Strength in Diversity: Wells Fargo works with national and local organizations to help diverse-owned businesses grow

摘要

There are essentially two purposes behind the practice of supplier diversity. The first and most recognizable is to include and develop historically underutilized businesses as part of the supply chain. These businesses typically are women- or minority-owned operations, but also include those owned by service-disabled veterans and others. The second idea is to transform a supply chain to better reflect the demographics of a particular area in an effort to increase revenue and loyalty in that marketplace. Both ideas are good for business.