged as part of a digital transformation for the procurement team. But as they dug into the systems and data, they were able to identify that the company wasn’t capturing all their spend data to report the success of their supplier diversity program. "We were working with them primarily on some of the sourcing support that they needed,” said Laura Beth Hirt-Sharpe, Product Owner of Procurement Analytics as a Service at IBM. She continued, “Their diversity and sustainability teams came to us to say, ‘We want to stop doing the data work and start doing what we’re trained to do and what we’re passionate about. ’” This client’s supplier diversity data and reporting process had several key issues: Multiple data sources, including a large payment processor that obscured visibility into smaller, diverse suppliers Manual data cleansing processes that were time-consuming and error-prone Limited ability to leverage the full potential of their data due to quality issues Difficulty identifying diverse suppliers in specific categories due to data blind spots The client had spend data in multiple source systems, including a large payment processor. So when looking at their spend data, they could see millions of dollars going to one big bank, but that was disguising several smaller suppliers that were being paid through that payment processor. The Opportunity The IBM BPO Services team recognized several opportunities to dramatically improve the client's supplier diversity reporting: Automate the data cleansing and integration process Incorporate secondary spend data to uncover hidden diverse spend Improve supplier name normalization and parent-child mapping Enhance data quality to maximize the value of Supplier. io's diversity data The Solution Automated Data Integration IBM’s team created an automated process to combine different spend sources and incorporate diversity flags from Supplier. io. As Adam Louden, Analytics Development Consultant at IBM, explained, "Because the format that we get from Supplier. io is consistent over time, all the flags have the same numbers, and all the values are the same. It's really simple to create an automated process to incorporate all of that diversity data every single time you refresh that data. " Enhanced Data Visibility By incorporating secondary spend... --- ### Supplier.io Unveils New Report on ESG Risks, Highlighting the Critical Role of Supply Chain Management in Corporate Sustainability "Supplier intelligence is critical as increasing evidence shows that ESG risks directly impact the bottom line. Without clear visibility into supplier practices, businesses are exposed to significant reputational, operational, and financial threats,” said Aylin Basom, CEO of Supplier. io. “Our report highlights the tangible risks of environmental issues, poor working conditions, and inadequate supply chain management. By shining a light on these pervasive issues, Supplier. io provides critical insights and empowers organizations to understand and benchmark areas of supply chain risk, strengthen mitigation strategies, and make progress towards improved supply chain resilience. ” The analysis, based on ESG risk assessment data spanning 11 industries, was collected using impak Analytics’ proprietary tool, which is renowned for its best-in-class methodology. Supplier. io, in partnership with impak Analytics, analyzed the data against sector relevant UN's Sustainable Development Goals (SDGs) targets, while aligning with important materiality standards like the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) to ensure objectivity and comparability. The methodology utilizes a double materiality assessment for enhances risk discovery and impact analysis. Key findings include: Environmental Risk: Environmental risks are a pressing concern, with Greenhouse Gas (GHG) emissions standing out as the most significant threat, affecting 73% of companies. Additionally, 72% of companies face risks from lack of managing their products' environmental and social impacts throughout the product lifecycle. Water withdrawal and consumption and air pollution pose substantial challenges, underscoring a broad spectrum of environmental vulnerabilities. Social Risk: 54% of companies encounter worker health and safety risks, which can lead to labor unrest, strikes, production delays or disruptions. Governance Risk: Supply chain reporting mandates like the Corporate Sustainability Reporting Directive (CSRD) mean that businesses must ramp up their supply chain oversight and report on ESG impact. Yet, 45% of companies are exposed to significant risks due to inadequate supply chain transparency and management. The report emphasizes the critical need for businesses to apply the same rigor to ESG reporting as they do to financial metrics to reduce stakeholder and regulatory scrutiny. It also outlines several strategies procurement teams can leverage to ensure responsible sourcing, such as implementing robust codes of conduct, finding alternative sourcing strategies, and conducting comprehensive risk assessments to foster transparency, drive positive outcomes, and empower suppliers with opportunities for mutual benefit. To access the complete Supplier ESG Risk Report for more insights and analysis to mitigate risk and strengthen procurement due diligence, visit Supplier ESG Risk: Analysis and Mitigation Strategies for Procurement Teams | Supplier. io™. Supplier. io will discuss the findings, insights, and actionable strategies uncovered in the Supplier ESG Risk Report in a webinar on August 1, 2024. Register online to join at Uncovering ESG Risks in Modern Supply Chains | Supplier. io™. About Supplier. io Supplier. io is the market-leading SaaS provider of supplier diversity and ESG data and management solutions. The platform enables organizations to track and manage responsible sourcing, providing valuable data and insights that drive business growth, and the ability to measure social, economic and environmental impact. Equipped with... --- ### Supplier Diversity Best Practices with United Airlines Like many other companies, United Airlines recently hit the accelerator on their supplier diversity program. Over the last three years, it tripled its team size and increased diverse spend from $80 million to $500 million. According to Suzi Cabo, Managing Director of Business Diversity at United Airlines, supplier diversity is no longer simply nice to have—it’s a must have. In this webinar, she shared several actionable tips for how businesses can begin accelerating their supplier diversity programs. Prove supplier diversity value one win at a time “Don’t start with the numbers. Start with the case studies,” Cabo said. When you get key stakeholders to understand the purpose and value behind supplier diversity through compelling stories, the numbers will naturally follow. But what if you are only in the beginning stages of your supplier diversity journey? Cabo advised looking at one supplier and figuring out how to tell their story. With that supplier in mind, answer the following questions to begin formulating the story: What value is this supplier delivering today? Are they bringing things to the table that other suppliers didn’t when they competed for that business? Is there an increase in sales or revenue from that supplier? "We prove value one win at a time," Cabo said. She emphasized several times throughout the webinar that this approach helps change mindsets and behavior, which has ultimately led to improved supplier diversity reporting and numbers at United. Ensure accurate supplier data Accurate data is the foundation of any successful supplier diversity program. If you’re part of a program that’s handling this manually, you’re likely working extremely hard to get results that may ultimately end up being inaccurate. In some cases, Supplier. io has found that manual supplier diversity reporting has results that are up to 50% inaccurate. This is one of the many reasons why United Airlines leverages Supplier. io’s best practice research and data to build their program. "If you have some really talented data analysts, you could do it internally. Or you could work with wonderful partners like Supplier. io or others that can help with the economic impact report," she explained. “Supplier. io helps us enrich our data so that we can get accurate dollars. ” Cabo highlighted that supplier diversity teams should look at the rate of inclusion and set targets around participation. They should also measure cost savings, cost avoidance, and contributions to GDP, jobs, and wages. Showing economic and community impact Cabo highlighted the significance of economic impact data in engaging various stakeholders. “The community cares about it. The business partners care about it. I know the suppliers care about it. United cares about it,” Cabo said. Cabo also talked about how at the end of the day, an economic impact report tells you things like how many jobs were created because you and your company worked with a diverse set of suppliers. Metrics like contribution to GDP can be sliced and diced by region, allowing you to talk about your company’s impact on a... --- ### Driving business value with supplier diversity programs Driving business value with supplier diversity programs Supplier diversity has been proven to add value to companies—increasing supply chain competitiveness, winning new business, improving brands, and driving innovation. But leaders may be struggling to shift their role from managing data to driving and demonstrating business value. In this webinar, we talked with procurement experts to learn how leading supplier diversity professionals can shift from tracking spend to demonstrating value to the organization. View the webinar to learn: How procurement and supplier diversity roles are shifting Examples of leaders demonstrating value Differences between leaders and most organizations Practitioners view of specific steps you can take Speakers: Shelly Brown – Supplier Diversity & Responsible Sourcing Champion Chris Sawchuk – Principal and Global Procurement Advisory Practice Leader at The Hackett Group Daniel Dorr – VP of Marketing at Supplier. io Don’t wait; watch today! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "9580fb4d-f032-41b0-b65c-bf43057345d7" });Learn from our industry leaders! Chris Sawchuk from The Hackett Group has over 25 years of experience in Procurement helping organizations layout and progress along their transformational journeys. Shelly Brown is a former Diversity Solutions Leader at Aon who partnered with sales and line of business leaders to drive better business results thanks to supplier diversity. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Uncovering ESG risks in modern supply chains Uncovering ESG risks in modern supply chains Insights from over 200 ESG risk assessments to understand and address supply chain risk. In today's rapidly evolving business landscape, environmental, social, and governance (ESG) factors are critical components of a resilient and responsible supply chain. But organizations may not realize what risks they have in their supply chain. In this webinar we reviewed data from over 200 in-depth ESG risk assessments, providing an unparalleled look into the current risks of supplier sustainability performance, offering actionable insights to help your organization navigate the complex world of ESG risk management. Key webinar takeaways include: Identifying the highest ESG risks: Discover the most pressing environmental, social, and governance challenges currently impacting global supply chains, and learn how to assess your company's exposure. Effective risk mitigation strategies: Gain insights into how leading companies are addressing these risks through innovative and proactive approaches. Recognizing positive contributions: Highlight areas where suppliers are excelling in ESG performance, providing inspiration and benchmarks for your own sustainability initiatives Speakers: Alexandra Di Fabrizio, Impact Analyst — Impak Analytics Daniel Dorr, VP, Marketing — Supplier. io Laura Noonan, Senior Product Marketing Manager, ESG — Supplier. io Don’t wait; watch it today! Gain valuable insights that will drive your bottom line. WATCH NOW! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "b987d534-f899-4813-89c0-d48bca3a2841" });Hear from our insight specialists! Boris Laura Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### NMSDC's 2023 minority business economic impact report NMSDC's Economic Impact Analysis with Supplier. io Review highlights from the latest NMSDC economic impact report, learn how reports like these can be leveraged to ignite change, and learn how NMSDC is on track to reach $1 trillion in NMSDC-certified MBE revenue by 2030. Learning Objectives: What is an economic impact report? What are the metrics that NMSDC is monitoring and why? How does one use an economic impact report to affect change? How can you get involved to help NMSDC reach $1 trillion in NMSDC-certified MBE revenue? Speakers: John G. Daniel – CEO and President at John G. Daniel Productions, LLC Aylin Basom – CEO at Supplier. io Ying McGuire – CEO and President at NMSDC Gain valuable insights that will drive your bottom line. WATCH NOW! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "aa66d9ad-c08f-407f-a3b0-699c9918240a" });Hear from a United Airlines procurement expert! Suzi Cabo leads United Airlines’ almost 60 year old Social Impact Optimization program. She has led a procurement team that supports both the lines of businesses as well as the suppliers themselves. Having worked with United Airlines for over sixteen years, Suzi keenly translates business goals into innovative, impactful programs and partnerships. