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Sources

99% of diverse suppliers meet buyer expectations and about a quarter exceed expectations – The Hackett Group 

https://weconnectinternational.org/images/supplier-inclusion/HackettGroup_SupplierDiversity_2016.pdf

 

For every $1M you spend enhancing procurement operations, you can send $3.6M to the bottom line – Graziadio Business Review | Pepperdine University 

https://gbr.pepperdine.edu/2010/08/supplier-diversity-and-competitive-advantage-new-opportunities-in-emerging-domestic-markets/

 

Only 5.3 % of US Sales go to Black and Latin-owned businesses. 88% go to white-owned companies – The Samuel DuBois Cook Center on Social Equity at Duke University 

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

 

The Median Black family owns 2% of the wealth of a white family. For Latin families – 4% – Institute for Policy Studies 

https://ips-dc.org/racial-wealth-divide-2019/