LSI as a Diverse Supplier
Diversity certification should become a mandatory requirement for any supplier since it authenticates that the company is owned, managed, and controlled by a qualifying diverse group of employees.
When it comes to open opportunities, LSI has the checkmark on giving minorities a voice and a chance to be part of what the company stands for. We strive to be an inclusive, open, and progressive business. Diversity, in our eyes, is what makes us stronger.
Importance of Diversity
Our company receives multiple benefits as a Diverse Supplier. We consider this to be a step forward in gaining competitive advantages and an opportunity to implement effective strategies.
We aim to seize new opportunities for business expansion with the emergence of new consumer needs based on our demographic realities. LSI shows an interest and commitment to the economic growth of all diverse communities by doing business with diverse markets.
Diverse employment has created over 7.7 million jobs across the entire US territory, increasing economic growth and making a transition to an increasingly diverse demographic. Besides job creation, supplier diversity provides products and services to emerging consumer markets and gets in touch with the needs of shifting populations both nationally and internationally. According to the Department of Commerce, the growth of minority populations will account for as much as 70% of the total increase in purchasing power. These changes must not only be acknowledged, but fully embraced.