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Supplier.io launches the 2024 State of Supplier Diversity survey Supplier. io is now collecting data for our 7th annual State of Supplier Diversity report. You are invited to be a part of the industry’s definitive report on trends and insights of supplier diversity programs across the country. See how you’re doing and understand recent procurement developments, including changes in how leaders are managing data, the impact of the economy and politics on programs, and the relationship between supplier diversity and ESG programs. It only takes about 10 minutes to complete, but once you do, you will get early access to the report and data. Don’t delay! This year we've also partnered with NMSDC and the Insight Sourcing Group to help define the questions, collect the data, and finalize our analysis New focus areas this year include: The impact of politics and the economy on programs How leaders are working with business counterparts How organizations are evolving their programs as the industry changes And more... Launch Survey --- ### United Airlines - Supplier diversity driving business value United Airlines - Supplier diversity driving business value Supplier diversity has been proven to add value to companies—increasing supply chain competitiveness, winning new business, improving brands, and driving innovation. However, some procurement leaders have struggled to demonstrate that value, spending more time collecting data and reporting numbers than connecting across business units and proving value. In this webinar, you'll learn from United Airlines’ best practices and how they’re shifting from tracking spend to actively demonstrating supplier diversity’s value to the organization. United Airlines is deeply committed to supplier diversity, with a program that’s almost 60 years old—they were a founding member of the Chicago Minority Supplier Development Council (MSDC). Watch this recording to learn... Strategies for tracking spend and setting goals How they increased spend 6X Executive engagement and compensation Shifting from tracking spend to economic impact and ROI Building out a team for long-term impact Speakers: Suzi Cabo – Managing Director of Social Impact Optimization at United Airlines Daniel Dorr - VP of Marketing at Supplier. io Gain valuable insights that will drive your bottom line. WATCH NOW! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "0908fb47-b86c-4fb0-9205-d93afd174751" });Hear from a United Airlines procurement expert! Suzi Cabo leads United Airlines’ almost 60 year old Social Impact Optimization program. She has led a procurement team that supports both the lines of businesses as well as the suppliers themselves. Having worked with United Airlines for over sixteen years, Suzi keenly translates business goals into innovative, impactful programs and partnerships. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Data-Driven Supplier Diversity: A Financial Services Perspective Time has proven that companies who invest in supplier diversity experience better business outcomes and can provide a greater impact to their communities. Financial services companies are no different—they only stand to benefit from successful supplier diversity initiatives.         Mark Morales, Vice President at City National Bank, recently joined a Supplier. io webinar to talk about how financial services companies can leverage supplier diversity.         Measuring supplier diversity program success         Morales said companies typically handle supplier diversity in one of four ways:         These companies don’t do anything intentionally, they don’t track metrics, and they get diverse suppliers by accident. These companies voluntarily track their internal procurement and categorize it with diverse suppliers. They may or may not have goals or report the information. These companies are required to report their spending because of existing legislation, but the legislation does not contain goals or mandates. These companies are subject to regulations and within the legislation are goals and mandates for spending.         Morales said the California Department of Insurance falls into the third category. California’s insurance market is actually one of the largest in the world and is far beyond the national average when it comes to diverse spend. Morales credits their success to a law that makes insurance companies disclose how much they spend with diverse suppliers.         Program Metrics to Drive Better Results         California has seen incredible results from its legislation. In 2012, insurance companies spent $930M with diverse suppliers. In the most recent report, that number is up to $3. 1B. “That’s without any goals, without any mandates,” Morales said. The California utilities industry has seen similar improvements. Their target percent for utilities spending on diverse suppliers is 23%. But one company is hitting around 42%—they spent $2. 41B in 2022, and $1B of that went to diverse firms.         So legislation, even without mandates and goals, can have a massive impact on diverse spend. It creates visibility and accountability, helping the bottom line and driving better business values.         Best Practices for Measuring and Improving Programs         “The more you report it, the more it gets done. The more visible it is, the more likely it is that your C-suite will understand and drive these results,” Morales said. He added that companies that have executives on board do better than competitors.         Another way to improve programs and measurement is by benchmarking your company against the industry, even looking at business-to-business level results. This can help companies quickly recognize areas to improve.         Measuring economic impact to address regulations         Financial services organizations in particular are required to invest in their communities. Mark mentioned the Community Reinvestment Act (CRA). The CRA was enacted in 1977, against a backdrop of urban decay and a lack of... --- ### Unlock the Power of CDP Data for Net-Zero and Supply Chain Sustainability Unlock the power of CDP data for net-zero and supply chain sustainability Are supply chain complexities hindering your path to net-zero? Struggling to gain visibility into your suppliers’ emissions? Watch our webinar, "Unlock the power of CDP data for net-zero and supply chain sustainability" to learn how to leverage the world’s most comprehensive environmental data. Gain the insights you need to effectively measure, manage, and reduce Scope 3 emissions – and ultimately build a more resilient and sustainable supply chain. In this webinar, you will learn how to: Gain Supplier Insights: Harness the power of CDP's gold-standard climate data to gain an understanding of your suppliers' climate performance, enabling you to make data-driven decisions that accelerate your sustainability goals. Accelerate Net-Zero Progress: Prioritize supplier engagement and collaboration for maximum impact on reducing GHG emissions, moving your organization closer to net-zero targets. Build a Sustainable Supply Chain: Confidently select suppliers based not only on cost and quality but also on their environmental impact, ensuring a sustainable and responsible sourcing strategy. Mitigate Climate Risk: Proactively identify climate-related risks within your supply chain, safeguarding your business from disruptions and building resilience. Don’t miss this opportunity to learn how CDP and Supplier. io can empower your organization with data-driven insights to achieve your supply chain sustainability goals. Complete the form to view valuable insights that will drive your bottom line. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "80608c07-2bb5-4ab5-9186-f80a2376aa7d" });CDP and Supplier. io partner to improve supply chain sustainability! “We are pleased to work with Supplier. io in this new partnership to advance global supply chain sustainability. Both Supplier. io and CDP share a vision to use market-leading insights to help companies create a foundation for understanding and reducing Scope 3 emissions, which empowers more organizations to engage with suppliers to support the global transition to a net-zero economy. ” - Lori Llewelyn, Managing Director for CDP North America “Responsible businesses are setting bold goals to meet net-zero targets, but supply chain challenges remain a roadblock. Without visibility into Scope 3 GHG emissions, no real progress can be made. That’s why we’ve embedded CDP’s Climate Scores and catalog of environmental disclosure data – the largest database of its kind – into Supplier. io’s platform. Together, we’re shining a light on supply chains and empowering businesses to collaborate with suppliers, achieve ambitious sustainability goals, and reap significant business benefits such as cost reduction and risk mitigation. ” - Aylin Basom, CEO of Supplier. io Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### How Supplier Diversity Data and Practices Double Diverse Spend How supplier diversity data and practices double diverse spend Accurate supplier diversity data is critical for a successful, responsible sourcing program. But how much of an impact can it make? Watch Supplier. io and IBM Procurement Analytics as a Service experts show how better data and best practices helped one organization increase their diverse spend by over 100%! By watching this webinar, you’ll learn: Supplier diversity data best practices Simple ways to improve data inputs to get better results Connecting supplier diversity to procurement digital transformation How better data processes produced 100%+ better results Using data to engage business stakeholders To view the recording of the webinar, please complete the following form. hbspt. forms. create({region: "na1",portalId: "371945",formId: "83f92802-79e6-4990-9d1d-d972aa6c81b4"});Hear from IBM procurement experts! Laura Beth Hirt-Sharpe possesses significant experience in analytics and supply chain management and aims to merge her procurement knowledge with her love of mathematics to create actionable intelligence for her clients. She has successfully leveraged her knowledge and experience to build the IBM Procurement Analytics as a Service offering as well as other client-facing services and technologies. Adam Loudon possesses diverse skills, including data analysis, statistical programming, research, database querying, project management, and data presentation. At IBM, he collaborates with clients to create intelligent workflows that combine their procurement team's expertise, exponential technologies like AI and automation, and internal and external data sources. In addition to his technical skills, he enjoys participating in the workplace environment and working with individuals with diverse skills. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### CDP and Supplier.io Partner to Improve Supply Chain Sustainability Supplier. io, the market-leading SaaS provider of supplier diversity and ESG data and management solutions, today announced its collaboration with CDP, the global non-profit running the world's environmental disclosure system. The new alliance provides companies with a comprehensive view of suppliers’ climate performance to enable the collaboration, reduction, and data-driven decisions needed to meet net-zero targets, regulatory requirements, and overall business goals. "Responsible businesses are setting bold goals to meet net-zero targets, but supply chain challenges remain a roadblock,” said Aylin Basom, CEO of Supplier. io. "Without visibility into Scope 3 GHG emissions, no real progress can be made. That’s why we’ve embedded CDP's Climate Scores and catalog of environmental disclosure data – the largest database of its kind – into Supplier. io’s platform. Together, we’re shining a light on supply chains and empowering businesses to collaborate with suppliers, achieve ambitious sustainability goals, and reap significant business benefits such as cost reduction and risk mitigation. ” By aggregating trusted data from CDP, Supplier. io offers centralized analytics that provide insights into supplier risks and performance, validate sustainability claims, identify areas for collaboration or improvement, and drive responsible procurement in a single platform. This enables businesses to break down data silos and gives procurement teams the transparency needed to support their company's sustainability initiatives as pressure increases to reduce emissions and meet net-zero goals. The integration of CDP’s data builds upon Supplier. io’s existing environmental and social certifications and ratings, which include data from over seven million suppliers and five million certifications such as Certified B Corporations, Green Business Network companies, Fair Trade and many more. New capabilities powered by the collaboration include: Scope 1, 2 & 3 Emissions Data: Access to primary emissions data that allows companies to pinpoint supply chain hotspots and strategize emissions reduction. Carbon Intensity Metrics: Metrics to facilitate easy comparison against environmental performance. Analyze trends over time to inform sustainability goals and ensure supplier choices align with business targets. Science-Based Targets: Identify suppliers taking decisive action on climate change with validated Science-Based Targets (SBTs) for GHG reduction. CDP Global Climate Scores: Utilize CDP Climate Scores, a globally recognized benchmark that enables businesses to assess and prioritize suppliers based on their climate change transparency and actions. "We are pleased to work with Supplier. io in this new partnership to advance global supply chain sustainability,” added Lori Llewelyn, Managing Director for CDP North America. “Both Supplier. io and CDP share a vision to use market-leading insights to help companies create a foundation for understanding and reducing Scope 3 emissions, which empowers more organizations to engage with suppliers to support the global transition to a net-zero economy. " CDP has the most comprehensive collection of self-reported environmental data in the world. Together with Supplier. io, it promotes transparency, accountability, benchmarking, and credibility – ultimately leading to a more sustainable supply chain, improved risk management, and a better planet. Learn more about how Supplier. io’s enhanced capabilities can transform your approach to sustainable procurement by visiting https://supplier. io/solutions/esg. --- ### Data insights to lowering supply chain emissions and reaching net zero CDP reports that, on average, supply chain emissions are 11. 