The Power of Supplier Diversity with Terrence Clark

October 27, 2022

Supplier diversity not only makes you a better corporate citizen. Diversity of thought, products, and services enhances the value of your company and enables you to do more business with more people in more places.


In this episode of “CPO Open Mic,” Mike Schiappa, chief procurement officer at Beeline, talks with Terrence Clark, president and CEO at The New York & New Jersey Minority Supplier Development Council.

In the podcast, Mr. Clark discusses his work with more than 1,300 Minority Business Enterprises (MBEs), the 155 corporate members of NYNJMSDC, and thousands of businesses nationwide. He explains how his organization helps minority owned and operated businesses develop relationships with major public and private organizations to become valued contributors to their supply chains.

Topics Include:

  • What it takes to get MBE suppliers “procurement ready”
  • Why most companies don’t really understand their supply base
  • Why supplier diversity does not mean “set-asides”
  • Why MBEs are often less complacent and more innovative