What’s the potential impact of all these supplier diversity programs on MBEs? We analyzed the trend data to find out how well we’re truly improving things for MBEs over time.
In the next 25 years we will have effectively “population parity” with half of all US citizens being minorities. But how does well has economic parity kept up?
Supplier.io and the Michigan Minority Supplier Development Council (MMSDC) analyzed five years of supplier and economic data to see what impact companies are having on the minority communities they serve. And while these programs are having some success, it’s not enough. Read this research to see the impact on minority financial wellbeing and how long it’s going to take to have an equitable impact. The results may surprise you.