4 times higher than a company's direct operational emissions. This staggering figure underscores the need for procurement teams to understand and address the environmental impact of their suppliers. But the challenge lies in unraveling the complexities of climate data to make informed, sustainable procurement decisions. CDP Disclosures: The gold standard for climate transparency That's where supplier insights, particularly those derived from primary emissions data become invaluable. CDP, a global non-profit, operates the world's leading environmental disclosure system, setting the gold standard for corporate environmental transparency. Thousands of companies voluntarily report their climate-related data through CDP, providing a wealth of information that is essential for sustainable procurement. By analyzing this data, you can overcome the challenges of: Data Gaps: Aggregated global emissions data from CDP helps fill in critical data gaps, providing information that may not be readily available through other sources. Inconsistent Reporting: CDP's standardized framework ensures that climate data is reported consistently, making it easier to compare the performance of different suppliers. Limited Resources: Accessing and analyzing aggregated CDP and other climate-related data through platforms like Supplier. io can save you valuable time and resources. Overcoming Data Challenges: What can climate data reveal? The right level of climate data offers a wealth of insights into a company's environmental impact and commitment to sustainability. Understanding supplier’s emissions and targets is crucial for procurement teams seeking to build a resilient and low-carbon supply chain. Here's an overview of key metrics: Scope 1,2, 3 Emissions Data: Emissions data from CDP disclosures provide detailed breakdowns of Scope 1, 2, and 3 emissions, offering a granular view of suppliers' carbon footprints and pinpointing the most significant sources of emissions. Science-Based Targets (SBTs): Identifying suppliers who have committed to ambitious, science-based emissions reduction targets is critical. The Science Based Targets initiative (SBTi) reports that companies with SBTs achieve significant emissions reductions, averaging an annual reduction rate of 8. 8%. Partnering with suppliers aligned with SBTs not only mitigates risk but also positions your company as a leader in the transition to a low-carbon economy. Carbon Intensity: Carbon intensity is the amount of greenhouse gas (GHG) emissions a company produces per unit of revenue. It's a powerful indicator of a company's efficiency in managing its carbon footprint relative to its economic output. Why is carbon intensity so crucial for sustainable procurement analysis of suppliers? Benchmarking Sustainability Performance: Carbon intensity allows you to compare the environmental efficiency of different suppliers. By benchmarking suppliers against industry peers and best practices, you can quickly identify leaders and laggards, helping you make more informed decisions about who to partner with. Identifying Improvement Opportunities: A high carbon intensity may signal inefficiencies in a supplier's operations or reliance on carbon-intensive energy sources. By engaging with these suppliers, you can encourage them to adopt more sustainable practices and technologies, ultimately reducing emissions across your supply chain. Measuring Progress: Tracking a supplier's carbon intensity over time provides a clear indicator of their progress in... --- ### Sustainable Procurement: Driving Value Creation and Managing Risk Procurement is experiencing an evolution. It’s gone from being largely about cost reduction to actively driving business value. Simply put, procurement is more critical to businesses than ever. However, this visibility comes with increased scrutiny from stakeholders, as well as growing regulations. Audits are more common and new regulations impact results. Kurt Albertson, Procurement Advisory - Principal and North American Practice Lead at The Hackett Group, and Shelly Brown, 20+ year responsible sourcing veteran, recently met with Supplier. io to share their perspectives and best practices on how to ensure procurement drives business value and mitigates risk. ESG Driving Forces Procurement leaders don’t always understand their role in enabling revenue or driving brand value, but these areas provide opportunities to be recognized as value creators and not just as cost reducers. To do that, procurement has the challenge of aligning with corporate objectives. It also has to clearly communicate its impact on brand value and revenue, as well as the risks a business can incur when corporate and procurement initiatives are not aligned. Albertson brought up that reducing emissions is largely thought of as the right thing to do. “Nobody will disagree with that, but that’s not going to have the teeth when it comes to making tradeoffs with your business stakeholder population. ” So procurement leaders need to demonstrate the business value of doing the right thing in order to get buy-in from stakeholders. Procurement faces other challenges: Fragmented data on certifications, ratings, and scores, multiple and uncertain regulations and guidelines, and low visibility into supplier ESG status. But despite these challenges, sustainability programs are growing. Brown emphasized how important it is to understand the “why” behind your strategy and make sure the solution you build not only aligns with what leadership has committed to, but is truly doable. “Make certain that you’ve got a good cadence of buy-in to the milestones and the timing on the calendar to achieve the goal. ” What Top Procurement Teams Are Doing Albertson said the top performers in sustainable procurement do things differently than the rest. They have clear goals along with advanced and mature sustainability programs rolled out across all spend areas. Top performers also set themselves apart by having clauses in their contracts related to sustainability and hold their vendors accountable to them. Top performers also build tracking into their procurement programs. Metrics like CO2, waste, percentage of waste recycled, and water consumption are most commonly tracked, but they’re being tracked for more than just saving money. “It does seem like most of this is being done to assess the space and understand the risk,” Albertson said. Albertson and Brown also discussed creating a risk framework by ranking your suppliers (high, medium, low), and then creating parameters for each group. “Maybe for your high-risk suppliers, you require them to follow some type of industry standard guideline,” Albertson said. “But the less-risk suppliers, you may allow them to self-report information. ” This doesn’t require science-based targets or CDPs—it’s less about asking... --- ### Sustainability in Procurement During our webinar, we were privileged to speak with two procurement industry titans, Shelly Brown, Diversity Solutions Influencer and Trendsetter, and Kurt Albertson, Principal and North American Practice Lead of Procurement Advisory at The Hackett Group Inc. , a leading IP-based strategic consulting and executive advisory firm. They shared enlightening insights that helped attendees expand their sustainable perspectives. Watch and discover how sustainable procurement is a strategic lever for driving long-term value and resilience by exploring: Sustainable Procurement: Define the core principles of integrating ESG factors throughout your supply chain. The Evolving Role of Procurement: Understand how ESG goals reshape procurement’s responsibilities and impact. Unlocking ESG Value: Learn how strong ESG practices reduce operational risks, boost customer loyalty, attract investors, and contribute to a sustainable future. Navigating the Challenges: Get actionable strategies for overcoming supply chain visibility limitations. Speakers: Shelly Brown, Diversity Solutions Influencer and Trendsetter Kurt Albertson, Principal and North American Practice Lead of Procurement Advisory at The Hackett Group Inc. Daniel Dorr, VP of Marketing at Supplier. io To view the recording of the webinar, please complete the following form. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "c789ce24-2bcd-4346-8fa1-994b10831541" }); --- ### Beyond Good Intentions: The Tangible Business Case for ESG-Focused Procurement ESG From Values to Value Creation While ESG might have started as a "box to tick," forward-thinking companies see the competitive advantage of a truly sustainable supply chain. It means greater efficiency, lower costs, better relationships with stakeholders, and ultimately, a healthier, more profitable business. Consider this: By 2026, 70% of Technology Procurement Leaders will have Environmental-Sustainability-Aligned Performance Objectives (Gartner ) How ESG Contributes to the Bottom Line Let's look at the specific ways ESG-focused procurement delivers tangible business value: Operational Efficiency Gains: Partnering with suppliers who share your commitment to sustainability often leads to streamlined processes, waste reduction, and lower energy costs. Think of it this way: finding suppliers who care about reducing their environmental impact can mean cost savings for you on energy and materials. Similarly, working with suppliers who treat their people well can prevent disruptions in your supply chain due to labor problems. Sustainability pays off: 60% operating cost reduction. Executing ESG effectively can help combat rising operating expenses (such as raw-material costs and the true cost of carbon), by as much as 60 percent. (McKinsey) Cost Savings and Innovation Boost: Prioritizing ESG principles encourages the adoption of circular economy practices, leading to reduced material and waste disposal costs. Furthermore, collaborating with sustainability-minded suppliers can spark innovation in product and packaging design and more, further enhancing your competitive edge. Unlock hidden value: 32% material reduction. The circular economy could result in a reduction of primary material consumption by 32% by 2030. (Ellen Macarthur Foundation) Reputation is Everything: Let's face it, people have choices these days. They want to support companies they feel good about. By championing ESG, you build trust and a stronger reputation – the kind that attracts new customers and keeps them loyal. This positive image can even lead to the ability to charge a bit more for products or services that are ethically sourced and environmentally friendly. It's a win-win for everyone. Build a brand customers believe in: A staggering 76% of consumers would cease buying from companies that neglect environmental, employee, or community well-being, highlighting the direct impact of ESG practices on consumer behavior. (PWC) Risk Mitigation for Long-Term Stability: Proactively addressing ESG factors in your supply chain allows you to identify and manage potential risks that could disrupt operations or damage your reputation. This includes everything from labor practices to environmental impact, safeguarding your company from costly fines, lawsuits, or negative publicity. Future-proof your operations: $1. 3 trillion climate-related costs. By the year 2026, it is expected that climate-related weather events will cost suppliers a staggering $1. 3 trillion. (CDP) Attracting Investors and Capital: By implementing robust ESG practices throughout your supply chain, you empower your company to tell a compelling sustainability story. A strong procurement driven ESG track record positions your company for better access to capital and potentially more favorable financing terms. Position your company for growth: 89% of investors consider ESG issues when making investment choices. (ESG investing statistics 2023 (Bankrate) The Call to Action: Your Roadmap to... --- ### 3 Ways to Elevate ESG Performance in Your Supplier Base Surprised? You shouldn’t be. Implementing a mature ESG supply chain program has proven, time and time again, to unlock a multitude of benefits, from reducing costs and improving brand image to increasing resilience and ensuring supply continuity. Put simply: ESG is now foundational to supply chain performance. But despite the criticality, many enterprises are struggling to with where to start and how to get traction. The challenges can feel immense: Stakeholders are increasing pressure. Regulators are moving fast. Resources are limited. ESG data is scattered and sometimes unreliable. And for most, supply chain visibility remains muddled, at best. Overcoming these challenges requires better supplier data and deeper supplier relationships. Here are three strategies to strengthen your data foundation and elevate ESG performance. Be More Intentional About Supplier Intelligence and Procurement Data Reliable data is the foundation of every ESG initiative. You can’t improve what you can’t see, measure or trust. Yet many companies are still relying on self-assessments to categorize suppliers and baseline sustainable spending - which is a big problem, given that self-reported data can be up to 50% inaccurate. Even those that rely on credible sustainability ratings face challenges. Within the typical enterprise, spend data is often fragmented across procurement systems (e. g. , ERPs, suites, and spreadsheets), within business units (e. g. , accounts payable and supply chain), and with the suppliers themselves. The ESG ratings ecosystem is also very cluttered, with different providers offering different ratings for different practices and accomplishments. This makes aggregating and acting on ESG data challenging, to say the least. Getting a better handle on your data is a critical first step for improving ESG performance - but you can’t go at it alone. Today’s market requires specialized talent, technology, and data enrichment services that can aggregate and analyze, comprehensively, the most credible supplier intelligence and ESG ratings in a single platform. Taking a specialized approach like this overcomes two of the biggest ESG hurdles teams face - data silos and self-assessments - and gives procurement team’s a clear window into how and where they can improve ESG outcomes. This approach is backed up by KPMG’s 2024 organizational ESG study. KPMG found that 90% of respondents surveyed plan to increase ESG investments over the next three years, with 43% investing in ESG personnel and 40% investing in ESG-specific software. Prioritize Scope 3 Emissions Analysis and Make Data-Based Decisions With increasing pressure from consumers, stockholders, and employees, along with changes