Constructing Partnerships with Black Businesses Advances Diversity

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[Black Business\Partnerships]
Forbes: "Forming partnerships with Black-owned businesses, consultants and community organizations is central to developing talent and supply chain pipelines, that are diverse and inclusive, by design."
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Building new partnerships and adapting to new circumstances is key to opening up avenues of opportunity for Black people.

In an age where diversity and inclusion is part of the topical debates across social agendas, business, justice and politics, it is hard to name an aspect of social life, where diversity and inclusion does not feature as a requirement of the world in which we exist.

Forming partnerships with Black-owned businesses, consultants and community organizations is central to developing talent and supply chain pipelines, that are diverse and inclusive, by design. The formation of such partnership arrangements, supports leadership statements around commitment to advance racial inclusion, both internally with employees, and externally with key stakeholders.

Building Strategic Partnerships

Although research from McKinsey shows that businesses that encourage diversity and inclusion have far better results, most organizations have failed to recruit more inclusively in order to advance diversity and inclusion and secure the benefits associated with a more diverse environment, particularly at leadership levels.

Becoming more inclusive takes hard work, and it is not just about the people who work for your business. Leadership teams and procurement managers must take a more proactive stance by looking at a range of organizational systems, not just HR and recruitment, if they are to become true allies, and supporters of a more racially inclusive operational environment, which is free from systematic racism.

It has been historically disconcerting that have also failed to build solid, strategic partnerships with Black-owned businesses, which can help to lessen the economic disparities between Black and white communities. The shift towards a more inclusive tone has been noticeable, and moves to develop intelligent conversations and actions, around removing structural racism and inequality, is encouraging.

Building strategic partnerships with Black businesses helps to foster a more inclusive environment. It enables businesses to widen their external focus around their supply chain and procurement activities. Most businesses either make products or deliver services to consumers. It is within the business logistics network that diversity and inclusion is often overlooked.

Read the rest of this Forbes story here:https://www.forbes.com/sites/carmenmorris/2020/08/20/how-does-constructi...

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