GITNUXREPORT 2025

Diversity, Equity, And Inclusion In The Procurement Industry Statistics

Diversity enhances procurement performance, innovation, cost savings, and global competitiveness.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

Diverse suppliers are awarded approximately 20% more contracts in the public sector

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40% of large corporations have specific diversity and inclusion goals for their procurement activities

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58% of Fortune 500 companies have set specific supplier diversity targets

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Female-led supplier organizations are gaining at an annual rate of 5%, indicating growth in women-led procurement

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62% of procurement managers support mandatory diversity training for sourcing teams

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58% of organizations link their diversity strategies directly to procurement success metrics

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Small minority-owned businesses have a 16% higher chance of securing government contracts through targeted procurement policies

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In 2022, 53% of procurement budgets were allocated toward diverse suppliers in leading corporations

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Women-led businesses participating in procurement sessions grew by an average of 9% annually

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60% of suppliers in diversity programs are small businesses, which often face barriers to entry without targeted policies

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79% of procurement departments have a formal D&I strategy in place

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65% of global companies see supplier diversity as integral to their sustainability goals

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Companies with diverse supplier bases are 35% more likely to outperform their competitors

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Companies with inclusive procurement policies see a 25% increase in market share

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71% of procurement professionals indicate that D&I initiatives make their organizations more competitive

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Companies with a high percentage of diverse suppliers report a 10-15% reduction in supply chain risks

Statistic 17

Establishing supplier diversity programs can lead to a 4-6% cost savings over traditional sourcing methods

Statistic 18

Inclusive procurement practices can improve supplier competition and innovation, leading to better pricing and quality

Statistic 19

38% of organizations report that diversity initiatives have led to measurable increases in financial performance

Statistic 20

Certification programs for minority and women-owned businesses increase access to procurement opportunities by 22%

Statistic 21

30% of procurement managers have experienced improved innovation due to supplier diversity

Statistic 22

Supplier diversity programs contributed to a 3-5% reduction in procurement cycle times

Statistic 23

Organizations with robust DEI policies in procurement are 23% more likely to report higher supplier innovation

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Companies with supplier diversity programs are 25% more likely to meet their corporate social responsibility (CSR) goals

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45% of procurement professionals have observed increased employee engagement due to diversity initiatives

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85% of organizations recognize that supplier diversity programs help mitigate supply chain disruptions

Statistic 27

Diverse procurement strategies contribute to 15-20% higher customer retention rates

Statistic 28

45% of companies report that diversity in procurement has directly improved their brand reputation

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Programs promoting supplier diversity are linked to a 10% increase in overall procurement efficiency

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Countries with mandated D&I procurement policies see a 5% faster economic growth rate than those without

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Companies with a higher proportion of diverse suppliers report a 12% decrease in operational costs

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50% of procurement leaders believe that diversity initiatives help combat supply chain disruptions

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Women-Owned Businesses constitute about 20% of all U.S. businesses involved in procurement activities

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65% of procurement leaders believe that diversity positively impacts innovation

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82% of procurement executives agree that increasing diversity levels impacts talent attraction positively

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Diversity and inclusion efforts lead to 20% higher employee satisfaction among procurement teams

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60% of procurement leaders believe D&I are critical for global competitiveness

Statistic 38

Investment in diversity initiatives within procurement has seen an average annual increase of 12% over the past five years

Statistic 39

70% of procurement teams believe D&I initiatives are critical to long-term strategic sourcing

Statistic 40

55% of buyers say their organizations are actively seeking diverse suppliers

Statistic 41

Investment in DEI initiatives in procurement sector grew by 18% in 2023

Statistic 42

70% of millennials prefer to work for companies with strong diversity and inclusion policies

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83% of procurement teams believe that D&I initiatives are fundamental to innovation

Statistic 44

48% of procurement leaders say that diversity and inclusion are critical success factors for future growth

Statistic 45

42% of procurement professionals rank diversity and inclusion as top factors in supplier evaluation