to the regulatory landscape in the EU and California, enterprises are under pressure to disclose progress. While ESG encompasses a lot, today, the spotlight is shining brightest on the environmental elements, specifically Scope 3 greenhouse gasses. This is a logical focus area for regulators and enterprises. Most of a company's environmental impact is created by its supply chain. Supply chains account for, on average, 75% of a company's greenhouse gas emissions – which makes addressing Scope 3 critical for reducing footprint and moving towards Net Zero. However, Scope 3 is often the most... --- ### Supplier Diversity Best Practices for 2024 with The Hackett Group In 2024, supplier diversity is quickly evolving into a critical component for businesses hoping to drive innovation, improve ESG and DEI initiatives, and enhance their brand reputation. Supplier. io’s latest webinar featuring industry expert Kurt Albertson, Procurement Advisory - Principal and North American Practice Lead at The Hackett Group, shed light on the challenges and opportunities facing supplier diversity leaders at large corporations this year. Drawing on insights from The Hackett Group's study and real-world experiences, Albertson shared best practices for organizations and their supplier diversity programs to meet the new demands of the era. Determine Objectives and Measurements at the Beginning Data is critical for discovery, status accuracy, and reporting, but that data is only useful if clear objectives and measurements are set from the beginning. By establishing measurable and specific metrics for success, organizations can effectively gauge the impact of their supplier diversity initiatives. These objectives and measurements form a strong foundation for successful programs. “Whether we’re talking about supplier diversity, the implementation of generative AI, trying to drive compliance to preferred suppliers—it all comes back to the same thing: quality of data,” Albertson emphasized. The Hackett Group determined through several studies that the difference between successful and unsuccessful programs is that the former had access to good data while the latter didn’t. But how do supplier diversity leaders consistently get access to reliable data? Albertson shared that leveraging technology and third-party solutions to improve and manage the supplier diversity program is the number one trend among top performers. Stakeholders are no longer accepting generic information reporting—the numbers need to have credibility. And third-party data can help show the economic impact your spend actually has on communities. Gain Credibility with Executive Level Sponsorship Executive sponsorship plays an essential role in the success of supplier diversity programs. “We have to drive alignment with our business stakeholders,” Albertson shared. When executive champions advocate for supplier diversity initiatives at the highest level, like in board meetings, organizations can overcome barriers and leverage resources more effectively to achieve their diversity goals. Supplier diversity fits perfectly with broader corporate initiatives like ESG and DEI. These two initiatives in particular are growing in importance and are already tied into the organization’s corporate goals. Albertson encouraged leaders to find their champions of ESG and DEI initiatives internally, and then establish solid partnerships with them. Albertson expressed that gaining credibility and driving adoption is a matter of tying supplier diversity to business objectives that executives already recognize, like risk mitigation, revenue opportunity, and others. Referencing studies by The Hackett Group, Albertson said that diverse suppliers are often more flexible and innovative, which business stakeholders tend to value. He encouraged supplier diversity leaders to shift the conversation to what executives value in order to get buy-in. ESG for Procurement Succeeds When Clearly Aligned with Corporate Goals Corporate objectives around sustainability—brand value, compliance with regulations, improving customer satisfaction, etc. —are all about risk, and it’s important to build a procurement program on these corporate objectives. In the US,... --- ### Supplier Diversity Best Practices for 2024 with UScellular™ Over the last several years, supplier diversity has been rapidly transforming from a compliance requirement into a strategic and essential business initiative. This shift was clearly captured in a recent Supplier. io webinar featuring Chris Cooley, Supplier Diversity Manager at UScellular™. With more than five years in the supplier diversity sector, Cooley provided insights into steering a major corporation's program towards success amidst changing dynamics. UScellular™ has a clear mission: to connect the unserved and underserved. This mission dovetails with the company's commitment to Diversity, Equity, and Inclusion (DEI) and nurturing an inclusive supply chain. Their decade-long journey in supplier diversity is driven by the belief that embracing small and diverse businesses is not just morally right but strategically advantageous. Cooley emphasized, "Leading programs do a great job of connecting their supplier diversity program to their line of business counterparts," highlighting the innovative edge and business value that diverse suppliers bring to the table. Get and Share Accurate Data Cooley shared the message he delivered to UScellular™ executives to start getting them engaged with supplier diversity. According to Cooley, a supplier diversity program has several benefits to businesses: Diverse or small businesses support corporate America Reduces purchasing costs through a broader supply pool Injects optionality and competitiveness into supply chains Retains and attracts talentImproves corporate image in the marketplace Increases market share and awareness in targeted markets However, it’s not enough to simply make these claims to the executive team. Supplier diversity leaders must be able to show proof via data and reports. "The foundation of a strong supplier diversity program is your data," asserted Cooley. This principle is the bedrock of UScellular™'s approach, ensuring data visibility across the organization to foster accountability. With the executive team's growing demand for tangible proof of the program's value, the ability to leverage comprehensive reports and regularly updated supplier lists becomes crucial. This data-driven strategy not only showcases past successes but also informs future engagements, weaving the supplier diversity program seamlessly into UScellular™'s broader operational framework. Build Partnerships through Storytelling Supplier diversity leaders also need to function as storytellers, sharing not only RFPs that were won but also why they were won. Cooley embraced this idea in order to align the supplier diversity program with the company's strategic blueprint and get executive buy-in. At the end of 2023, Cooley was able to secure a CEO endorsement, exemplifying the power of internal advocacy and storytelling. By highlighting innovation, cost savings, and market expansion resulting from supplier diversity programs, Cooley has crafted a compelling case for the program's integral role in the company's future. This approach, underscored by forming strong alliances within the organization, particularly with the DEI team, highlights the symbiotic relationship between supplier diversity and corporate strategy. Combine ESG with Supplier Diversity As environmental, social, and governance (ESG) considerations become increasingly central to corporate agendas, supplier diversity programs are uniquely positioned to contribute to these objectives. UScellular™'s foray into formal ESG reporting, as Cooley notes, adds another layer of legitimacy to the supplier... --- ### Roadmap for ESG Success in 2024 During our webinar, we engaged in an insightful discussion with Kurt Albertson, Principal and North American Practice Lead of Procurement Advisory at The Hackett Group Inc. , a leading IP-based strategic consulting and executive advisory firm. Our dialogue with Kurt Albertson centered around crafting a roadmap for achieving success in supplier diversity and Environmental, Social, and Governance (ESG) initiatives in 2024. Check out the components that can boost your ESG initiatives this year. Speakers: Kurt Albertson, Principal and North American Practice Lead of Procurement Advisory at The Hackett Group Inc. Daniel Dorr, VP of Marketing at Supplier. io To view the recording of the webinar, please complete the following form. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "9c920e05-7ff7-4b64-818c-2bc2f91d785c" }); --- ### Tips to Combat Supplier Diversity Challenges Supplier. io recently hosted an insightful conversation with Dwayne Norris, Supplier Diversity Manager at Enterprise Mobility, about how important it is for supplier diversity leaders to use metrics to measure success. Enterprise Mobility operates in more than 90 countries and has a global fleet of 2. 3M, with over 90,000 team members worldwide. It’s the seventh largest US company by revenue. In his recent conversation with Supplier. io, Norris outlined several actionable insights that can help supplier diversity leaders combat the industry’s rising challenges in 2024. Speakers: Dwayne Norris, Supplier Diversity Manager at Enterprise Mobility Daniel Dorr, VP of Marketing at Supplier. io To view the recording of the webinar, please complete the following form. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "4c5c66ac-8b9d-4658-a928-0f770784e42c" }); --- ### Supplier Diversity Best Practices for 2024 with Enterprise Mobility As supplier diversity becomes more critical to the business, it comes with several challenges, namely increased scrutiny and pressure. Dwayne Norris, Enterprise Mobility’s Supplier Diversity Manager, has a unique perspective and a particularly helpful approach to running a successful program. Why? He doesn’t have a long career in supplier diversity or procurement. The vast majority of his time with Enterprise Mobility has been on the business and operations side, and he only started serving in his supplier diversity role two years ago. This background gives him a deep understanding of data and metrics, which he leverages to make his supplier diversity program a success. In his recent conversation with Supplier. io, Norris outlined several actionable insights that can help supplier diversity leaders combat the industry’s rising challenges in 2024. Data Is Critical, Especially for the Business Unit “Performance is king when you're out in the field. Everything is quantifiable. ” Norris realized early on in his role that he could attack supplier diversity the same way. He leveraged data as a way to not only track performance but also improve it. To plan accurate and achievable goals and to benchmark his efforts, Norris mentioned that data is what empowered him to see exactly where his efforts stood. And that’s essential for supplier diversity leaders today, given the mounting pressure from the business side of the company. Once Norris had the business unit supplier diveristy spend data he needed, he could confidently set up meetings with various department heads, C-suite executives, and other decision-makers to walk them through the results. Providing context to leaders helped them become stronger partners in the long run. He said that it’s important to communicate the purpose of what he’s doing, as well as what’s in it for the company and for each leader he speaks with. The Significance of Data When it comes to something like RFPs, Norris said having a robust supplier diversity program is helpful. Many Enterprise Mobility customers ask them for information beyond simple questions like “What’s your supplier diversity program? ” or “What’s your diverse spend? ” He suggests supplier diversity leaders should be ready to share their program’s overall economic impact as well. “That's quantifiable, so it speaks directly to the impact that you're having by having that diverse spend. ” Supplier diversity leaders can show how many tax dollars they’ve generated, how many jobs they’ve created, and more as a result of diverse spend. Once that data and the economic impact has been obtained, it empowers Norris to tell the broader story to business leaders, which results in more buy-in and support. Consider a “Heat Map” To Meet the Needs of the Business Norris' strategy involves an innovative "heat map" to identify and set goals based on the availability of diverse suppliers in different regions. For example, California has 80,000 diverse suppliers, while Rhode Island only has a few thousand. “The groups that would have more diverse and small suppliers, they also have higher spend goals than the groups... --- ### Best Practices for 2024 Webinar Series Supplier Diversity Excellence Certification: Your Roadmap to Success Our exclusive supplier diversity five-part webinar series was built to help you navigate procurement challenges and opportunities, and to provide you with some of the most important tools to thrive. At the end of these five sessions, you’ll have everything you need to improve your program. You’ll also get a “Supplier Diversity Excellence” certification, that you can share with your network and company to demonstrate your commitment and continued education. You really can’t miss this conversation! We’ll share supporting materials via email so you can assess your program during our sessions and bring your questions to our experts. If you can’t attend all live sessions, no problem. We’ll send you a link and you can watch the discussion at your leisure. See you and your peers there! Sign up and learn quick wins that will have a huge impact on your program. Spots are limited, so register here for the series Now! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "cd505723-c068-4b4b-ac8f-bb4670cef707" });Hear from procurement super stars, including: 2/1 Constellation Energy: Andre Wallace, VP of Business Diversity, is an organizational change expert who shared how supplier diversity can be a competitive edge and specific behaviors that drive success. 2/8 Supplier. io: DJ Merino, legal counsel, reviewed the legal challenges supplier diversity programs face and how organizations are winning in the courts. Lisa Morris from NMSDC also shared how supplier diversity programs drive measurable business value. 