Report

How Supplier Diversity Programs are Evolving to Support Alternate Sourcing

Procurement leaders face increasing pressure to manage risk, reduce volatility, and drive measurable impact. Luckily, supplier diversity programs have been proven to reduce cost and risks by sourcing more with small, local, and diverse suppliers.

Supplier.io analyzed over $168 billion in small and diverse supplier spend data, surveyed 400+ supplier diversity professionals, and held 34 one-on-one interviews with industry leaders to identify winning strategies from top programs. This Best Practices for Alternate Sourcing Report provides data-driven and actionable insights from leading procurement teams on how to integrate small, local, diverse, and sustainable suppliers into sourcing strategies for greater resilience and value.

Unlock proven strategies to strengthen sourcing and reduce risk.

What this report explores:

How leading companies are evolving their supplier diversity programs
Proven strategies for identifying & vetting small & diverse suppliers to manage risk
The role of data, analytics & benchmarking in smarter sourcing
How alternate sourcing mitigates risk & enhances supply chain stability
How to gain executive buy-in by demonstrating your business impact