Something that has been long established in the US is now coming to the UK. Large firms are monitoring the diversity of their suppliers. A few weeks ago, Microsoft in the UK sacked a supplier because of a lack of diversity and now JP Morgan in the UK is reviewing its suppliers
Firms should become pro-active about Diversity and not wait for commercial pressures or lawsuits to make them change. It could prove very costly if they continue to brush it under the carpet.
Tuesday, May 22, 2007
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A number of large companies in the UK are actively engaged in promoting diversity in their supplier base. A diverse supplier base provides companies to reach out to some of the most entrepreneurial talents providing innovation, quality and value to the supply chain. Supplier diversity is about positive action by private sector to provide equal opportunities and creating wealth in communities.
Minority Supplier Development UK (www.msduk.org.uk ) is a not for profit corporate membership organisation inspiring supplier diversity in the UK. Companies including PepsiCo, ExxonMobil, JP Morgan and others are members of MSDUK.
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