2/15 UScellular®: Chris Cooley, Supplier Diversity Manager, talked about actionable insights to bring value and a new life to your program, as well as preparing for upcoming ESG requirements. 2/22 Enterprise Mobility: Dwayne Norris, Supplier Diversity Manager, spoke about working with business unit and executive leadership teams to measure success, demonstrate value, and improve business results. 2/29 The Hackett Group: Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, will bring it all together with some powerful stats, key tips and tricks for success in 2024. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### 2024 Supplier Diversity: Legal Insights, Business Value, & Planning In a recent Supplier. io webinar guest speaker, Lisa Whaley Morris, Vice President of Strategic Alliances and Programs, National Minority Supplier Development Council (NMSDC), shared data from McKinsey and Gallup studies that solidify the business case for supplier diversity. In addition, Supplier. io’s General Counsel, Dominic (DJ) Merino, went beneath the surface on two dismissed corporate supplier diversity-related cases to highlight the disconnect between media storytelling and real business perceptions of supplier diversity. This blog explores these components, drawing from recent legal precedents and business insights, to offer a roadmap for effective supplier diversity programs. Diversity Legal Challenges The legal environment surrounding diversity has become increasingly complex, as highlighted by several recent cases. In the summer of 2023, the Supreme Court ruled against affirmative action in college admissions programs in the case Students for Fair Admissions, Inc. (SFFA) v. President & Fellows of Harvard College (Harvard) and SFFA v. University of North Carolina (UNC). While the ruling disallowed race-conscious admissions processes specific to educational institutions, it underscores the evolving legal landscape that organizations have to navigate in their diversity initiatives. Additional high-profile lawsuits, such as Byron Allen’s case against McDonald’s for lack of diverse media spend and a shareholder’s challenge to Starbucks’ DEI initiatives, stress the scrutiny organizational DEI efforts are under. The Business Value of Diverse Suppliers Even under increased scrutiny, the business case for supplier diversity has never been stronger. With 82% of business leaders considering diversity initiatives essential to their strategy and 67% anticipating diversity initiatives will grow in importance in the coming years, diversity is a clear business enhancer and driver of innovation (Public Private Strategies Institute). Diverse suppliers not only contribute to positive brand perception, leading to increased consumer loyalty, but they also offer significant cost savings that directly impact the bottom line. A study by McKinsey & Company found that minority- and women-owned business enterprises provide their business partners with year-over-year cost savings of 8. 5%, significantly higher than most businesses experience. Internal Planning for Supplier Diversity To facilitate the business value, internal planning for supplier diversity must be both strategic and forward-looking in light of the evolving legal and business landscape. Organizations need to: Rebrand Supplier Diversity: Elevate supplier diversity from a compliance-driven initiative to a strategic business imperative. This involves redefining diversity beyond exclusively race-based criteria to encompass a broader understanding of diversity. Proactively Plan with Data: Leverage accurate data to articulate a compelling business case for diversity and anticipate future challenges by planning 12–24 months ahead. This data-driven approach demonstrates the tangible business value of diverse suppliers, aligning supplier diversity with overall business goals. Integrate Supplier Diversity Across Business Functions: Ensure supplier diversity is not siloed within procurement but integrated across all business functions. This integration facilitates a holistic approach to leveraging diverse suppliers, enhancing innovation, cost efficiency, and market responsiveness across the organization. Embracing Supplier Diversity as a Business Driver As supplier diversity becomes increasingly integral to business success in 2024, organizations must navigate the complexities of legal challenges, maximize... --- ### Tips to Revitalize Your Supplier Diversity Program Get ideas on revitalizing your supplier diversity program by watching our webinar, Supplier Diversity Best Practices with UScellular. Our guest speaker, Chris Cooley, UScellular's Supplier Diversity Manager, shared actionable insights designed to bring value and a new life to your program. Key topics covered include: Defining your program, value, and targets – focusing on strategy and not arbitrary goals Implementing the data and systems for success Finding opportunities to increase the number of suppliers as well as spend Working with business counterparts Preparing for ESG in the future Speakers: Chris Cooley, Supplier Diversity Manager at UScellular Daniel Dorr, VP of Marketing at Supplier. io To view the recording of the webinar, please complete the following form. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "7b12cbdc-acb5-4a74-b9ac-801215c12ebe" }); --- ### Prep for Legal & Political Issues Related to Supplier Diversity Go deep into recent legal cases involving corporate supplier diversity programs. In our Best Practices for 2024 webinar covering the topic "Preparing for Legal and Political Issues," Supplier. io's General Counsel, Dominic (DJ) Merino, went beneath the surface on two dismissed corporate supplier diversity-related cases, highlighting a disconnect between media storytelling and real business perceptions of supplier diversity. Our guest speaker, Lisa Whaley Morris, Vice President of Strategic Alliances and Programs, National Minority Supplier Development Council (NMSDCHQ), also shared three data points from McKinsey and Gallup studies, solidifying the business case for supplier diversity. Speakers: Dominic (DJ) Merino, General Counsel at Supplier. io Lisa Whaley Morris, VP, Strategic Alliances and Programs at the National Minority Supplier Development Council (NMSDCHQ) Daniel Dorr, VP of Marketing at Supplier. io To view the recording of the webinar, please complete the following form. hbspt. forms. create({ region: "na1", portalId: "371945", formId: "d020947d-a86e-4dd4-b961-77056b9612ad" }); --- ### ESG: The Key to a Sustainable Supply Chain Did you know that sustainable procurement practices result in improved brand equity by 30%? Sustainable procurement isn't just about doing good – it's about doing good business! You hold a unique and powerful position within your company and can transform supply chain from a cost center into a powerful value generator. Download this guide and unlock the strategic potential of a values-driven supply chain! hbspt. forms. create({region: "na1",portalId: "371945",formId: "8a0fb89b-4740-4003-a044-76985b153ecb"});89% of investors consider ESG when making investment choices 76% of consumers cease buying from firms that neglect sustainability 60% ESG procurement practices can combat operating expenses by 60% JOIN SOME OF THE BEST IN RESPONSIBLE SOURCING Reduce cost Improve brand reputation Minimize risk Lower environmental impact Increase responsible sourcing 5 Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone:708. 236. 2000 --- ### Better Data, Better Opportunities Connect with your ideal diverse and sustainable suppliers in just a click! Preferred supply chain platform of world-class fortune 100 companies Unlock new opportunities by comparing your program against real spend data from over $2T in spend across 400+ companies Unlock the hidden insights of Your data and go beyond basic analysis The Largest and Most Accurate Diverse Supplier Database In 60 seconds, see how we can help you We empower you and your data to help you thrive! TRUSTED IN RESPONSIBLE SOURCING BY THESE AND OVER 800 MORE FORTUNE 100 COMPANIES 6M+ Diverse and sustainable suppliers globally 11K New responsible suppliers added monthly Fortune 100 Preferred procurement platform “While talking with other members of NMSDC and WBENC about their own paths toward supplier diversity, Supplier. io came up as a valuable resource. ” Spiros Kallinikos Senior Analyst at JetBlue Get in touch with us by completing this form, and start enhancing your program today! 5 Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone:708. 236. 2000 --- ### Sourcing a Supplier? Make sure they are diverse! Find the diverse suppliers you need from a 6M+ database Supplier. io has the largest and most accurate database of diverse and sustainable suppliers, making it easy for anyone in your organization to find, vet, and onboard the supplier you need. In 60 seconds, see how we can help you TRUSTED IN RESPONSIBLE SOURCING BY THESE AND OVER 800 MORE FORTUNE 100 COMPANIES 6M+ Diverse suppliers 11K New responsible suppliers added monthly Fortune 100 Preferred procurement platform “While talking with other members of NMSDC and WBENC about their own paths toward supplier diversity, Supplier. io came up as a valuable resource. ” Spiros Kallinikos Senior Analyst at JetBlue Complete this form and find millions of diverse suppliers at the click of a button. Download our Best Practices for Finding Diverse Suppliers eBook. 5 Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone:708. 236. 2000 --- ### Struggling with Data Inaccuracy? Enrich your data with the largest and most accurate diverse supplier database. The impact of bad data goes beyond false results and missing diverse suppliers. It could also mean lost business, failed audits, and more. That’s where we came in! Our easy platform ensures you have access to the latest and greatest data enrichment combined with insightful analytics and reporting in just a click. The result? An instant boost to your program. We are the preferred choice for Fortune 100 companies. Need proof? We have it! TRUSTED IN RESPONSIBLE SOURCING BY THESE AND OVER 800 MORE FORTUNE 100 COMPANIES 73% Time savings on reporting 400+ A mix of AI & people make up 400+ trusted sources we use to ensure the best quality data and reporting 2K Quickly enrich up to 2,000 supplier records “While talking with other members of NMSDC and WBENC about their own paths toward supplier diversity, Supplier. io came up as a valuable resource. ” Spiros Kallinikos Senior Analyst at JetBlue Complete this form and start your enrichment now. 5 Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone:708. 236. 2000 --- ### How a Global HR Provider Transformed Its Supplier Diversity Program to Win RFPs and Drive Growth Data availability and accuracy are critical to a successful supplier diversity program, but this global organization struggled with inefficiencies and data inaccuracies. They needed to revitalize the program quickly because, in addition to using diverse suppliers internally, the organization also helps find diverse suppliers as a service to their customers. So, they brought in a new Global Supplier Diversity Manager with a clear mandate to transform the program. The new hire had a proven success record in this area after implementing Supplier. io at his previous company. The platform was just what was needed to transform supplier diversity at the organization. With a new manager at the helm and Supplier. io as the program’s backbone, the company was ready to take its supplier diversity program to the next level. The Challenge: Inaccurate, Unavailable Data Upon joining, the Global Supplier Diversity Manager inherited a supplier diversity system full of inaccurate data that required pulling in team members from other teams to help manually validate more than 3,500 records. He immediately knew the supplier diversity program was inefficient and not set up for success. Reporting was also difficult because there was no centrally available data. Reports had to be assembled and delivered to stakeholders on a case-by-case basis. The Solution: Supplier. io Recognizing the need for improved supplier diversity reporting, the Global Supplier Diversity Manager integrated Supplier. io into the organization’s supplier diversity program. Within six months, Supplier. io revolutionized the company’s supplier data verification process. As a result, eight team members were free to focus on strategic initiatives, saving hundreds of thousands of dollars. The reporting transformation was equally as impressive, with the organization now capable of providing reports to 60 internal stakeholder groups, up from the previous 15. They plan to soon increase that number to 100. Winning the RFP Game Supplier diversity, which had never set them apart before in requests for proposals (RFPs), became a decisive factor for the organization—helping them win business. The enhanced reporting capabilities provided a strategic edge, showcasing the supplier diversity program’s service offerings and support for clients. “The data is so much more accurate. We show how we internally develop our champions and get visibility all the way to our CEO on the momentum of our spend with clients. ” In other words, the manager said, “We can show that we’re doing things our competitors aren’t even trying. ” The bottom line is that “ is actually winning RFPs over our competitors because of the way we report supplier diversity. ” The team’s RFP responses are so impressive that prospective clients often reach out after the RFP process. “About 75% of the RFPs, when they see the type of reporting that we're doing, they ask us for help building their supplier diversity programs. ” Winning with Accurate Data Supplier. io’s robust data empowers the company to present accurate supplier diversity insights. “Supplier. io tremendously supports the accuracy of our data. I never say it’s at 100%, because suppliers change their classification quickly. But... --- ### Supplier.io Releases Winning Strategies of Top-Performing Supplier Diversity Programs for 2024 “Whether it’s emerging regulations or the growing demand for reducing risk, supply chain is in the spotlight. Supplier diversity programs play a critical role in enhancing supply chain competitiveness amid these challenges,” said Aylin Basom, CEO of Supplier. io. “With business decisions and investment dollars being allocated based on program performance, companies can’t afford to neglect it – especially when 20% of companies with the highest diverse spend outperform industry peers by 2 - 3 times. Supplier. io is proud to help top performers leverage supplier diversity as a conduit for tangible business success, and we look forward to helping other companies by sharing these timely best practices. ” The report features data, best practices, and actionable steps from top performers in supplier diversity, which were selected from 403 companies across 15 industries with a combined $2. 