Hi! How can we help?

You can call us during business hours by phone or leave a message for us on the contact us page.

Trade Partner diversity is a business strategy that encourages using diverse trade partners, including minority-owned, women-owned, LGBTQ+-owned, veteran-owned, and other underrepresented businesses in the supply chain.

Trade Partner diversity promotes inclusivity, drives innovation, enhances competitiveness, and can improve a company’s reputation. It also helps businesses meet compliance requirements and build stronger community relationships.

To start a trade partner diversity program, a business should:Assess current trade partners and diversity levels.Set clear goals and objectives.Develop a procurement strategy that includes diverse trade partners.Educate internal teams about the program.Monitor and measure progress.

Benefits include access to unique perspectives and ideas, improved customer loyalty, enhanced market reach, and potential cost savings. Additionally, it can foster innovation and improve brand reputation.

Diverse trade partners can find opportunities by:Networking at industry events and trade shows.Joining local and national trade partner diversity organizations.Registering on procurement platforms used by large companies.Building relationships with procurement teams in target companies.

Qualifications vary by organization, but generally, a diverse trade partner should be certified as a minority-owned, women-owned, LGBTQ+-owned, or veteran-owned business through recognized certifying bodies.

Success can be measured through metrics such as the percentage of spend with diverse trade partners, the number of diverse trade partners in the pipeline, and the overall program impact on community engagement and brand reputation.

Yes, various organizations provide certifications for diverse trade partners, such as the National Minority trade partner Development Council (NMSDC), Women's Business Enterprise National Council (WBENC), and the Small Business Administration (SBA).

Businesses can ensure equitable treatment by implementing fair procurement processes, providing training and resources, and actively seeking diverse trade partners for various contracts.

Challenges include limited access to capital, smaller networks, and potential bias in procurement processes. Addressing these issues often requires focused support and advocacy from larger organizations.

When you see that your account is not verified yet, it means that the Pegbo team is checking your company information. Usually it doesn't take more than 1 business day. We care about each of our members and want everybody to feel safe on Pegbo.