DETROIT – Minority- and women-owned suppliers are failing at a greater rate than the rest of the industry, says Ford Motor Co.’s purchasing chief. The tough business environment and a reliance on cheap labor as their only value proposition is largely to blame for the failure of minority- and women-owned suppliers, says Tony Brown, group vice president, global purchasing. “And they tend to be financed through debt, and in many instances its personal debt, and we know what’s going on ...
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