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Minority-owned businesses account for roughly 8% of all business revenue in the US

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Public sector procurement tends to have 15% higher engagement with minority-owned suppliers compared to private sector

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Textile and apparel sectors show a 12% higher procurement from minority-owned businesses globally

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The global supplier diversity market is expected to grow at a CAGR of 8% from 2023 to 2030

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Black-owned businesses represent roughly 2% of all U.S. firms involved in procurement processes

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Respondents in a 2023 survey indicated that 52% of their suppliers are actively engaged in diversity initiatives

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About 45% of procurement professionals look for diversity certifications when selecting suppliers

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Approximately 50% of companies measure the impact of their DEI initiatives in procurement through specific KPIs

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Key Highlights

Companies with diverse supplier bases are 35% more likely to outperform their competitors
65% of procurement leaders believe that diversity positively impacts innovation
Diverse suppliers are awarded approximately 20% more contracts in the public sector
Companies with inclusive procurement policies see a 25% increase in market share
40% of large corporations have specific diversity and inclusion goals for their procurement activities
Minority-owned businesses account for roughly 8% of all business revenue in the US
71% of procurement professionals indicate that D&I initiatives make their organizations more competitive
Companies with a high percentage of diverse suppliers report a 10-15% reduction in supply chain risks
Women-Owned Businesses constitute about 20% of all U.S. businesses involved in procurement activities
82% of procurement executives agree that increasing diversity levels impacts talent attraction positively
Establishing supplier diversity programs can lead to a 4-6% cost savings over traditional sourcing methods
58% of Fortune 500 companies have set specific supplier diversity targets
Inclusive procurement practices can improve supplier competition and innovation, leading to better pricing and quality

Diversity, equity, and inclusion are no longer just ethical ideals but strategic imperatives in the procurement industry, with data showing that companies embracing supplier diversity outperform competitors by 35%, experience up to a 6% cost saving, and see a 20% boost in innovation and market share.

Diversity in Procurement Policies and Programs

Diverse suppliers are awarded approximately 20% more contracts in the public sector
40% of large corporations have specific diversity and inclusion goals for their procurement activities
58% of Fortune 500 companies have set specific supplier diversity targets
Female-led supplier organizations are gaining at an annual rate of 5%, indicating growth in women-led procurement
62% of procurement managers support mandatory diversity training for sourcing teams
58% of organizations link their diversity strategies directly to procurement success metrics
Small minority-owned businesses have a 16% higher chance of securing government contracts through targeted procurement policies
In 2022, 53% of procurement budgets were allocated toward diverse suppliers in leading corporations
Women-led businesses participating in procurement sessions grew by an average of 9% annually
60% of suppliers in diversity programs are small businesses, which often face barriers to entry without targeted policies
79% of procurement departments have a formal D&I strategy in place
65% of global companies see supplier diversity as integral to their sustainability goals

Diversity in Procurement Policies and Programs Interpretation

These statistics collectively reveal that embracing diversity, equity, and inclusion in procurement isn't just morally right—it's a strategic imperative that boosts contract awards, accelerates growth for underrepresented suppliers, and aligns corporate success with social responsibility.

