There are five core benefits to committing and supporting a diverse supply chain.
Partnering with diverse owned businesses will bring additional unique perspectives, experiences, and innovative solutions to WashU, contributing to a richer and more inclusive learning and working environment. By actively engaging with a diverse pool of businesses, WashU fosters economic growth within our community, as well as across the nation, and supports underrepresented businesses. Learn about our initiatives
Inclusivity & Equity
Supplier diversity promotes inclusivity and equity by providing opportunities for business owners that have been shown to have economic disparities, including minorities, women, veterans, LGBTQ, and other underrepresented groups. This reflects our commitment to diversity and social responsibility.
Economic Impact
Supporting diverse owned businesses stimulates economic growth within local communities. Our purchasing power will help create jobs, foster entrepreneurship, and contribute to the overall economic well-being of this region and beyond.
Community Engagement
Engaging with diverse owned businesses strengthens WashU’s ties to its surrounding communities. Our commitment to social responsibility and community development, fosters positive relationships with local businesses. In addition, engaging with diverse owned businesses, helps to cultivate stronger, trusting relationships which could lead to partnerships, collaborations, and a more robust network of resources.
Innovation & Creativity
Diverse owned businesses often bring innovative and creative solutions to the table. The unique perspectives and approaches can enhance the quality of services and products provided to WashU, fostering a culture of continuous improvement.
Global Competitiveness
By increasing opportunities to diverse owned suppliers, WashU will position ourselves as higher education leaders in embracing diversity and inclusion within our supply chain. This can enhance our competitiveness on a global scale and help attract students, faculty, and staff who value diversity.