The definition of supplier diversity and its function in the supply chain are a little different today. Introduced in 1953 alongside the establishment of the U.S. Small Business Administration (SBA), supplier diversity programs were created to aid small and minority-owned businesses in securing government and major corporate contracts. Today, the SBA defines supplier diversity as, […]
Let’s start with this simple fact, the world is changing. If one were to compare early 2019 to early 2022, despite the short three-year time span, the differences are exceedingly numerous. Yes, Covid-19 has severely impacted the majority of our lifestyles from social to professional. It has been so momentous that the global supply chain […]
Will diversifying your supply chain solve the issues that come with the global semiconductor shortage? Not entirely—but diversifying your supply chain can absolutely help you optimize your supply chain and even secure hard-to-find or obsolete electronic components during the semiconductor shortage. As much as we all hope the supply-demand struggle will come to a swift […]
You’ve probably heard the term, “supplier diversity” in your line of business. But what exactly does the term mean? The concept of supplier diversity originally began in 1953 with the establishment of the U.S. Small Business Administration (SBA) to ensure that small businesses were given fair and equal opportunities to bid on and win federal […]
IRVINE, CA – July 16, 2021 – Area51 Electronics (https://area51esg.com/), a global distributor of electronic, electrical, and electromechanical components, hardware and assemblies, announced that it won the 2021 Supplier of the Year Award, Class III, presented by the Southern California Minority Supplier Development Council (SCMSDC). Area51 Electronics was nominated for this award by their partner […]
IRVINE, CA – July 14, 2021 – Area51 Electronics (https://area51esg.com/), a global distributor of electronic, electrical, and electromechanical components, hardware and assemblies, was nominated for the 2021 Supplier of the Year Award presented by the Southern California Minority Supplier Development Council (SCMSDC). Area51 Electronics was nominated for this award by their partner Northrop Grumman. The […]
Great news! Area51 Electronics was ranked #27 in the Electronics Sourcing Top 50 North America Authorized Distributors 2021 Report (up from #32 in 2019). Area51 Electronics was also ranked #1 in the list of Top 10 Distributors by Sales Growth. Despite the challenges of 2020, we are forever grateful for all the hard work and […]
