SUPPLIER DIVERSITY
AMY WORTH , DIRECTOR OF AMAZON BUSINESS , UK
“ Supplier diversity is crucial if businesses want to protect themselves against unpredictable changes in the supply chain . By spreading out risk across suppliers , if one is impacted , there ’ s less chance of a domino effect that can completely hinder a business ’ ability to provide a product or service .
Sourcing locally can be leveraged to add diversity alongside an extra layer of protection as it cuts down on risks associated with transportation , while also supporting ESG goals . We ’ ve seen more buyers trying to find local suppliers , but it can still be a time-consuming process without the right tools . To help mitigate this , there ’ s a need for procurement companies to provide the tools to help identify these suppliers easily .
In the B2B space , supplier diversity can also be a strategic business advantage . By fostering a diverse and resilient supply chain , we can drive innovation , mitigate risks , and deliver exceptional value to our customers . At Amazon Business , we are proud to promote supplier diversity and create economic opportunities that strengthen the wider industry .”