The MBDA report suggests strategies to close supply chain gaps with MBEs

From GlobeNewswire: 2024-12-20 17:46:00

The Minority Business Development Agency (MBDA) released a report outlining ways for Minority Business Enterprises (MBEs) to fill gaps in the U.S. supply chain. Currently, MBEs make up 22% of service sector firms supporting manufacturing but only 10% of manufacturing firms. The report identifies barriers and offers strategies for policy makers and corporations to engage MBEs in supply chains. Recommendations include leveraging MBEs in high-tech manufacturing, promoting inclusive entrepreneurship, expanding corporate supply chain diversity, and providing support to MBEs in manufacturing. The report also addresses unique challenges faced by MBE demographic groups and suggests qualitative data gathering to understand MBE needs. Findings from the report can be reviewed on the MBDA website.



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