What is Supplier Diversity?

Supplier Diversity is a business strategy that promotes the inclusion of underrepresented businesses in a company's supply chain. These typically include:

Minority-Owned Businesses (MBEs)
Women-Owned Businesses (WBEs)
Disadvantaged Business Enterprises (DBEs)
Veteran-Owned Businesses (VBEs/DVBEs)
LGBTQ-Owned Businesses (LGBTBEs)
Small and Local Businesses (SBEs/LBEs)

The goal is to ensure equitable access to contracting and procurement opportunities by creating a more inclusive and representative business ecosystem.

Why is Supplier Diversity Important?

Economic Equity: It supports economic development in underserved communities.
Innovation: Diverse suppliers bring unique perspectives and solutions.
Compliance: Many public and private sector projects require meeting specific diversity goals.
Resilience: Expanding your supplier base reduces dependency on limited vendors.

How Pegbo Helps with Supplier Diversity

Pegbo simplifies and strengthens supplier diversity by:

Connecting general contractors and agencies with prequalified diverse suppliers
Hosting outreach events to increase engagement
Tracking spend and participation for reporting and compliance
Helping suppliers become “bid-ready” through growth and training initiatives

Check out where to find local suppliers here: https://pegbo.com/biz