Procurement Magazine - April 2021

Page 100

ESG

LEVERAGING TECH FOR

SUPPLY DIVERSITY AND AGILITY One year later; We speak to Stephany Lapierre, Founder and CEO of Tealbook, and dig into supplier diversity, the need for agility, and how tech can help WRITTEN BY: LAURA V. GARCIA

W

idening the pool of potential suppliers and establishing best practices for inclusive procurement builds agility and promotes a healthy competitive environment for strategic procurement, all while improving quality and innovation and introducing further opportunities to reduce costs. Yes, ethical procurement makes for a good look, but if done right, it can also be a competitive advantage that benefits society and generates economic opportunity for disadvantaged communities. And yet, a year after the global pandemic brought to light the ubiquitous problems supply chains face due to lack of supplier information and an inability to react swiftly to supply chain interruptions, leaders the world over continue to spout the need for increased resiliency while seemingly doing little to affect change. The breaking point Conducted by Wakefield Research, the Tealbook Survey “On Solid Ground: Building the Data Foundation for Agile Procurement”

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