Supplier Diversity is defined as reaching out to groups not traditionally included or underrepresented in the supply chain or within the purchasing process of major corporations or governments. Some underrepresented groups include LGBT, women, visible minority, aboriginal business owners, people with disabilities and Veterans. – Supplier Diversity Alliance Canada (SDAC)
Supplier Diversity Alliance Canada (SDAC) was established in 2016 for the intention of advancing supplier diversity in Canada. It seeks to provide support, guidance and consultation to stakeholders on the direct impacts of developing and applying effective inclusive procurement policies and practices.
In Canada, many corporations support Supplier Diversity and have been actively building and establishing their programs over the past 10 years. This practice is also an active program in the USA for more than 40 years now. The first to implement in Canada is the City of Toronto in 2016.
In support to this, the Nova Scotia Business Inc. partnered with SDAC to host an information session to present and discuss supplier diversity procurement and the benefits of certification in relation to exporting. As they believe that supplier diversity helps business find opportunities, access supply chains, and make connections in a new way. One of the opportunities is to explore new markets! Firms and governments create value in historically disadvantaged communities through job creation, tax dollar generation, economic empowerment, and increased spending power amongst these communities by procuring goods and services from diverse suppliers.
Learn more and register before July 12, 2022 at https://nsbiportal.force.com/NSBILightning/s/community-event?id=a310A00000052qgQAA#/Overview
References:
https://www.supplierdiversityalliance.ca/
https://www.novascotiabusiness.com/
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