“Supplier diversity isn’t just about maintaining a positive value proposition” says Allan Bennett, Taber Extrusions VP of Sales & Marketing. “As a MBE supplier of aluminum extrusions, we’ve found that successful strategic partnerships increase our range of products, services, and capabilities – not to mention strengthening Taber’s quality control and ability to be responsive to our customer’s changing needs and demographics going into the future.”
In the late ‘60’s the Civil Rights Movement sparked the beginnings of supplier diversity. In the early 70’s, federal legislation was passed to ensure that minority-owned businesses were not excluded from the opportunity to bid on government projects and large corporate projects which supplied the government with products and services.
To protect the integrity of the new U.S. supplier diversity legislation, The NMSDC (The National Minority Supplier Development Council) was formed during the early 1970’s as a 3rd party whose function was to certify businesses as Minority Business Enterprises to reduce incidents of misrepresentation. Since then, many other national organizations have come into being to address the needs of other affinity groups.
Ultimately, whether it’s being an MBE (insert link: http://www.mwbe.com) supplier for aluminum extrusions, steel, or transformer cores, the reality is this: to compete, there must be a willingness to evolve and grow in a way that reflects the population at large. In fact, research shows that companies that embrace diversity are more profitable (insert link: https://gbr.pepperdine.edu/2010/08/supplier-diversity-and-competitive-advantage-new-opportunities-in-emerging-domestic-markets/ ) than companies that don’t.
If you would like more information on Taber’s MBE supplier for aluminum extrusions status, or our commitment to creating diverse partnerships, please visit the MBE supplier for aluminum extrusions page of our website, or give us a call at 888-985-5332.
Minority businesses must be at least 51% minority-owned operated and controlled. For the purposes of NMSDC’s program, a minority group member is an individual who is at least 25% Asian, Black, Hispanic or Native American. Minority eligibility is established via a combination of screenings, interviews and site visits. Ownership, in the case of a publicly-owned business, means that at least 51% of the stock is owned by one or more minority group members.
The National Minority Supplier Development Council creates opportunities for Minority Business Enterprises to connect to the hundreds of corporate members who wish to build relationships with trusted minority-owned companies, like Taber.