Report from ASCM and SHRM Highlight Benefits of DEI in Supply Chain
According to a recent press release, the Association for Supply Chain Management (ASCM), Society for Human Resource management (SHRM), and the SHRM Foundation, released a report titled “The Power of IE&D in the Supply Chain: Unlocking Resilience and Growth” on the state of inclusion, equity and diversity (IE&D) within the supply chain industry.
A press release on the report says that findings indication that when diversity, equity, and inclusion (DEI), called inclusion, equity, and diversity in the report (IE&D), are implemented 73% of supply chain mangers report their company outperforming competitors.
“While IE&D initiatives may be commonplace, they are not always effective. According to the report, 62% percent of supply chain managers and 54% of HR professionals from companies with supply chain departments say their company has IE&D initiatives,” the press release adds. “Yet, when asked how effective they believe their company is at achieving IE&D-related progress within their supply chain staff or department, only 29% of supply chain managers and 20% of HR professionals rate their company as very effective.”
Other notable findings from the report include:
- Ineffective IE&D playing a big role in supply chain employees’ likelihood to leave their company—particularly among women and workers of color
- Those who feel their company is not effective at making IE&D-related progress in their department are 4.5 times more likely to say they often feel burned out.
- While large and publicly traded-for-profit companies with supply chain departments are the most likely to have IE&D initiatives, the quality of these programs lags behind others
- Companies rated as being very effective at IE&D have initiatives that span more than twice the number of business areas than those that are not effective
- Companies are three times more likely to be very effective at achieving IE&D-related progress when supply chain leaders are held accountable for these achievements
Janette Wider | Editor-in-Chief
Janette Wider is Editor-in-Chief for Healthcare Purchasing News.