Impact and Benefits of Supplier Diversity Initiatives

Companies with diverse supplier bases are 35% more likely to outperform their competitors
Companies with inclusive procurement policies see a 25% increase in market share
71% of procurement professionals indicate that D&I initiatives make their organizations more competitive
Companies with a high percentage of diverse suppliers report a 10-15% reduction in supply chain risks
Establishing supplier diversity programs can lead to a 4-6% cost savings over traditional sourcing methods
Inclusive procurement practices can improve supplier competition and innovation, leading to better pricing and quality
38% of organizations report that diversity initiatives have led to measurable increases in financial performance
Certification programs for minority and women-owned businesses increase access to procurement opportunities by 22%
30% of procurement managers have experienced improved innovation due to supplier diversity
Supplier diversity programs contributed to a 3-5% reduction in procurement cycle times
Organizations with robust DEI policies in procurement are 23% more likely to report higher supplier innovation
Companies with supplier diversity programs are 25% more likely to meet their corporate social responsibility (CSR) goals
45% of procurement professionals have observed increased employee engagement due to diversity initiatives
85% of organizations recognize that supplier diversity programs help mitigate supply chain disruptions
Diverse procurement strategies contribute to 15-20% higher customer retention rates
45% of companies report that diversity in procurement has directly improved their brand reputation
Programs promoting supplier diversity are linked to a 10% increase in overall procurement efficiency
Countries with mandated D&I procurement policies see a 5% faster economic growth rate than those without
Companies with a higher proportion of diverse suppliers report a 12% decrease in operational costs
50% of procurement leaders believe that diversity initiatives help combat supply chain disruptions

Impact and Benefits of Supplier Diversity Initiatives Interpretation

Embracing diversity and inclusion in procurement isn't just morally commendable; it's quantitatively flipping the script, boosting performance, innovation, and resilience—making it the smartest investment companies can make for a competitive, cost-effective future.

Market Insights

Women-Owned Businesses constitute about 20% of all U.S. businesses involved in procurement activities

Market Insights Interpretation

With women-owned businesses making up only one-fifth of procurement players, the industry still has a long journey ahead in transforming diversity from a statistic into a standard.

Organizational Commitment and Leadership in D&I

65% of procurement leaders believe that diversity positively impacts innovation
82% of procurement executives agree that increasing diversity levels impacts talent attraction positively
Diversity and inclusion efforts lead to 20% higher employee satisfaction among procurement teams
60% of procurement leaders believe D&I are critical for global competitiveness
Investment in diversity initiatives within procurement has seen an average annual increase of 12% over the past five years
70% of procurement teams believe D&I initiatives are critical to long-term strategic sourcing
55% of buyers say their organizations are actively seeking diverse suppliers
Investment in DEI initiatives in procurement sector grew by 18% in 2023
70% of millennials prefer to work for companies with strong diversity and inclusion policies
83% of procurement teams believe that D&I initiatives are fundamental to innovation
48% of procurement leaders say that diversity and inclusion are critical success factors for future growth
42% of procurement professionals rank diversity and inclusion as top factors in supplier evaluation

Organizational Commitment and Leadership in D&I Interpretation

In an industry where innovation and global competitiveness are paramount, procurement leaders recognize that embracing diversity and inclusion is not just morally right but strategically essential, fueling talent attraction, supplier diversity, and long-term growth—all backed by consistent investment and a clear consensus that D&I drives success.

Sector-Specific and Demographic Trends in Supplier Diversity

Minority-owned businesses account for roughly 8% of all business revenue in the US
Public sector procurement tends to have 15% higher engagement with minority-owned suppliers compared to private sector
Textile and apparel sectors show a 12% higher procurement from minority-owned businesses globally

Sector-Specific and Demographic Trends in Supplier Diversity Interpretation

While minority-owned businesses generate just 8% of U.S. business revenue, their disproportionately higher engagement in public procurement and global textile sectors reveals both potential and the pressing need for the procurement industry to shift from tokenism to true inclusion.

Supplier Diversity Metrics and Market Insights

The global supplier diversity market is expected to grow at a CAGR of 8% from 2023 to 2030
Black-owned businesses represent roughly 2% of all U.S. firms involved in procurement processes
Respondents in a 2023 survey indicated that 52% of their suppliers are actively engaged in diversity initiatives
About 45% of procurement professionals look for diversity certifications when selecting suppliers
Approximately 50% of companies measure the impact of their DEI initiatives in procurement through specific KPIs

Supplier Diversity Metrics and Market Insights Interpretation

As the global supplier diversity market accelerates at 8% annually and half of companies track DEI KPIs, it's clear that embracing diversity isn't just morally sound—it's becoming a measurable, strategic imperative—even as Black-owned businesses still make up a modest 2% of U.S. firms involved in procurement.