Competitive Advantage of Diverse Suppliers in the Global Supply Chain

Supply chain models have faced increasing levels of change during the global economic recession with buyers facing greater pricing pressures and forcing concessions from suppliers. Diverse suppliers in North America have been encouraged to participate in supplier diversity activities, facing not only pricing pressures but also the wider trend of supply chain consolidation. In the consolidation scenario, procurement executives are increasingly reducing the numbers of suppliers they do business with in an effort to gain greater efficiencies and pricing value. Given this movement, what role do diverse suppliers play in global supply chains and how can diverse suppliers offer competitive value. Learn from both global buyers and diverse suppliers about ways to effectively leverage diverse suppliers.