California American Water (Cal Am) recently issued its Supplier Diversity Economic Impact Report: 2017. As the first water utility regulated by the California Public Utilities Commission to produce such a report, Cal Am believes forging partnerships with diverse suppliers is essential to the company’s success. By focusing on supplier diversity for each strategic sourcing project, Cal Am helps to promote the growth and success of minority-owned, woman-owned, disabled veteran-owned, and LGBT business enterprises.
Cal Am partnered with IMPLAN to complete the analysis and report. IMPLAN recently developed an automated system for analyzing the economic impact of supplier diversity programs based on key data provided by clients. The economic impacts of each supplier are aggregated to tell a comprehensive story about the organization’s diverse supply-chain impact on the communities they serve.
The following economic impacts of Cal Am’s 2017 supplier diversity program take into account direct, indirect, and induced impacts, including jobs supported, employee compensation, value added, and output.