Stacey Abrams: Big business still needs to improve this key type of diversity
Authors Stacey Abrams and Lara Hodgson write that companies benefit when they source from small businesses and diverse founders.
Last year, corporate business leaders pledged to support businesses led by people of color and women with investments and programs to the tune of millions of dollars. Many of these pledges were made in the wake of social movements and protests to address racial and economic disparity. Some of these pledges and new programs have been successful, especially with supplier diversity becoming an essential rather than a “nice to have” for corporate America. Despite the progress, there is still much more that can be done.