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 * Business
 * Journal Reports: Leadership


COMPANIES EXPAND EFFORTS TO ADD DIVERSITY TO THEIR SUPPLY CHAINS


TO REACH THEIR GOALS, EXECUTIVES SAY THEY MUST BE MORE AGGRESSIVE IN PURSUING
DIVERSE SUPPLIERS AND HELPING THEM COME ON BOARD

COMPANIES ARE GETTING RESOURCEFUL TO ACHIEVE THE BIG GOALS THEY’VE SET FOR
DIVERSIFYING THEIR SUPPLY CHAINS.

Illustration: Siung Tjia/WSJ
By
Joann S. Lublin
Oct. 25, 2022 10:00 am ET

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More U.S. companies are trying new tactics in their efforts to add greater
diversity to their supply chains.

Corporate support for such vendors has swelled since George Floyd’s 2020 murder
sparked a debate about systemic racism, with companies pledging tens of billions
of dollars toward various racial-equity efforts. From January 2020 to March
2022, the 200 biggest U.S. public companies announced plans to pour $50 billion
into diverse suppliers—enterprises owned by minorities, women, veterans, LGBTQ
individuals or people with disabilities—by 2030, a McKinsey & Co. analysis
found.


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