6 trillion in spend data. Based on over 200 survey responses and 30 in-depth interviews, the analysis highlights the top five best practices for procurement and supplier diversity leaders to master for success in the coming year, including: Ensure Accurate Data: Leaders say self-reported data could be as much as 50% inaccurate – failing to accurately identify diverse suppliers, which may under-represent the success of programs by up to 20%. Top performers are ensuring accurate data through certifications, third-party data, central dashboards, and more. Partner with Business Counterparts: Accountability and cross-functionality are the cornerstones of successful programs. Top performers share results strategically across the business, connecting supplier diversity to key company objectives such as cost, innovation, brand, talent retention, and growth. In fact, 45% use their supplier diversity program to help with new business and RFPs. Expanding ESG Reporting: The increasing impact of ESG regulations highlights the imperative of heightened transparency in supply chains. 49% of leaders are proactively seeking ESG reporting to align with impending regulatory requirements – and supplier diversity programs are a central force in discerning the environmental, sustainable, social, carbon, and governance dimensions of suppliers. Supplier. io will discuss the findings, insights, and strategies with several top performers throughout a webinar series titled Supplier Diversity Best Practices beginning February 1. Access the complete Supplier Diversity Best Practices for 2024 Report for more insights and best practices to strengthen your supplier diversity program results today. Visit www. supplier. io to register for the Best Practices webinar series. To learn more about how Supplier. io can demonstrate your program's impact on the communities you serve, visit www. supplier. io and request a complimentary demo today. About Supplier. io Supplier. io is the market-leading SaaS provider of supplier diversity and ESG data and management solutions. The platform enables organizations to track and manage responsible sourcing, providing valuable data and insights that drive business growth, and the ability to measure social, economic, and environmental impact. Equipped with unparalleled data intelligence, superior technology, and expert guidance, Supplier. io’s customers can establish and advance their supplier diversity and ESG initiatives effectively and strategically. For more information, visit www. supplier. io. --- ### Millions of Diverse Suppliers at Your Fingertips Finding credible new, diverse suppliers is the biggest challenge for 75% of organizations. That’s where we come in! We provide: The most enriched and accurate list of diverse suppliers Quick and easy tools to save time, increase spending, and improve reporting! The Largest and Most Accurate Diverse Supplier Database Discover the accuracy of your data TRUSTED IN RESPONSIBLE SOURCING BY THESE AND OVER 800 MORE FORTUNE 100 COMPANIES 6M+ Diverse and sustainable suppliers globally 11K New responsible suppliers added monthly 73% Less reporting time “While talking with other members of NMSDC and WBENC about their own paths toward supplier diversity, Supplier. io came up as a valuable resource. ” Spiros Kallinikos Senior Analyst at JetBlue Supply chain visibility software made easy, just complete this form. 5 Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone:708. 236. 2000 --- ### Maximize Supplier Diversity Program Impact with Data-Driven Strategies Leverage Data at the Business Unit Level Best-in-class companies like M&T Bank and Capital Group distinguish themselves by leveraging data as a powerful tool. Mapping detailed data to individual business units or locations allows organizations to paint a more accurate picture of the supplier diversity ecosystem that becomes both real and relevant to the business. Additionally, top-performing companies integrate supplier diversity metrics into business unit dashboards and set specific targets, goals, and forecasts to ensure accountability. They also use this data to provide constructive feedback. Not every business unit will have the same goal, so it's important to set realistically quantifiable goals based on available data. Supplier. io's market analyzer gives you data on supplier diversity spend areas. Simply input a commodity such as construction and receive a detailed breakdown of diverse suppliers in that category. The tool provides information on diversity categories, business size, location, and revenue. By leveraging this data, companies can better determine their targets and goals and improve supplier diversity initiatives. Be Proactive Supplier diversity top performers adopt a proactive stance and integrate diverse suppliers early on in their decision-making processes. When new commercial offerings are WORD, these organizations are already thinking about what suppliers can help make the new offerings successful. Successful supplier diversity programs also engage in category planning with procurement and the business 18-36 months ahead of projects to ensure diverse suppliers are considered early in the process. Take a page out of Ford’s book and make it easier to have diverse suppliers on deck by building a list of prequalified suppliers. Create your list with a supplier registration portal and design questions like whether the supplier is a reseller or what customers they currently serve to vet suppliers and gain intelligence. The goal is to have a deep bench of diverse suppliers capable of meeting your organization’s requirements. The more preparation you do upfront with diverse suppliers, the easier it becomes to grow the supplier diversity program. Connect to the Business and Collaborate Lessons from supplier diversity leaders emphasize a shift from merely checking a compliance box to tying supplier diversity directly to the organization's values. These leaders secure a seat at the table, find advocates in the business, and build relationships with leaders outside of finance and procurement. Scaling the program across teams and maintaining communication ensures supplier diversity is a collaborative effort that serves both the company and the suppliers. Measure ROI Beyond the Organization As you build a supplier diversity program, it’s important to look beyond your organization to the impact of your program on the communities in which you operate. Generate an economic impact assessment to measure how many jobs you created, your tax impact, and the wages earned. These assessments help you celebrate wins internally and externally, and you can use this data to showcase your program’s positive community contributions. Conclusion Supplier diversity leaders achieve best-in-class results by embracing a data-driven approach that transcends compliance and drives collaboration. These strategies provide a roadmap for others to follow,... --- ### [Test] Best Practices for 2024 Webinar Series Supplier Diversity Excellence Certification: Your Roadmap to Success Our exclusive supplier diversity five-part webinar series was built to help you navigate procurement challenges and opportunities, and to provide you with some of the most important tools to thrive. At the end of these five sessions, you’ll have everything you need to improve your program. You’ll also get a “Supplier Diversity Excellence” certification, that you can share with your network and company to demonstrate your commitment and continued education. You really can’t miss this conversation! We’ll share supporting materials via email so you can assess your program during our sessions and bring your questions to our experts. If you can’t attend all live sessions, no problem. We’ll send you a link and you can watch the discussion at your leisure. See you and your peers there! Sign up and learn quick wins that will have a huge impact on your program. Spots are limited, register Now! hbspt. forms. create({ region: "na1", portalId: "371945", formId: "cd505723-c068-4b4b-ac8f-bb4670cef707" });Hear from procurement super stars, including: 2/1 Constellation Energy: Andre Wallace, VP of Business Diversity, is an organizational change expert who will share how supplier diversity can be a competitive edge and specific behaviors that drive success. 2/8 Supplier. io: DJ Merino, legal counsel, will review the legal challenges supplier diversity programs face and how organizations are winning in the courts. 2/15 US Cellular: Chris Cooley, Supplier Diversity Manager, will join Chuck Hendrix, VP of Member Engagement at WBENC, to talk about actionable insights to bring value and a new life to your program. 2/22 Enterprise: Dwayne Norris, Supplier Diversity Manager, will talk about working with business unit and executive leadership teams to articulate progress and ensure success. 2/29 The Hackett Group: Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, will bring it all together with some powerful stats, key tips and tricks for success in 2024. Westbrook Corporate CenterSuite 920Westchester, IL 60154 Phone: 708. 236. 2000 © 2024 Supplier. io | Privacy Policy | Terms of UseDo not sell my personal information --- ### Empowering Leadership: Essential Supplier Diversity Metrics for Success This shift reflects a growing awareness among leadership of the strategic and competitive advantages of supplier diversity. With upper management becoming more engaged with their organization’s supplier diversity initiatives, understanding the key metrics supplier diversity leaders need to know is critical to the growth of your supplier diversity program. Let’s explore what data your leaders are looking for and why. What Data Supplier Diversity Leaders Want and Need If you are just starting to gather data on your supplier diversity program, there are some baseline metrics you will want to capture. Supplier Diversity Spend: This is the total amount you spend with diverse suppliers and a foundational metric that reflects your organization’s commitment to supplier diversity. Supplier Diversity Spend as a % of Total Company Spend: This metric provides additional context to your supplier diversity spend, showing the proportion of overall expenditure dedicated to diverse suppliers. # of Diverse Suppliers: This simple metric showcases the breadth and depth of your supplier diversity program. # of Diverse Suppliers as a % of Total Suppliers: While your number of diverse suppliers may be high, if they only account for a small percentage of your total suppliers, your supplier diversity program may not be as robust as you hoped. Beyond standard metrics, leaders like to see a blend of data and stories, including responses to requests for proposals, supplier diversity wins, and the alignment of supplier diversity with broader organizational values that contribute to a more inclusive corporate culture. You should also use industry benchmarks to set program goals, track results against those goals, measure the data you collect over time, and compare metrics year over year. If possible, drill down to business unit specifics, illustrating the impact of supplier diversity at a granular level. Mature Supplier Diversity Programs Demand Mature Metrics As your supplier diversity program grows and you become more mature in your supplier diversity metrics reporting, you should explore more detailed metrics to showcase the success of your program to leadership. One example of a more mature metric is the performance of your diverse suppliers. It’s important not to treat diverse suppliers differently from our non-diverse suppliers; we have to expect performance from them, just like non-diverse suppliers. Other metrics to consider include the impact of supplier diversity efforts on the growth of the organizations and sales, the impact of your diverse supplier efforts on the economies in which you operate—tax generated and jobs created, and the individual success of your diverse suppliers—have they been more successful since becoming part of your business ecosystem? Why Does Leadership Need Supplier Diversity Metrics? Providing internal leadership with supplier diversity metrics will showcase the value of your supplier diversity program. Internal leadership can use these metrics to highlight how supplier diversity drives organizational success, helps build a positive brand image, and mitigates risks. Supplier diversity is recognized as a value driver across organizations, and leadership knows that a more diverse supplier base protects stakeholder interests because it contributes to innovation, resilience, and long-term... --- ### A Data-Driven Approach to Scope 3 GHG Measurements and Action This was the focus of a recent Supplier. io webinar titled: Better Scope 3 Data and Tackling the Net Zero Challenge. Where to start While your supply chain may hold the biggest opportunity for reducing greenhouse gases, it’s also the biggest challenge. This data on Scope 3 carbon emissions doesn’t sit within the walls of your organization. Now you have to rely on the data and collaboration with potentially thousands of suppliers. And that has already proven challenging.   “Supplier sustainability data that you need is very fragmented across various providers and data sources. ” Said Aylin Basom, CEO of Supplier. io. “This makes it very hard for organizations to track and know the real impact of their suppliers and supply chain. ” But it doesn’t have to be. There are a few simple ways you can start immediately and then layer in more data and details as your program matures and as you better identify possible risks. Similar to what we’ve seen working with supplier diversity, getting a baseline for Scope 3 GHG is the necessary first step. But pulling that data together may seem impossible. “We struggle to get suppliers to provide this information. ” Commented one webinar attendee. “Maybe we need to re-write our contracts? ” Turning to contracts is a common approach, but there are other ways to start that sit within your control and data today. Starting with Spend To address this challenge, companies are increasingly turning to spend-based reporting approaches, which consider the carbon footprint associated with purchased goods and services. This methodology offers a holistic view of emissions based on the data you already have. In this approach you start with dollars spent on specific goods and services by your company and based on industry standards, estimate the likely carbon emitted from them. So the purchase of air travel will have a different carbon footprint from buying office supplies or business services.   One of the primary advantages of a spend-based approach is its ability to provide a holistic measurement of an organization's carbon footprint. You have easy access to your spend data and it provides standard analysis across business units as well as industry peers. By considering the entire value chain, you can gain a comprehensive understanding of your indirect emissions. This broader perspective enables more informed decision-making and targeted emissions reduction strategies. Adding supplier specific data Once you have a standard baseline across all your suppliers, you can start to layer in more supplier specific details. You don’t want to treat an Eco Vadis certified supplier the same as one that is not certified. Two suppliers with different CDP scores should be estimated differently. By pulling in publicly available information you’re able to fine tune your spend estimates without the difficulty of getting all your suppliers to report their specific GHG emissions.   Identifying Hotspots and Opportunities Spend-based tracking is one great approach to help you identify emission hotspots and opportunities for improvement within the supply chain. By analyzing spending patterns,... --- ### 3 Supplier Diversity Resolutions Prepare for economic headwinds 2024 is set to be another year of economic uncertainty. As inflation and interest rates continue to be a challenge, companies will be finding ways to tighten their budgets, and your program needs to continue to grow and demonstrate its value. The best way to protect your program is with clear, strong metrics. When your executives ask about your progress, they’ll expect more than just talk. They’ll need to see hard data to determine if you’re achieving your goals, and if those goals are aligned with the company’s overall plans. If you’re not sure what specific goals your program should be striving for, benchmarking against your peers is a great place to start. Our Benchmarking tool analyzed $1. 4T in real spend across 466 companies, so you can get an idea of where you should focus your efforts this year. Automated reporting methods like Supplier. io’s Diversity Analytics & Reporting Diversity Analytics & Reporting is the best way to make sure the data you bring to the boardroom is the most up-to-date and accurate, so your leadership team can see that your program is worth investing in even in tight economic times. But before presenting your numbers, consider what is going to be important to your organization this year. Supply chain risk and costs will likely be bigger themes than ever. Reduce supply chain risks Supply chain disruptions look like they will still loom large in 2023. As the war in Ukraine continues into the New Year, we’re reminded that a diverse supply chain is a resilient supply chain. One scalable way to add more diverse suppliers is leveraging a database like Supplier. io’s Supplier Explorer. Determine what the most vital areas of your company are and set up time to talk with those buyers about adding diverse suppliers to any upcoming RFPs. Our Supplier Explorer tool allows anyone in your organization to access our comprehensive database, so your entire team can be empowered to secure your supply chain. If you haven’t benchmarked against your peers, now is the time to do it. Supplier Diversity Benchmarking is a fantastic tool for keeping a pulse on where your industry is spending with diverse businesses. Comparing your spend to your peers can help you as you strategize where to focus your efforts in 2023 and find what opportunities for spend will lead to the most growth within your program. Work smarter, not harder Manual processes that are prone to error continue to hold many programs back from reaching their full potential. With 2023 set to continue the trend of economic headwinds, having the right processes could be the difference between your program thriving or your budget being slashed. You may have diverse suppliers in your current supply chain that can give an instant boost to your spend. Enriching your data with a trusted external database can help you discover your current spend with ease without having each of your suppliers individually submit their diversity data. Determine what the... --- ### 4 Guidelines for Supplier Diversity in 2024 But what will 2024 look like for supplier diversity programs globally? We’ve surveyed the industry, looked at the data, and spoken with our customers. Here are three trends you can look out for in the year ahead. Continued improvements to data and systems Supplier diversity drove huge improvements in data and systems in 2023. An important truth became apparent: The quality of your supplier diversity program is only as good as the data and metrics you use to measure growth. When supplier diversity leaders were asked about the biggest improvements to their programs in 2023, their top two responses were related to data and systems integration. In fact, tracking and reporting metrics was the top priority of supplier diversity leaders, with 67% reporting that they’re now relying on third-party data providers to ensure accuracy. This is now the number one tool leaders turn to, up from number three in 2022. We expect to see a continued focus on data and systems integration, especially as more leaders infuse supplier diversity into the fabric of procurement and how the company operates. There’s also a strong relationship between supplier diversity leaders and their ESG counterparts that we expect to continue next year. Last year, some leaders saw ESG programs as possible competition that might pull valuable resources away from diversity programs. As it turns out, supplier diversity leaders now see their ESG counterparts as a positive partner (55%). On top of that, 38% of leaders are now responsible for reporting on both supplier diversity and sustainability. Expect this trend to continue as both programs require accurate data and supply chain transparency. Going beyond spend metrics With more emphasis on systems integration and accurate data, supplier diversity metrics and reporting are evolving. Today, 86% of organizations use “dollars spent with diverse suppliers” and 80% use “spend with diverse suppliers as a percent of total spend” to measure the success of their program. But overall spend data only tells a portion of that story. Metrics and measures will continue to evolve as supplier diversity becomes fused with the business and included in more ESG reports. Some simple improvements might include tracking the number of diverse suppliers beyond just the spend.   For example, leaders today measure supplier diversity spend down to the business unit and location level. Some go a step further and measure the actual economic impact of their program on the communities they serve including jobs, wages, taxes and more. Sixteen percent of organizations plan to be more public about their supplier diversity programs, understanding the potential impact it can have on their brands, sales, and hiring. Leading supplier diversity programs are looking into more ways they can measure this impact by partnering with their marketing counterparts on NPS (Net Promoter Score) surveys, as well as tracking RFP wins that include supplier diversity. Going beyond supplier diversity In 2022 many supplier diversity leaders were concerned that increased focus on growing environmental regulations would shift attention away from their programs to support ESG and... --- ### Supplier.io Recognizes Supply Chain Diversity Leaders for Commitment to Small and Diverse Spend "Responsible sourcing is a competitive differentiator, which is why 97% of enterprise executives continue to support supplier diversity programs,” said Aylin Basom, CEO of Supplier. io. “By investing in small and diverse suppliers, companies are not only fostering innovation and enhancing their supply chain competitiveness, but also effectively reducing risks and costs. Most importantly, it enables businesses to support their communities and fuel economic growth. Our Supply Chain Diversity Excellence Award is a recognition of the organizations that demonstrate significant commitment to enriching the global marketplace through inclusive procurement strategies. ” The companies within Supplier. io’s 2023 Economic Impact report – including the Supply Chain Diversity Leaders – collectively generated over 1. 3 million jobs, $104 billion in income, and $31. 4 billion in tax revenue to the global economy through small and diverse spend last year. Inaugural Supply Chain Diversity Leaders in each Economic Empowerment level include: 50K+ Jobs: Comcast, HealthTrust Performance Group, RTX. 20K+ Jobs: CVS Health, Cummins, UPS, Westrock. 10K+ Jobs: ABM Industries Incorporated, Baxter, Booz Allen, Delta Airlines, Honeywell, International Paper, Kraft Heinz, Lowes, Marathon Petroleum Corporation, Medline, National Grid, Northwell Health, Randstad, UnitedHealth Group. Supplier. io data shows Minority-Owned, Women-Owned, and Veteran-Owned businesses are among the fastest-growing segments for job creation. The professional, scientific, and technical services industry supported the most job growth, with $35. 7 billion in spend to support over 200K jobs. Lastly, California is the leader in supplier diversity, generating the most jobs, wages, and tax revenue, followed by Texas, New York, and New Jersey. To view the 2023 Economic Impact report, visit www. supplier. io/resources/reports/2023-economic-impact-report. To learn more about how Supplier. io can demonstrate your program's impact on the communities you serve, visit www. supplier. io and request a complimentary demo today. About Supplier. io Supplier. io is the market-leading SaaS provider of supplier diversity and ESG data and management solutions. The platform enables organizations to track and manage responsible sourcing, providing valuable data and insights that drive business growth, and the ability to measure social, economic, and environmental impact. Equipped with unparalleled data intelligence, superior technology, and expert guidance, Supplier. io’s customers can establish and advance their supplier diversity and ESG initiatives effectively and strategically. For more information, visit www. supplier. io. --- ### Better Scope 3 Data and Tackling the Net Zero Challenge Tackling Net Zero but struggling with high quality Scope 3 GHG and other data? Supplier. io can now help. While companies want to improve their impact on the environment, many struggle with data fragmentation, availability, and accuracy across the supply chain. Leading Procurement teams are stepping up and using a variety of tools to measure supplier impact, gather data, and target their highest risk suppliers. They agree that standing still isn’t an option, and now is the time to act. That may seem daunting, but it doesn’t have to be. In this session we’ll cover some of the challenges with getting to Net Zero including Scope 3 reporting, how leading organizations are taking action today, and how Supplier. io can help. Topics covered will include: Overview of Scope 3 GHG measurements Challenges with accurate, actionable data How some procurement leaders are responding Tools and techniques top performers are using Supplier. io solutions that can help Learn how you can leverage new technologies and ways of working with your supply chain to ensure you’re getting high-quality Scope 3 GHG data with the right amount of details and effort to meet your goals. Speakers: Aylin Basom, CEO of Supplier. io Valerie Tardif, VP of Product at Supplier. io Daniel Dorr, VP of Marketing at Supplier. io Watch now --- ### Supplier Diversity and ESG in 2024 What will 2024 look like and how do ESG and supplier diversity leaders need to prepare? Join Supplier. io and The Hackett Group for this exclusive webinar to find out.   