Reprioritize Diversity, Equity & Inclusion Initiatives

Amid increasing recession concerns and mounting pressure from key stakeholders to mitigate supply chain disruption risks, industrial products (IP) sector leaders continue to grapple with workforce issues, leaving social commitments like DEI initiatives to fall to the back burner. These initiatives involve strategies to attract and retain a diverse workforce, implementing programs to increase inclusion, and supporting community values, all while measuring company progress for accountability along the way. With so many investors increasingly advocating for improved DEI efforts, it is no longer a nice to have, but a must. If manufacturers continue to let DEI fall to the wayside, they risk losing potential candidates who can bring creative innovation, unique perspectives, and open collaboration to help drive equitable outcomes. With all the challenges that manufacturers are currently facing, managing and improving DEI initiatives to elevate talent acquisition and retention is not something on which to lose focus.

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