SUPPLIER DIVERSITY
UPS is more important than ever . “ UPS is committed to pursuing solutions to improve the wellbeing of our people , customers , communities , and other stakeholders .
“ UPS understands the strong connections between environmental and social justice and is making steady progress to build a more sustainable , resilient , and inclusive world .”
The main barriers to supplier diversity and their solutions Oswold says that in order to overcome barriers to achieving supplier diversity , the first thing that ’ s required is “ an increase in awareness of its value in corporations , and among diverse business owners .
“ Data from market research firm , Hootology ,” she says , “ reveals that awareness of supplier diversity among US business decision-makers hovers in single-digit percentages .
“ One of the core goals of the UPS supplier diversity strategy is to raise awareness both inside and outside the company . In addition , only a small fraction of diverse businesses obtain third-party diversity certifications . Getting a certification that the business is at least 51 % owned , managed , and controlled by diverse individuals is the first step to leveraging supplier diversity as a channel to grow the business .
“ Second is internal to corporations within the procurement staff and stakeholders ,” she says . “ Much like the biases companies have recognised and been addressing for years regarding a lack of diversity in hiring and promotions , similar biases exist in the supplier selection process .
“ It can feel safer to hire a company where there is already familiarity and risky to take a chance on a business only recently discovered . Mitigating risks and getting people
76 April 2023