The expression “doing well by doing good,” has become a common refrain among socially conscious businesses, and now there is also a growing body of research that shows companies with socially responsible business practices are more profitable. Increasingly, businesses are focusing on supplier diversity, the practice drawing from a diverse supplier base, including small businesses owned by women and people of color. This practice creates a more innovative, forward-thinking, and resilient supplier mix, and also adds value to the bottom line.
In this video, Christopher Boles, Manager of Supplier Diversity; José Silva, Director of Global Procurement, Supplier Diversity and Sustainability – Abbott; and Shaun Jones, Director of Supplier Diversity - Walgreens discuss the economic impacts of supplier diversity and share how they’ve successfully enhanced supplier diversity.
The views and opinions expressed in these videos are those of the speakers and do not necessarily reflect the official policy or position of Rockwell Automation.