What is “normal” for the supplier diversity industry in 2018?
For the second year in a row, CVM Solutions launched two surveys that aimed to define the supplier diversity industry for both sides involved: the supplier diversity professionals managing and growing their companies’ programs, and the diverse suppliers on the other side of them.
Our 2018 State of Supplier Diversity reports include the results of more than 500 survey responses.
Here are some examples of statistics included in the first report, The State of Supplier Diversity - Supplier Diversity Programs:
- 72 percent of supplier diversity programs cited corporate social responsibility as the top driver of their efforts
- Certification agencies are the primary way companies find diverse suppliers
Here are some of the statistics found in the second report, The State of Supplier Diversity - Diverse Suppliers:
- 62 percent of diverse suppliers surveyed have been in business for at least 11 years
- 92 percent of responding minority-owned businesses are certified as such by an appropriate reporting agency
Download the State of Supplier Diversity reports, and discover these results for yourself: