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In an increasingly globalized world, diversity is no longer a “nice-to-have.” It’s a fundamental necessity for businesses that want to stay competitive, innovative, and relevant. From workforce diversity to supplier diversity, organizations that make this a priority are seeing tangible benefits. Yet, many companies still face challenges in implementing effective diversity sourcing strategies, whether in hiring practices or procurement processes.
Here’s why diversity sourcing is more than just a buzzword and how companies can position themselves for success by embracing it.
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Diversity and Inclusion: A Growing Focus
According to a 2024 survey, 78% of organizations have