The promise behind supplier diversity is simple: widen the pool of qualified businesses that institutions buy from, including businesses owned by groups historically underrepresented in major supply chains. The objective is not guaranteed business or lower standards. It is fair access to compete for money that institutions are already spending.

Governments, universities, hospitals, municipalities and large corporations spend significant amounts on consulting, technology, catering, construction and other services.

These purchases keep institutions running while giving businesses revenue, experience and references that can help them grow.

The question is whether institutions in Atlantic Canada will use their purchasing power to create first customers for newcomer and racialized businesses, or whether supplier diversity will stop at training and certification. That question matters because procurement decisions determine which businesses win contracts, build track records and become established in the market.

Procurement is therefore more than just an administrative function; it is a strategic economic driver.

 

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