TYSGlobal enjoys a Federal Diverse Supplier Status issued by the NGLCC

 

Did you know?
 

Prioritizing supplier diversity saves large organizations 20% on buying.

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By 2022, 75% of organizations anticipate increasing their spending with diverse suppliers, up from 49% in 2020. 

 

This statistic is a clear indication that supplier diversity is becoming increasingly important to organizations. It shows that more and more organizations are recognizing the value of working with diverse suppliers and are willing to invest in them.

 

This is a positive sign for the future of supplier diversity and could lead to more opportunities for minority-owned businesses. 

 

Companies with diverse suppliers show a 133% greater return on procurement investments compared to companies without diverse suppliers. 

 

This statistic is a powerful indicator of the potential benefits of supplier diversity. It shows that companies that invest in diverse suppliers can reap a significantly higher return on their procurement investments than those that don’t. This is an important point to consider for any business looking to maximize their return on investment and maximize their competitive advantage.​

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Source: GITNUX MARKETDATA REPORT 2023