Growing Your Business With Supplier Diversity

PHILADELPHIA - July 27, 2015 - PRLog -- Certified by the Women’s Business Enterprise National Council (WBENC), Penn Emblem has access to many opportunities not only for our company, but also our customers and partners. Many businesses with this certification can increase revenue and build relationships with a diverse group of companies. Government agencies, suppliers and non–profit organizations are required to give a certain percentage of work to women-owned and minority businesses. This opens many doors and opportunities for these companies. As a member of the WBENC, Penn Emblem Company has access to many markets it may not have been able to connect with before.

Large corporations began creating supplier diversity initiatives because the benefits prove very advantageous. Consumers like seeing this interaction because they prefer to buy from companies that share the same values they do. Using diversity, companies have the chance to become more innovative and create opportunities like never before. Many WBE companies have access to cutting edge technologies and popular products that can assist in differentiating products that are commodity driven.

In addition, these diverse businesses continue to rise and are one of the fastest growing segments in the U.S. economy. “Minority-owned business enterprises… generate more than $500 billion in annual revenue and employ nearly four million employees,” according to U.S. Small Business Association.

Penn Emblem Company uses its own supplier diversity with its partners and employees. As a result, the company sees a huge difference in the way business was done 30 years ago with such an influx of different ideas. “As a WBE, Penn Emblem uses diversity to mentor, motivate and encourage women coming into the business,” Randi Blumenthal-Joseph said, President of Penn Emblem. Supplier diversity grows even more popular as technologies and ideas create a positive impression among other big corporations. Let us know how we can help support your supplier diversity initiative.