Key Highlights
- Companies with diverse leadership are 33% more likely to outperform their competitors
- 79% of consumers say companies must demonstrate a commitment to diversity, equity, and inclusion to stand out
- 61% of employees are more likely to stay at a company that prioritizes diversity and inclusion
- 85% of consumers say they are more likely to buy from brands that demonstrate diversity and inclusion
- 70% of millennials consider a company's stance on social issues when choosing where to work
- The promotional products industry is estimated to reach $25 billion by 2023, with diversity initiatives being a key growth factor
- 45% of marketing professionals say that diversity and inclusion are key to their brand messaging
- 56% of consumers are more likely to purchase from brands that take stands on social issues
- Only 19% of employees in the promotional products industry feel their workplace is diverse
- Female-Owned promotional product businesses account for approximately 30% of the industry
- BIPOC entrepreneurs make up around 20% of promotional product business owners
- 67% of consumers say diversity, equity, and inclusion efforts influence their purchasing decisions
- 72% of promotional products companies report implementing D&I initiatives in their business practices
In an industry poised to hit $25 billion by 2023, embracing diversity, equity, and inclusion is no longer just a moral choice—it’s a strategic imperative, with 79% of consumers favoring brands that demonstrate authentic DEI efforts and companies with diverse leadership outperforming their competitors by 33%.
Consumer Attitudes and Loyalty Towards Inclusive Brands
- 79% of consumers say companies must demonstrate a commitment to diversity, equity, and inclusion to stand out
- 85% of consumers say they are more likely to buy from brands that demonstrate diversity and inclusion
- 56% of consumers are more likely to purchase from brands that take stands on social issues
- 67% of consumers say diversity, equity, and inclusion efforts influence their purchasing decisions
- 73% of consumers want to support brands that demonstrate authentic diversity and inclusion efforts
- 87% of consumers say they are more loyal to brands that showcase diversity in their advertising
- 81% of consumers prefer brands that actively promote social justice
- 73% of consumers want to see more representation of minorities and marginalized groups in promotional campaigns
Consumer Attitudes and Loyalty Towards Inclusive Brands Interpretation
Diversity
- 45% of promotional product buyers feel that industry suppliers lack sufficient diversity
Diversity Interpretation
Diversity, Equity, and Inclusion Initiatives and Impact
- Companies with diverse leadership are 33% more likely to outperform their competitors
- 61% of employees are more likely to stay at a company that prioritizes diversity and inclusion
- The promotional products industry is estimated to reach $25 billion by 2023, with diversity initiatives being a key growth factor
- 45% of marketing professionals say that diversity and inclusion are key to their brand messaging
- Female-Owned promotional product businesses account for approximately 30% of the industry
- BIPOC entrepreneurs make up around 20% of promotional product business owners
- 72% of promotional products companies report implementing D&I initiatives in their business practices
- 68% of marketing campaigns now incorporate diverse representation, a rise of 25% over the past five years
- 44% of industry professionals believe that increasing diversity could lead to more innovative promotional product ideas
- Companies with inclusive cultures see a 22% increase in employee productivity
- 34% of promotional product companies have a dedicated DEI officer or team, indicating growing organizational focus
- 82% of DEI initiatives in the industry aim to improve supplier diversity
- 80% of companies report that DEI initiatives have improved team collaboration
- 60% of promotional product clients prioritize supplier diversity in their procurement decisions
- 50% of promotional products companies have training programs focused on unconscious bias
- 65% of industry exhibitors at trade shows now feature diversity-themed campaigns or branding
- 48% of promotional products are now customized to reflect cultural diversity and inclusion themes
- 79% of employees report feeling more valued in inclusive workplaces
- 54% of promotional products companies plan to increase their DEI budget in the next year
- 30% of promotional product marketing campaigns now explicitly promote inclusive messages
- 40% of industry conferences now include sessions on diversity and inclusion, indicating industry-wide engagement
- 44% of promotional products industry professionals report being concerned about representation gaps
- 76% of marketing agencies believe that inclusive branding increases market share
- 39% of promotional products professionals say they lack sufficient diversity training
- 55% of promotional products companies have set measurable DEI goals for 2024
- 49% of promotional products are now designed to appeal to diverse cultural groups
- 38% of promotional products companies report that their DEI initiatives have led to better employee retention
- 29% of industry firms have explicit policies for supporting LGBTQ+ inclusivity
- 46% of promotional product executions now include diversity-themed elements
- 64% of industry professionals believe DEI efforts will enhance brand reputation
- 52% of promotional products industry leaders say future growth depends on embracing diversity
- 68% of promotional products clients consider a supplier’s DEI practices in their decision-making process
Diversity, Equity, and Inclusion Initiatives and Impact Interpretation
Environmental Sustainability and Representation in Promotional Products
- 55% of promotional products buyers seek suppliers with demonstrated commitments to sustainability and social justice
Environmental Sustainability and Representation in Promotional Products Interpretation
Impact
- 62% of promotional products companies have seen increased sales after implementing DEI policies
- 65% of industry participants believe sustainability and diversity efforts should be integrated
Impact Interpretation
Industry Practices, Policies, and Market Trends
- 71% of industry leaders believe that DEI efforts are essential for long-term growth
- 58% of industry companies have partnership initiatives with diverse supplier networks
Industry Practices, Policies, and Market Trends Interpretation
Workforce Diversity and Recruitment Trends
- 70% of millennials consider a company's stance on social issues when choosing where to work
- Only 19% of employees in the promotional products industry feel their workplace is diverse
- The average age of promotional products industry leaders is 49 years, with only 15% being under 35, indicating a potential gap in diverse youth representation
- 40% of promotional products industry workers are from underrepresented backgrounds
- 69% of new industry recruits are from diverse backgrounds, indicating a shift towards greater inclusivity
Workforce Diversity and Recruitment Trends Interpretation
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