Both teams have pulled the data and surveyed company leaders to understand what to expect for the coming year. As we hear continued economic and cost concerns from procurement leaders, ESG and supplier diversity leaders need to have a plan for how they can continue to operate and thrive. Join Aylin Basom, CEO of Supplier. io and Chris Sawchuk, Principal, Global Practice Leader of The Hackett Group as they discuss:  Recent data on key issues for procurement leaders  Potential impacts of the economy, politics, and costs  Focus areas for ESG and supplier diversity leaders such as data and systems  Going beyond spend metrics in measuring and tracking success  Making supplier diversity work outside the US with more global growth Speakers:  Aylin Basom, CEO of Supplier. io Chris Sawchuk, Principal, Global Practice Leader of The Hackett Group  Daniel Dorr, VP of Marketing at Supplier. io  Watch now --- ### 2023 Supplier.io Economic Impact Report --- ### Supplier.io Named a Fastest-Growing Company on 2023 Deloitte Technology Fast 500™ Supplier. io grew significantly throughout 2019 - 2022 as a result of record demand for companies to create diverse, sustainable supply chains amid emerging regulations, investor pressure, and the fight against climate change. "As we navigate an era where supply chain agility equals competitive edge, Supplier. io stands at the forefront, not just fueling growth but revolutionizing resilience," said Aylin Basom, CEO of Supplier. io. "Our significant revenue growth is a clear indicator of the critical role we play in enhancing supply chain competitiveness, reducing risk to ensure continuity, and elevating transparency. By addressing the pervasive challenge of supplier data fragmentation, we empower our clients with the comprehensive solution and data needed for accurate ESG reporting and support them in achieving their NetZero and diverse spend objectives. Being named on the Deloitte Technology Fast 500™ as one of the fastest growing companies in North America, validates our strategy and propels us forward on our journey to reshape the global supply chain for the better. “ “Each year I look forward to reviewing the progress and innovations of our Technology Fast 500 winners as these companies truly demonstrate how important new ideas are to progressing our society and the world, especially during difficult times,” said Paul Silverglate, vice chair, Deloitte LLP and U. S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, I’m encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success. ” “As a growing company, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500 we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor. ” Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%. About the 2023 Deloitte Technology Fast 500 Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at... --- ### Supplier.io Partners with impak Analytics to Elevate Supply Chain Visibility and Sustainability The collaboration represents Supplier. io's unwavering commitment to innovation and investment in ESG, offering businesses a complete supplier assessment that includes 61 assessment indicators across eight categories, including environmental, social and governance as well as Sustainable Development Goals themes, all collected and aligned with the SFDR regulation, UN SDGs and market best practices. This in-depth assessment will complement the existing supplier data, certification, and registration information Supplier. io already provides for deeper supply chain visibility, improved supplier engagement, and bottom-line impact. “Our mission is to become a world leader in providing innovative SaaS solutions for transparent and responsible sourcing within the global supply chain. At the core of our mission is the aim of connecting buyers to diverse and sustainable suppliers, empowering businesses with unparalleled insights into supplier diversity and ESG data,” said Aylin Basom, CEO of Supplier. io. “Now through our strategic partnership with impak Analytics, we are strengthening our offering with industry-standard analysis that provides a new level of insight, providing more robustness, precision and transparency in analyzing the risks in global supply chains. As the global emphasis on sustainability continues to grow, we understand the importance of continuing to invest in our offerings to help our clients make sustainable choices. " Paul Allard, CEO of impak Analytics expressed his enthusiasm for the partnership, stating, "impak Analytics supports corporations in making more sustainable-oriented decisions by providing the most rigorous impact data and intelligence, focused on long-term risk management and opportunities. Partnering with Supplier. io, an established leader in sustainable supply chains, allows us to merge our strengths and present an unmatched view of supplier ESG performance. This partnership reinforces our shared commitment to help businesses become more sustainable, responsible entities. ” Through Supplier. io’s comprehensive platform powered by market’s largest and most comprehensive database of certified sustainable, social and diverse suppliers; organizations have increased supply chain competitiveness and visibility, accurate ESG reporting, ability to find alternative sourcing options, access to detailed supplier insights, reduced risk and ensured continuity. To learn more about how Supplier. io can streamline, elevate, and improve your supply chain sustainability and diversity program, visit www. supplier. io and request a complimentary demo today. About Supplier. io Supplier. io is the market-leading SaaS provider of supplier diversity and ESG data and management solutions. The platform enables organizations to track and manage responsible sourcing, providing valuable data and insights that drive business growth, and the ability to measure social, economic, and environmental impact. Equipped with unparalleled data intelligence, superior technology, and expert guidance, Supplier. io’s customers can establish and advance their supplier diversity and ESG initiatives effectively and strategically. For more information, visit www. supplier. io. About impak Analytics impak Analytics is a AI-based fintech headquartered in Montreal with offices in Paris and London that has built impak AnalyticsTM, an impact assessment, scoring and rating solution based on leading international standards, notably the Impact Management Platform (that includes GRI, SASB, Iris+, PRI, etc. ), the United Nations 17 Sustainable Development Goals and regulatory requirements such as... --- ### Know your Sustainable Spend to Grow it – Here’s How Maximizing supply chain sustainability requires procurement teams to properly manage and analyze their spend and supplier data. That goes beyond just knowing how much you spend in general, but also identifying which of your suppliers are making sustainability improvements and those that aren’t. But that’s easier said than done. The most common scenario: Suppliers take different routes to improving their sustainability requiring you to gather data from potentially multiple agencies. Some suppliers are investing in EcoVadis certification while others are working hard on improving their CDP score. Accurately assessing your suppliers and their various sustainability certifications can be difficult.   Despite the inherent challenges, knowing and reporting on ESG spend is no longer optional. Here’s what you need to know about maximizing your sustainability data and how to get started. Procurement Runs on (Buried, Fragmented) Data Procurement teams require reliable supplier data to effectively drive ESG spend initiatives. They need complete visibility into certifications, ratings, scores and capabilities for the supplier base to identify risks and opportunities for improvement. Data you can trust is essential in order to drive regulatory compliance, build investor confidence, scale ESG initiatives, and grow related spend. However, common challenges make it difficult for procurement teams to put this data to work. Many leaders can’t ask what they don’t know. Pull your Data Together For starters, spend data is often fragmented – within procurement systems (e. g. , ERP and spreadsheets), within business units (e. g. , accounts payable and supply chain), and with the suppliers themselves. Procurement teams can leverage solutions that consolidate this data into a central location to manage and analyze it. The same is true for managing supplier sustainability data, such as assessments, certifications, scores, and surveys. Amidst a very fragmented ESG assessment and certification market, there are hundreds of these for procurement teams to collect, manage, and evaluate for their supplier base. Like managing spend data, procurement can get overwhelmed trying to apply the same rigor to their supplier certification data, which would enable them to classify their suppliers by their sustainability status. Benchmark your Sustainable Spend Data “Sustainable supplier” refers to a business that intentionally and consistently upholds environmental and social standards across its value chain. Thus, “sustainable spend” refers to the dollar and percentage of a company’s spend it allocates with sustainable suppliers. After all, it’s one thing to say you’re supporting sustainable businesses; it’s quite another to prove it. And for many procurement teams, that’s a big challenge and an obstacle for greater success. To start, baseline your percentage of spend with sustainable suppliers – including Tier-2 spend. The business world speaks in terms of dollars and spend – and actual spend data is more accurate than forecasted spend. Knowing your current sustainable spend, in raw dollars and as a percentage of total spend, will help you set goals, or determine whether you’re compliant with a government contracting regulation. Let the Data Tell its Story Next, focus on ascertaining your supply chain’s environmental impact, including greenhouse gas (GHG)... --- ### Getting your supplier diversity metrics board ready The 2023 State of Supplier Diversity report clearly demonstrated that executive support and interest in supplier diversity has held strong, data is taking center stage in programs and politics and the economy are not slowing programs down.   This means it is time to review your metrics and ensure that you’re taking a data driven approach to your program that goes beyond just measuring your total diverse spend. It’s time to shift your focus to analyzing opportunities and holding business unit leaders accountable with actionable and reliable data you all can trust to grow your program.   Join Aylin Basom, CEO of Supplier. io and Chris Sawchuk, Principal, Global Practice Leader of The Hackett Group as they discuss:  What data your senior leaders and board want to see from supplier diversity leaders  Why they want that data and how they are leveraging the information  What they expect of your program  Common pitfalls in supplier diversity data to avoid  How you can build a data driven program that your executives will invest in, and your procurement peers will thank you for  Watch Now --- ### ESG and supply chain sustainability data Looking for an easy way to add ESG and sustainability reporting to your procurement processes? Supplier. io can now help. With new regulations and investment decisions requiring more and better ESG data, Supplier. io has responded with new data and solutions. Procurement teams have a critical role to play in the environmental and social impact of companies today. To play this role, procurement teams need to provide meaningful and transparent supply chain data. That may seem daunting, but it doesn’t have to be. In this session we’ll cover some of the drivers for ESG and sustainability reporting, how leading organizations are taking action today, and how Supplier. io can help. Topics covered will include:  Industry drivers for ESG The critical role of procurement Data and sources available  How some procurement leaders are responding  Supplier. io solutions that can help  Learn how you can leverage new technologies and ways of working with your supply chain to ensure you’re getting high-quality environmental and social data that’s accurate and stands to scrutiny.   Please join us. Date: Oct. 31, 2023 Time: 2pm ET/ 11am PT  Speakers:  Aylin Basom, CEO of Supplier. io  Valerie Tardif, VP of Product at Supplier. io  Daniel Dorr, VP of Marketing at Supplier. io  Watch now --- ### Supplier.io is Selected for 2023 Spend Matters ‘50 Providers to Know’ List “Supplier. io specializes in supplier diversity, providing a database of diverse suppliers, easy-to-use software, and expert staff with years of supplier diversity program experience,” said Bertrand Maltaverne, Senior Analyst for Spend Matters. “It includes extensive supplier data (certified diverse supplier data, portals, market analysis, etc. ), and reporting on the economic impact of a client's supplier diversity program on job creation, wage creation, and tax benefits. Several solutions integrate with Supplier. io to provide diversity discovery capabilities. " The recognition underscores Supplier. io's commitment to fostering ESG and supplier diversity for more resilient supply chains. With the world’s largest database of diverse and sustainable suppliers and an easy-to-use platform, customers are able to gain visibility into their supply chain and better manage their responsible spend. Robust reporting capabilities enable executive and procurement teams to analyze responsible spend, track sustainability and diversity initiative success, and showcase the positive impact they are having on communities and environment. "In today's dynamic business landscape, the tangible benefits of sustainable and diverse spending have become increasingly evident. We're witnessing not only a reduction in operational costs but also an enhancement in supply chain competitiveness and resilience," said Aylin Basom, CEO of Supplier. io. "Being recognized by Spend Matters underscores the urgency and importance of integrating comprehensive solution that facilitate responsible spending. We are not just honored but also invigorated to meet this need. Our dedicated team at Supplier. io is committed to empowering businesses to weave sustainability and diversity seamlessly into their foundational strategies, driving both economic and social value. " Each year the ‘50 Providers to Know’ list recognizes the best-in-class companies in the procurement and supply chain market. These are firms you need to know; they lead the charge on new procurement technologies and services, setting the industry standard. Vendors listed are independently selected by the analyst team over multiple rounds of debate, focusing on factors such as innovation, market presence, tech competency, and solution delivery. Today, over 750 companies - including over 50% of the Fortune 100 - rely on Supplier. io to drive their ESG and supplier diversity initiatives. As businesses around the world grapple with the challenge of integrating sustainability and diversity into their operations, Supplier. io’s proven approach to responsible sourcing ensures that businesses have a proven and reliable partner to fuel the success of their programs. To learn more about how Supplier. io can streamline, elevate, and improve your supply chain sustainability and diversity initiative, visit www. supplier. io and request a complimentary demo today. About Spend Matters Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors, and solution providers alike as their procurement technology intelligence partner. About Supplier. io Supplier. io is the market-leading SaaS provider of supplier diversity and ESG data and management solutions. The platform enables organizations to track and manage responsible sourcing, providing valuable data and... --- ---